The stubborn clouds that have hung over Manhattan’s luxury real estate market have finally parted, letting some sunlight peek through. Twenty-three contracts were signed last week at $4 million and above, the first plus-20 total in almost 3 months. Condos out sold co-ops 16 to 5, and there were 2 townhouses in the mix.
The No. 1 and No. 2 contracts were 2 penthouse condos at 275 West 10th Street: PHC, asking $29.5 million, and PHA, asking $18.85 million. PHC is a duplex with an elevator. It has 5,985 square feet, plus a terrace that totals 1,536 square feet. It also has 5 bedrooms, 5 bathrooms, 2 powder rooms, and a fireplace. The upper level has floor-to-ceiling glass windows that open onto a 70-foot-wide terrace with an outdoor kitchen. PHA is a smaller duplex with 3,846 square feet including 3 bedrooms, 3 bathrooms, 2 powder rooms, and an eat-in kitchen. Upstairs is a glass great room that opens onto a 1,915-square-foot terrace. In this building, which is known as the Shephard, amenities include a doorman, fitness room, children’s playroom, basketball court, golf simulator, and an art room, plus a landscaped garden.
The No. 3 contract was the 7th floor at 21 East 66th Street, asking $12.95 million, reduced from $14.35 million when it went on the market a year ago. The condo has 3,600 square feet with 3 bedrooms and 4.5 bathrooms. Wrapping the corner of Madison and 66th Street, it has been gut-renovated, and is in superb condition.