Thirty-seven contracts were signed last week in Manhattan at $4 million and above, 2 fewer than the previous week. Condos outsold co-ops, 26-9, with 2 townhouses in the mix.
Stat Geek Alert: The weekly volume of $364,685,000 is the largest since December 20-26, 2021, when $368,532,000 was totaled (2021 was the biggest year in the history of luxury real estate).
The No. 1 contract was PH11 at 140 Jane Street, asking $45 million.
The condo has 5,653 square feet including 5 bedrooms and 5.5 bathrooms. A 51-foot living room and a dining room have almost 11-foot ceilings that face the Hudson River. A 23-foot master bedroom opens onto a balcony. Stairs in the unit lead to a 1,697-square-foot terrace with a hot tub---all overlooking the Hudson River. This 11-story, 14-unit building was designed by BKSK architects and Leroy Street Studio. Amenities include a doorman, porte-cochere, automated parking garage, a lounge, fitness room, lap pool, and hot tub.
The No. 2 contract was PH40A at 15 Central Park West, asking $39 million, reduced from $65 million when it started on the market in April 2023. The unit has
5,398 square feet including 4 bedrooms and 3.5 bathrooms. A great room, dining room, and office face Central Park. The sale rescued the unit from a U.C.C foreclosure. The condo was purchased for $22.7 million in January 2008 by an LLC linked to Russian billionaire Valery Kogan, who made his fortune as the co-owner of Moscow’s Domodedovo Airport. According to The Real Deal, Miami-based Rok Lending initiated a U.C.C. foreclosure alleging a $4.2 million default in loan payments. Rok had a $38 million loan tied to Kogan that was secured by interests in various properties. Since 2022, Kogan has listed properties worth hundreds of millions, ranging from condos in New York’s Plaza Hotel, 515 Park Avenue, and 15 Central Park West, plus houses in Greenwich, Ct., and Israel.
15 Central Park West was designed by architect Robert A.M. Stern. Amenities include a 14,000-square-foot fitness center with a 75-foot pool, a private restaurant for residents only, a landscaped motor court and garage, library, business center, game room, outdoor terrace, and children’s playroom.
