LUXURY MARKET REPORT 2020
Report on Contracts Signed
Manhattan Residential Properties
$4 Million and Above
January 13-19, 2020
15 Contracts Signed
Fifteen contracts were signed last week at $4 million and above, 4 more than the previous week---but still another lackluster performance in the luxury market since the start of the New Year.
The No.1 contract was 50C at 157 West 57th Street, asking $16.5 million, reduced from $21 million when it was listed in October 2018. The seller purchased the unit from the sponsor for $19.35 million in April 2015. The apartment has 3,466 square feet including 4 bedrooms and 4.5 bathrooms. A 43-foot corner living room and master suite face Central Park. 157 West 57th Street was designed by Pritzker Prize-winning architect Christian de Portzamparc, with interiors by Thomas Juul-Hansen. The 90-story, 90-unit condo was built above the 5-star Park Hyatt Hotel that has a separate entrance for its 210 rooms. Amenities include use of hotel services, fitness center, pool, private dining, a library lounge, performance space, and a garage.
The No. 2 contract was 11S at 88 Central Park West, asking $13.495 million; it was listed in September. The apartment has 3 bedrooms and 3 bathrooms. The living room, music room, and library span almost 50 feet facing Central Park. The seller paid $11.225 million in August 2011. Monthly maintenance is $10,360. The 28-unit co-op was built in 1910, and features period details and ceilings close to 11 feet. Building amenities include a doorman and storage.
