Twenty-eight contracts were signed last week in Manhattan at $4 million and above, 2 fewer than the previous week. Condos outsold co-ops, 19-6, with 3 townhouses in the mix.
Stat Geek Alert: Thirteen of the 28 properties sold (46%) were at $10 million and above, the largest weekly total of trophy properties since December 20-26, 2021, when 13 were also signed.
The No. 1 contract was PH at 23 East 22nd Street, asking $28.5 million, reduced from $62 million when it was listed in March 2022. This triplex penthouse has 7,066 square feet including 5 bedrooms and 6.5 bathrooms and spans the top three floors of a 60-story condo called One Madison. The bottom floor has a corner great room with a double-height ceiling and is surrounded by a 586-square-foot terrace. The unit has spectacular views in all directions. It is owned by media mogul Rupert Murdoch, who bought the unit for $43,010,000 in February 2014. Amenities in the building include a doorman, concierge, fitness center, and pool.
The No. 2 contract was West PH32B at 500 West 18th Street, asking $23.6 million, raised from $23 million when the condo, then known as the XI, was first offered off floorplans in 2018; it subsequently landed in a spectacular $1 billion-plus foreclosure. The condo has 5,210 square feet including 4 bedrooms, 4.5 bathrooms, and 2 loggias, which total 422 square feet. A dramatic corner 54-foot great room, a loggia, and 3 out of 4 bedrooms overlook the Hudson River. The unit has west, north, and east exposures.
In 2021, the XI was rebranded One Highline under a new sponsor, Witkoff, who took over construction and adjusted prices. This is the 5th time this year that an apartment in the building took the No.1 or 2 spot in this report. Amenities include a fitness center, 75-foot lap pool, spa-treatment rooms, a golf simulator, children''s playroom, private dining, a games lounge, and a garage. Services are offered from the adjacent Faena Hotel, which is part of the rebranded project.