J A N UA R Y 12, 2015
M O N T H LY R E P O R T
MONTHLY
MARKET
REPOR T
This report is a monthly overview of the Co-op and Condo market in Manhattan. Closing data provided lags approximately four weeks from actual closing dates, balancing the timeliness of the report with the completeness of the data set for the period and the accuracy of our analysis.
Sales Summary Historical Performance Notable New Listings Snapshot
2-3 4-7 8 9 1
MONTHLY MARKET REPORT
January 12, 2015
Summary
Most Expensive Sales
As 2014 wound to a close, Manhattan apartment prices continued to rise. The average sales price in November, $1.9 million, represented an increase of 6 percent over October’s $1.8 million average.
AVERAGE SALES PRICE CONDOS AND CO-OPS
$1.9 Million The overall number of sales dipped month-to-month, with 843 closings in November as compared to 1,076 in October.
$55.5M
One57, #81 157 West 57th Street 4 Bed, 4.5 Bath Approx 6,240 ft2 ($8,894 per ft2)
RESIDENTIAL SALES
843
$1.8B
UNITS
GROSS SALES
The two most expensive condo sales of the month were in the new development One57, the first tower on a stretch of West 57th Street that has been dubbed Billionaire’s Row. The most expensive sale was an 81st floor unit with four bedrooms that sold for $55.5 million, while the secondmost expensive was an apartment on the 58th floor that sold for $34 million.
$34.0M
One57, #58A 157 West 57th Street 4 Bed, 4 Bath Approx 6,240 ft2 ($8,486 per ft2)
October 30th- November 30th:
399
CONDOS SOLD AVG PRICE
AVG PRICE/FT
2
$2.7M $1,696
444
CO-OPS SOLD AVERAGE PRICE
$1.2M
$33.2M
Walker Tower, #PH2 212 West 18th Street 5 Bed, 5.5 Bath Approx 4,641 ft2 ($7,154 per ft2)
* Manhattan area market comprises the area south of 125th street on the West Side, and south of 96th street on the East Side.
2
MONTHLY MARKET REPORT
January 12, 2015
Manhattan Condo Sales Summary 90-Day Total Sales by Region
36++1215631 15%
Upper East Side (143) $345M
36% Downtown (302)
12% Upper
Beekman/Sutton Place Midtown East Midtown West Murray Hill Turtle Bay/ United Nations
90-DAY PRICE AVG* $1,108 / ft2 (-21%) $1,464 / ft2 (-8%) $2,361 / ft2 (+24%) $1,676 / ft2 (+26%) $1,238 / ft2 (+6%)
SALES / PAST 90 DAYS 11 24 80 80 21
$817M
West Side (121) $260M
31%
DOWNTOWN Chelsea East Village Flatiron / Union Square Gramercy Park Greenwich Village Lower East Side Tribeca West Village
6% Financial District /
Midtown (216) $690M
BPC (112) $135M
Avg Price / Ft2 by Region $1,750
AVG PRICE / FT 2
MIDTOWN
UPPER WEST SIDE Broadway Corridor Central Park West Lincoln Center Riverside Dr. / West End Ave. FINANCIAL DISTRICT / BPC Battery Park City Financial District
$1,500
$1,250
UPPER EAST SIDE Carnegie Hill Lenox Hill Park/Fifth Ave. to 79th St. Yorkville
$1,000
90-DAY PRICE AVG* $1,722 / ft2 (-4%) $1,653 / ft2 (-2%) $2,127 / ft2 (-3%) $1,993 / ft2 (+18%) $1,911 / ft2 (+12%) $1,147 / ft2 (+5%) $1,744 / ft2 (+1%) $2,009 / ft2 (-11%)
90-DAY PRICE AVG* $1,418 / ft2 (-10%) $1,851 / ft2 (-20%) $1,658 / ft2 (-4%) $1,595 / ft2 (+1%)
SALES / PAST 90 DAYS 97 22 19 52 14 11 62 11
SALES / PAST 90 DAYS 32 22 38 41
90-DAY PRICE AVG*
SALES / PAST 90 DAYS
$1,168 / ft2 (+2%) $1,291 / ft2 (+9%)
35 77
90-DAY PRICE AVG*
SALES / PAST 90 DAYS
$1,789 / ft2 (-1%) $1,511 / ft2 (-5%) $2,390 / ft2 (-16%) $1,253 / ft2 (+6%)
16 76 14 32
$750
2011
2012
2013
2014
NOTE: Neighborhoods with less than 10 sales in the past 90 days are not included in this chart. *Percentage changes are calculated over the same period of the previous year.
KEY UPPER WEST SIDE
DOWNTOWN
UPPER EAST SIDE
FINANCIAL DISTRICT / BPC
MIDTOWN
*Manhattan area market comprises the area south of 125th street on the West Side, and south of 96th street on the East Side.
3
MONTHLY MARKET REPORT
January 12, 2015
Historical Performance : Condo Price Trends Since 2004, the average price of Manhattan condos—both new construction and resales—has increased at the rate of 7.6% per year (CAGR), reaching $2,441,498 this year.
Ten-Year Annualized Change in Price (CAGR) of All Manhattan Condos * $2.5M
+7.6%
SALE PRICE
$2.0M
$1.5M
ANNUALIZED (CAGR)
$1M
$500K
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014 Includes sponsor sales and resales.
Condo Resale Price Growth (CAGR) by Year of Purchase The graph below indicates the Compound Annual Growth Rate (CAGR) for condo resales in Manhattan based on the original purchase year. As expected, the lowest rate over the past 10 years, 3.5%, is seen in purchases at the height of the market, in 2007. By comparison, buyers who purchased in 2013 and resold in 2014 realized a CAGR of 23.6%. 30% 25%
% CHANGE
20% 15% 10% 5%
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
FIRST PURCHASE YEAR *Manhattan area market comprises the area south of 125th street on the West Side, and south of 96th street on the East Side.
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MONTHLY MARKET REPORT
January 12, 2015
Historical Performance : Selected Resales Of the 399 condo sales in Manhattan recorded between Oct. 30th and Nov. 30th, 182 had sold since 2003. The selected resales listed below are grouped according to the years they were initially purchased. The price difference between the sales and the Compound Annual Growth Rate (CAGR) is indicated. BUILDING, UNIT
SQUARE FEET
FIRST SALE
MOST RECENT SALE
PRICE CHANGE
CAGR %
1,016 ft² 715 ft² 650 ft² 1,098 ft² 634 ft² 1,187 ft² 1,092 ft² 2,038 ft²
Jan 30, 2004 ($925,000) Mar 25, 2004 ($354,013) May 14, 2004 ($383,000) Jun 15, 2004 ($718,000) Jun 17, 2004 ($610,950) Jun 17, 2004 ($940,000) Aug 19, 2004 ($1,250,000) Sep 09, 2004 ($2,031,408)
Nov 03, 2014 ($1,975,000) Nov 24, 2014 ($735,000) Nov 18, 2014 ($650,000) Nov 25, 2014 ($1,150,000) Nov 20, 2014 ($1,170,000) Nov 20, 2014 ($1,550,000) Oct 31, 2014 ($2,600,000) Oct 31, 2014 ($6,550,000)
$1,050,000 (+113.5%) $380,987 (+107.6%) $267,000 (+69.7%) $432,000 (+60.2%) $559,050 (+91.5%) $610,000 (+64.9%) $1,350,000 (+108.0%) $4,518,592 (+222.4%)
+7.3% +7.1% +5.2% +4.6% +6.4% +4.9% +7.5% +12.3%
720 ft² 883 ft² 767 ft² 535 ft² 650 ft² 967 ft² 461 ft² 530 ft²
Feb 10, 2005 ($560,000) Feb 14, 2005 ($725,000) Mar 23, 2005 ($630,000) Apr 21, 2005 ($379,000) May 12, 2005 ($560,000) May 31, 2005 ($1,020,000) Jun 17, 2005 ($355,000) Jul 05, 2005 ($579,000)
Nov 03, 2014 ($720,000) Nov 18, 2014 ($985,000) Nov 18, 2014 ($925,000) Nov 24, 2014 ($585,000) Nov 12, 2014 ($735,000) Nov 19, 2014 ($1,240,000) Nov 03, 2014 ($445,000) Nov 17, 2014 ($649,000)
$160,000 (+28.6%) $260,000 (+35.9%) $295,000 (+46.8%) $206,000 (+54.4%) $175,000 (+31.3%) $220,000 (+21.6%) $90,000 (+25.4%) $70,000 (+12.1%)
+2.6% +3.2% +4.1% +4.6% +2.9% +2.1% +2.5% +1.2%
3,000 ft² 1,043 ft² 1,000 ft² 776 ft² 650 ft² 400 ft² 541 ft² 996 ft²
Mar 08, 2006 ($4,251,193) Apr 12, 2006 ($1,192,574) Apr 13, 2006 ($610,950) Apr 25, 2006 ($672,045) Jun 27, 2006 ($620,000) Jul 07, 2006 ($533,869) Jul 11, 2006 ($668,114) Jul 21, 2006 ($722,500)
Nov 24, 2014 ($4,875,000) Nov 25, 2014 ($1,600,000) Nov 20, 2014 ($1,250,000) Nov 26, 2014 ($710,000) Nov 03, 2014 ($850,000) Nov 20, 2014 ($515,000) Nov 18, 2014 ($690,000) Nov 14, 2014 ($940,000)
$623,807 (+14.7%) $407,426 (+34.2%) $639,050 (+104.6%) $37,955 (+5.6%) $230,000 (+37.1%) -$18,869 (-3.5%) $21,886 (+3.3%) $217,500 (+30.1%)
+1.6% +3.5% +8.7% +0.6% +3.9%
916 ft² 970 ft² 367 ft² 840 ft² 735 ft² 1,121 ft² 1,250 ft² 956 ft²
Jan 26, 2007 ($488,760) Apr 17, 2007 ($885,000) Apr 20, 2007 ($404,586) Apr 24, 2007 ($1,039,838) May 15, 2007 ($490,000) May 18, 2007 ($1,170,000) Jun 01, 2007 ($1,160,000) Jun 11, 2007 ($855,330)
Nov 20, 2014 ($1,055,000) Nov 14, 2014 ($995,000) Nov 14, 2014 ($439,700) Nov 17, 2014 ($1,338,888) Nov 24, 2014 ($505,000) Nov 25, 2014 ($1,400,000) Nov 04, 2014 ($1,069,163) Nov 12, 2014 ($986,000)
$566,240 (+115.9%) $110,000 (+12.4%) $35,114 (+8.7%) $299,050 (+28.8%) $15,000 (+3.1%) $230,000 (+19.7%) -$90,837 (-7.8%)
+10.4% +1.6% +1.1% +3.4% +0.4% +2.4%
$130,670 (+15.3%)
-1.1% +1.9%
1,812 ft² 1,350 ft² 700 ft² 791 ft² 572 ft² 913 ft² 1,364 ft² 3,444 ft²
Jan 23, 2008 ($2,800,187) Jan 24, 2008 ($1,635,000) Jan 24, 2008 ($616,042) Jan 25, 2008 ($850,000) Jan 31, 2008 ($740,000) Feb 01, 2008 ($1,144,750) Feb 27, 2008 ($1,883,762) Mar 26, 2008 ($11,536,772)
Nov 20, 2014 ($4,000,000) Nov 17, 2014 ($2,375,000) Nov 14, 2014 ($720,000) Nov 04, 2014 ($889,000) Nov 05, 2014 ($1,075,000) Nov 20, 2014 ($1,700,000) Oct 31, 2014 ($2,282,000) Nov 07, 2014 ($15,463,500)
$1,199,813 (+42.8%) $740,000 (+45.3%) $103,958 (+16.9%) $39,000 (+4.6%) $335,000 (+45.3%) $555,250 (+48.5%) $398,238 (+21.1%) $3,926,728 (+34.0%)
+5.4% +5.7% +2.3% +0.7% +5.7% +6.0% +2.9% +4.6%
Original Sale Year : 2004 Average CAGR : 6% Zeckendorf Towers, 1 Irving Place, #G22B The Devon, 333 East 34th Street, #4F Park West Village, 392 Central Park West, #18E Manhattan Valley Towhouses, 110 Manhattan Ave., #46 Madison Green, 5 East 22nd Street, #14R Andrew, 251 West 98th Street, #3C Trump Tower, 721 Fifth Avenue, #32D 111 Wooster Street, #6E
Original Sale Year : 2005 Average CAGR : 5% Sutton Manor, 411 East 53rd Street, #5A The Highpoint, 250 East 40th Street, #20F The Kingsley, 400 East 70th Street, #1001 Park West Village, 392 Central Park West, #14S 69 West 106th Street, #5A Manhattan Place, 630 First Avenue, #18L 40 Sutton Place, #8D 358 West 23rd Street, #2D
Original Sale Year : 2006 Average CAGR : 4% 21 East 96th Street, #6 Trump Place, 120 Riverside Boulevard, #14T 195 Bowery, #5E 56 Pine Street, #16E The Cosmopolitan, 145 East 48th Street, #16G Downtown Club, 20 West Street, #36A Greenwich Place, 120 Greenwich Street, #6H 455 Main Street, #5B
Original Sale Year : 2007 Average CAGR : 3% Downtown by Starck, 15 Broad Street, #1928 754 East 6th Street, #2A Cocoa Exchange, 1 Wall Street Court, #206 The Centria, 18 West 48th Street, #9B The Cove Club, 2 South End Avenue, #6D Milan, 300 East 55th Street, #3F 155 East 38th Street, #3G Five Nine John Lofts, 59 John Street, #3E
Original Sale Year : 2008 Average CAGR : 5% Onyx Chelsea, 261 West 28th Street, #PHB Veneto, 250 East 53rd Street, #1202 South Star, 80 John Street, #6A 327 Central Park West, #2E Sheffield 57, 322 West 57th Street, #27F 45 Park Avenue, #1104 Jade, 16 West 19th Street, #11-B 15 Central Park West, #10C
-0.4% +0.4% +3.2%
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MONTHLY MARKET REPORT
January 12, 2014
Selected Resales, Cont. BUILDING, UNIT
SQUARE FEET
FIRST SALE
MOST RECENT SALE
PRICE CHANGE
CAGR %
832 ft² 3,705 ft² 1,612 ft² 1,101 ft² 1,005 ft² 726 ft² 1,151 ft² 1,022 ft²
Jun 15, 2009 ($1,330,000) Jun 23, 2009 ($3,000,000) Jun 24, 2009 ($1,350,000) Aug 05, 2009 ($1,125,000) Aug 27, 2009 ($771,980) Oct 20, 2009 ($700,000) Nov 09, 2009 ($1,775,000) Nov 23, 2009 ($1,450,000)
Nov 13, 2014 ($1,265,000) Nov 19, 2014 ($6,900,000) Nov 14, 2014 ($2,425,000) Nov 17, 2014 ($1,669,500) Nov 12, 2014 ($1,160,000) Nov 21, 2014 ($825,000) Nov 14, 2014 ($2,625,000) Nov 07, 2014 ($1,835,000)
-$65,000 (-4.9%) $3,900,000 (+130.0%) $1,075,000 (+79.6%) $544,500 (+48.4%) $388,020 (+50.3%) $125,000 (+17.9%) $850,000 (+47.9%) $385,000 (+26.6%)
-0.9% +16.9% +11.6% +7.8% +8.2% +3.3% +8.1% +4.9%
1,797 ft² 2,187 ft² 1,278 ft² 965 ft² 1,266 ft² 948 ft² 1,331 ft² 979 ft²
Jan 15, 2010 ($1,589,371) Feb 22, 2010 ($2,285,000) Mar 19, 2010 ($1,260,000) Mar 25, 2010 ($480,000) May 19, 2010 ($2,600,000) May 24, 2010 ($937,500) Jun 07, 2010 ($1,500,000) Jun 10, 2010 ($1,075,000)
Oct 30, 2014 ($2,525,000) Nov 07, 2014 ($3,400,000) Nov 25, 2014 ($1,600,000) Nov 12, 2014 ($599,000) Nov 03, 2014 ($3,068,000) Nov 19, 2014 ($1,365,000) Nov 07, 2014 ($2,325,000) Nov 10, 2014 ($1,540,000)
$935,629 (+58.9%) $1,115,000 (+48.8%) $340,000 (+27.0%) $119,000 (+24.8%) $468,000 (+18.0%) $427,500 (+45.6%) $825,000 (+55.0%) $465,000 (+43.3%)
+10.2% +8.9% +5.3% +5.0% +3.8% +8.9% +10.4% +8.5%
800 ft² 824 ft² 2,025 ft² 695 ft² 1,313 ft² 1,174 ft² 1,647 ft² 981 ft²
May 26, 2011 ($950,000) Jul 15, 2011 ($735,000) Aug 31, 2011 ($1,980,000) Oct 10, 2011 ($550,000) Nov 01, 2011 ($1,725,000) Nov 21, 2011 ($1,752,500) Dec 01, 2011 ($2,100,000) Dec 20, 2011 ($1,055,000)
Nov 18, 2014 ($1,300,000) Nov 17, 2014 ($1,120,000) Nov 07, 2014 ($3,125,000) Nov 24, 2014 ($803,300) Nov 24, 2014 ($2,410,000) Nov 14, 2014 ($2,895,000) Nov 05, 2014 ($1,053,679) Nov 20, 2014 ($1,400,000)
$350,000 (+36.8%) $385,000 (+52.4%) $1,145,000 (+57.8%) $253,300 (+46.1%) $685,000 (+39.7%) $1,142,500 (+65.2%) -$1,046,321 (-49.8%) $345,000 (+32.7%)
+9.6% +13.5% +15.5% +13.1% +11.8% +18.8% -21.1% +10.2%
3,578 ft² 1,374 ft² 2,207 ft² 1,465 ft² 1,356 ft² 1,706 ft² 770 ft² 941 ft²
Jan 05, 2012 ($4,913,056) Feb 03, 2012 ($1,450,000) Mar 26, 2012 ($3,937,163) Apr 10, 2012 ($1,462,500) May 15, 2012 ($1,410,276) May 22, 2012 ($2,275,000) Jun 08, 2012 ($792,000) Jun 20, 2012 ($919,000)
Nov 14, 2014 ($6,100,000) Oct 30, 2014 ($1,700,000) Oct 30, 2014 ($5,400,000) Nov 03, 2014 ($1,838,000) Nov 17, 2014 ($2,335,000) Nov 21, 2014 ($2,960,000) Nov 18, 2014 ($853,500) Nov 10, 2014 ($1,199,000)
$1,186,944 (+24.2%) $250,000 (+17.2%) $1,462,837 (+37.2%) $375,500 (+25.7%) $924,724 (+65.6%) $685,000 (+30.1%) $61,500 (+7.8%) $280,000 (+30.5%)
+7.9% +6.1% +13.0% +9.6% +22.3% +11.5% +3.1% +12.1%
370 ft² 1,309 ft² 1,888 ft² 1,083 ft² 991 ft² 2,736 ft² 1,853 ft² 1,308 ft²
Mar 13, 2013 ($330,000) Apr 03, 2013 ($1,980,000) Apr 03, 2013 ($2,754,366) Jun 18, 2013 ($1,650,000) Jun 26, 2013 ($990,000) Jul 10, 2013 ($3,875,000) Jul 11, 2013 ($3,834,719) Jul 18, 2013 ($2,350,000)
Nov 25, 2014 ($355,000) Nov 25, 2014 ($2,350,000) Nov 03, 2014 ($3,700,000) Nov 19, 2014 ($1,600,000) Nov 03, 2014 ($1,266,000) Nov 04, 2014 ($4,450,000) Nov 25, 2014 ($4,925,000) Nov 11, 2014 ($2,550,000)
$25,000 (+7.6%) $370,000 (+18.7%) $945,634 (+34.3%) -$50,000 (-3.0%) $276,000 (+27.9%) $575,000 (+14.8%) $1,090,281 (+28.4%) $200,000 (+8.5%)
+4.5% +11.4% +20.5% -2.1% +20.3% +11.7% +20.6% +6.8%
Original Sale Year : 2009 Average CAGR : 7% 15 William NY, 15 William Street, #39C 50 Warren Street, #3FL Five Nine John Lofts, 59 John Street, #PH2 Greenwich Club, 88 Greenwich Street, #2301 20 Pine Street, #1401 230 Riverside Drive, #14B 325 Fifth Avenue, #38C The Ansonia, 2109 Broadway, #3-79
Original Sale Year : 2010 Average CAGR : 7% 220 West 93rd Street, #6A Opus, 2770 Broadway, #11C 342 West 85th Street, #1B 148 Madison Street, #8H Caledonia, 450 West 17th Street, #1908 342 West 85th Street, #2B Grand Madison, 225 Fifth Avenue, #9B The Chelsea Mercantile, 252 Seventh Avenue, #3L
Original Sale Year : 2011 Average CAGR : 8% The Level Club, 253 West 73rd Street, #13G Griffin Court, 800 Tenth Avenue, #4I One Rector Park, 333 Rector Place, #509 The Strand, 500 West 43rd Street, #6K The Chelsea Mercantile, 252 Seventh Avenue, #4J The A Building, 425 East 13th Street, #PHE The Mondrian, 250 East 54th Street, #30D Griffin Court, 800 Tenth Avenue, #4G
Original Sale Year : 2012 Average CAGR : 11% 471 Washington Street, #3 The Grand Beekman, 400 East 51st Street, #3F The Aldyn, 60 Riverside Boulevard, #3403 Arcadia, 408 East 79th Street, #3C The Visionaire, 70 Little West Street, #26F The Gotham, 170 East 87th Street, #W12C The Vanderbilt, 235 East 40th Street, #27B The Setai Wall Street, 40 Broad Street, #28A
Original Sale Year : 2013 Average CAGR : 14% 1420 York Avenue, #3D 48 Laight Street, #5N 250 West Street, #9E Opus, 2770 Broadway, #16C 20 Pine Street, #2014 The Sohmer Piano Building, 170 Fifth Avenue, #2 The Touraine, 132 East 65th Street, #3A The Platinum, 247 West 46th Street, #4003
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MONTHLY MARKET REPORT
January 12, 2015
Historical Performance : Featured Resales $4.9M
The Touraine, #3A 132 East 65th Street
+20.6%
$5.0M
ANNUAL GROWTH RATE (1 YR)*
+$1,090,281
$4.0M
AGGREGATE PRICE CHANGE
2006
$3.0M
The Gotham, #W12C 170 East 87th Street
07
08
09
10
11
12
13
14
CLOSING HISTORY: Nov 25, 2014 • $4,925,000 Jul 11, 2013 • $3,834,719
+11.5%
$3.0M
ANNUAL GROWTH RATE (2 YRS)*
+$685,000
$2.5M
AGGREGATE PRICE CHANGE
2006
211 Elizabeth Street, #4S
$3.0M
07
08
09
10
11
12
13
14
CLOSING HISTORY: Nov 21, 2014 • $2,960,000 May 22, 2012 • $2,275,000
+5.8%
$3.0M
ANNUAL GROWTH RATE (4 YRS)*
+$596,930
$2.5M
AGGREGATE PRICE CHANGE
2006
Artisan Lofts, #5C 143 Reade Street
$3.8M
07
08
09
10
11
12
13
14
CLOSING HISTORY: Nov 24, 2014 • $3,000,000 Dec 16, 2010 • $2,403,070
+5.8%
$4.0M
ANNUAL GROWTH RATE (5 YRS)*
+$1,025,617
$3.0M
AGGREGATE PRICE CHANGE
2006
Place 57, #21B 207 East 57th Street
$3.0M
07
08
09
10
11
12
13
14
CLOSING HISTORY: Nov 21, 2014 • $3,769,800 Mar 13, 2009 • $2,744,183
+3.4%
$3.0M
ANNUAL GROWTH RATE (10 YRS)*
+$708,938
$2.5M
AGGREGATE PRICE CHANGE
2006
07
08
09
10
11
12
13
14
CLOSING HISTORY: Nov 26, 2014 • $3,000,000 Sep 06, 2006 • $2,291,062
*The annual growth rate compares the first sale to the most recent sale.
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MONTHLY MARKET REPORT
January 12, 2015
Notable New Listings in NYC $82.0M
One Beacon Court, #5152W Approx 9,000 ft2 4 Bed, 5.5 Bath
This Midtown East penthouse, which is owned by billionaire Steven A. Cohen, was originally listed for $115 million in April 2013. The 9,000-square-foot apartment, which was renovated by Gwathmey Siegel, is the most expensive listing in Manhattan.
$10.9M
111 Mercer Street, #PH Approx 3,539 ft2 3 Bed, 3.5 Bath
This triplex penthouse in a historic Soho building has 10-foot ceilings and more than 1,600 square feet of private terraces. The three-bedroom, three-and-a-half bathroom unit features a glass solarium and key-locked elevator access.
$7.3M
30 Park Place, #49A Approx 2,219 ft2 3 Bed, 3.5 Bath
$3.4M
The Apthorp, #6LN Approx 1,767 ft2 2 Bed, 2 Bath
Units in this under-construction, Robert A.M. Sterndesigned development will sit above a Four Seasons Hotel, and owners will have access to its services. This three-bedroom unit has a corner master bedroom suite and a family room with a bay window.
This two-bedroom in the landmark Apthorp condominium has an eat-in kitchen, corner living room and a classic pre-war foyer. The condo has eight windows with protected views.
$4.99M
1 John Street, #7B Approx 2,492 ft2 3 Bed, 3.5 Bath
This apartment in an under-construction condo in Dumbo will have Manhattan views from all three bedrooms. The master suite will have stone mosaic floors, a freestanding tub, a double shower and a vanity.
8
MONTHLY MARKET REPORT
January 12, 2015
Snapshot Journalist and TV anchor Meredith Viera bought an $8.9 million penthouse in the historic Central Park West co-op the Eldorado. Its seller purchased it for $6.25 million in 2011. The home is a threebedroom stunner with two large terraces and Central Park reservoir views.
“Big Bang Theory” star Jim Parsons bought a $2.9 million penthouse in Gramercy Park with his partner, Todd Spiewak. It is their fourth apartment purchase in the same building, 36 Gramercy Park East, which gives residents a key to Gramercy Park. The building opened in 1906, becoming notable for its ornamental terra cotta façade. In 2009, the building underwent an interior overhaul and sales began on the 53 co-op units.
TV weatherman Sam Champion sold a condo in the Upper West Side building for $4.7 million. Champion bought the 2,019-square-foot unit on the top floor of 45 West 67th Street in 1995 for $750,000. The 33-story building was erected in 1985 and has 170 condos with impressive Central Park views.
The building is so welcoming and very dreamy. It’s like something you’d see in a Hugh Grant movie.” –Rachel Antonoff, the fashion designer, on the Brooklyn Heights apartment she is subletting from actress and director Lena Dunham. Robert De Niro bought a $2.8 million apartment in the West Village building 32 Morton Street. The sunny loft has industrial-sized metal casement windows, 13-foot beamed ceilings, and refinished maple hardwood floors. The actor has several other real estate holdings in the city and is one of the forces behind a $250 million hotel project in Barbados.
-The New York Times
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