Twenty-four contracts were signed last week in Manhattan at $4 million and above, 7 more than the previous week. Condos outsold co-ops, 11-10, with 1 condop and 2 townhouses in the mix.
The No. 1 contract was a townhouse at 135 West 11th Street, asking $32 million; it was quietly marketed over the last year and not posted on any public websites or in any multiple listing service. In excellent condition, this 5-story townhouse has 6,998 square feet including 5 bedrooms, 5 bathrooms, 3 powder rooms, 2 fireplaces, an elevator, a 462-square foot patio/garden, and 2 terraces on the top floor. The house is in The Greenwich Lane, a 5-building complex comprised of 193 condos and 5 townhouses. Amenities include a concierge, doorman, parking, fitness center, a 25-meter swimming pool, golf simulator, garden, residents’ lounge, and children’s playroom. The seller bought the unit from the sponsor for $21,894,506 in March 2019. Monthly common charges are $21,786 and annual real estate taxes total $99,062.
The No. 2 contract was PH at 993 Fifth Avenue, asking $19.95 million, reduced from $39.5 million when it was listed at the end of June 2021. The duplex penthouse was originally under contract in March, but the buyer was rejected by the co-op board and by June, it was back on the market. The apartment has 12 rooms including 4 bedrooms and 4.5 bathrooms. The downstairs entertaining space features a 40-foot living room, gallery, and formal dining room—all opening onto a 51-foot terrace overlooking Central Park. Upstairs are 3 bedrooms surrounded by terraces. Online web photos show a mix of staged and virtually-staged shots, but the unit needs to be completely renovated. Amenities in the building include doormen, fitness center, and storage. The co-op board does not allow mortgage financing.