Park Avenue Triplex Snags Manhattan’s Top Contract

The triplex penthouse at 1110 Park Avenue found a buyer after three years on and off the market — but not for its initial $35 million asking price. 

The Carnegie Hill condo snagged a signed contract last week with an asking price just under $25 million, significantly lower than the price the seller sought for it in 2023. 

Still, the apartment was the priciest of 25 Manhattan homes asking $4 million or more to nab inked deals between Oct. 5 and Oct. 11, according to Olshan Realty’s report. The total was down from the 30 contracts signed in the previous period, though it marked another strong week for the luxury market after a slow September. 

The home, which returned to the market in January asking $26.8 million, last traded in 2019, when the seller purchased it from the developer, Toll Brothers, for $17.3 million. The unit spans 7,000 square feet and has five bedrooms and five full bathrooms. It also features a rooftop pool, terrace, multiple Juliette balconies and an outdoor kitchen. 

Amenities in the nine-unit building, built in 2015, include doormen, a fitness center and wine storage. 

Sotheby’s International’s Eva Penson had the listing. 

The second most expensive home to nab an inked deal was a townhouse in the West Village, with an asking price of $22.5 million. The seller purchased the property at 67 Charles Street for $8.3 million in 2009 before later embarking on a gut renovation. It has drifted on and off the market since 2020, when it asked $20 million. It was listed again in April with a $25 million asking price. 

The 20-foot-wide home, built in 1867, has four bedrooms and five full bathrooms spread across four stories and 6,000 square feet. It also features an elevator, garden and roof terrace. 

Compass’ Jim St. Andre, Philip Scheinfeld, Trevor Stephens and Michael Maniawski had the listing. 

Of the 25 properties to enter contract, 15 were condos, six were co-ops, one was a condop and three were townhouses. 

The homes were priced at a combined $177 million, with an average of $7.1 million and a median of $5.3 million. The typical home spent more than a year on the market and was discounted by 4 percent.

Read more

Manhattan’s luxury contracts begin October with a bang

Dushinsky’s Sky Equity Group launches sales on UES condo project

Former Morgan Stanley head eyes record $80M for UES townhouse