West Chelsea, Waldorf Astoria Deals Top Manhattan Luxury
A West Chelsea condo and a unit at the Waldorf Astoria Residences snagged the priciest deals inked in Manhattan last week.
Buyers signed contracts for 28 homes in the borough asking $4 million or more between Oct. 12 and Oct. 18, according to Olshan Realty. The total, up from 25 pending deals in the previous period, marked another strong week for Manhattan’s luxury market following a slow September.
Unit 17A at 551 West 21st Street nabbed the report’s No. 1 spot, with an asking price of $17 million. The 4,300-square-foot apartment, which last traded for $13 million in 2021, hit the market in September.
The home has four bedrooms and four bathrooms. It also features private elevator access, a 38-foot great room, 11-foot ceilings and floor-to-ceiling windows with views of the Hudson River and Statue of Liberty.
Compass’ Scott Hustis, Mark Jovanovic, David Son, Nora McGuire and Stojan Trendov had the listing.
The 44-unit building landed in headlines earlier this year, when former Howard Hughes CEO David Weinreb rented his penthouse for $177,500 a month. Before inking the lease, Weinreb, the founder of real estate investment firm Weinreb Ventures, sought to offload the apartment for $75 million — a price significantly higher than the $38 million he paid for the then-unfinished condo in 2017.
Amenities in the building, developed by Scott Resnick and completed around 2015, include a full-time doorman, fitness center, sauna, steam room and residents’ lounge.
The second most expensive property to land a signed contract was a unit at the Waldorf Astoria Residences at 301 Park Avenue, with an asking price of $16.5 million. Unit 2329 has three bedrooms and three full bathrooms spread across 3,900 square feet. It also features a 660-square-foot terrace.
The condo is one of 372 units on top of the historic Waldorf Astoria Hotel, which reopened last summer following years-long delays in the renovation process. Closings also began at the start of last year, with 80 deals in the books so far, which sold for an average of $3,300 per square foot.
Amenities in the building include a fitness center, indoor pool and private dining room. Condo owners also have access to valet parking and 24-hour room service through the hotel.
A team with Douglas Elliman Development Marketing, led by Jade Chan, JP Forbes and Kai Wong, heads sales at the project.
Of the 28 homes to find buyers, 17 were condos, seven were co-ops and four were townhouses.
The properties were priced at a combined $215 million, with an average of $7.7 million and a median of $6.3 million. The typical home spent roughly a year on the market and was discounted by 2 percent.
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