Aman, 200 Amsterdam lead Manhattan luxury contracts

Buyers signed contracts for 26 homes asking $4M+

Aman, 200 Amsterdam lead Manhattan luxury contracts

February 20, 2024 | The Real Deal | by Sheridan Wall

Manhattan’s luxury market perked up last week, led by some familiar names and addresses.

For the first time since early October, signed contracts in the borough for properties asking $4 million or more reached 26 last week, according to Olshan Realty. The total was up from the 21 deals inked in the previous period.

The priciest home to find a buyer was Unit 23A at 730 Fifth Avenue, with an asking price of $56 million. The full-floor condo in OKO Group’s Aman New York — a luxury hotel and condo project —  spans 6,300 square feet and has four bedrooms and five bathrooms.

The apartment also features a library, home theater and nearly 11-foot ceilings. It was initially priced at $66 million when the building started marketing in January 2020.

Aman’s in-house team heads sales at the 22-unit conversion at the top of the Crown Building. So far, the team has closed 17 deals for an average of $7,710 per square foot.

The Midtown condo has notched several high-priced deals. Earlier this month, a Hong Kong-based private equity executive paid $62 million for a 24th-floor unit, while an unknown buyer bought another apartment for $76 million in July 2022.

Amenities at the building include a private residents’ entrance on 56th Street, two restaurants, a jazz club and fitness center with a pool.

The second most expensive home to enter contract was unit 43A at 200 Amsterdam Avenue, with an asking price of $22.5 million. Sales launched in September 2019, after which the developer upped the asking price of the condo by $1 million.

The 4,700-square-foot condo has four bedrooms and four bathrooms.

The full-floor unit also features two balconies and floor-to-ceiling windows with views of the Manhattan skyline, Central Park and Hudson River.

Peter Zaitzeff, Ariel Sassoon and Jamie Hannon of Serhant’s new development arm lead sales at the Lincoln Square condo developed by SJP Properties and Mitsui Fudosan. Brown Harris Stevens’ Amanda Brainerd brought the buyer.

The Serhant team replaced Brown Harris Stevens Development Marketing in sales at the project in January. At the time, deals had closed for 90 of the building’s 112 units for an average of $2,800 per square foot, according to Marketproof.

The building’s amenities include a fitness center, saltwater pool, golf simulator, steam rooms and sauna. The condo project survived a judge’s ruling that it was too tall and that about 20 stories would have to be removed. An appeals court sided with the de Blasio administration that the city’s approval was valid.

Of the 26 contracts inked for luxury homes in Manhattan last week, 17 were for condos, five were for co-ops and four were for townhouses.

The homes’ combined asking prices were $251 million, which works out to an average of $9.6 million. The median price was $6 million. The typical home received an 11 percent discount and spent 673 days on the market.

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