Elena Sarkissian’s Post

🌟Luxury Market Update🌟 10 contracts were signed last week in Manhattan for properties priced at $4M+, 4 less compared to the previous week. It is worth noting that 4 of the 10 units were $10M+ and 6 of the 10 units were condos sold directly by Sponsors. 🥇The #1 signed contract was Residence 3B at 15 Central Park West with an asking price of $18.5M. This impressive condominium spans 3,142 sq ft and features 3 bedrooms and 3.5 bathrooms. Positioned perfectly to face Central Park, the living room, dining room, and master bedroom offer stunning views and and the unit is in excellent condition. 15 Central Park West was designed by architect Robert A.M. Stern and offers a range of luxurious amenities. 🥈The #2 signed contract was PHA at 685 Fifth Avenue with an initial asking price of $15M which was later raised to $16.5M. Located within the Mandarin Oriental Residences, this condo offers a generous 2,341 sq ft of space including 2 bedrooms and 2.5 bathrooms. Additionally, the unit boasts a 95 sq ft terrace with partial views of Central Park. The apartment was sold to a domestic buyer who frequently visits New York. The 29-story building has a total of 65 units each being sold furnished and equipped with dishes, glassware, and luxurious Frette linens. Five units have already closed, with an impressive average price of $5,119 per sq ft, and 10 other units are also under contract in this condo. Top tier buildings are certainly in demand; as always don’t hesitate to connect with me to find yours! Source: Olshan Report
 #trophy #views #terrace #penthouse #luxury #luxuryrealestate #luxuryhomes #luxuryliving #nyccondos #realestatenyc #nycbroker #nyrealestate #nycrealtor #broker #newyorkcityrealestate #luxuryrealestatenyc #nycdevelopment #newyorkrealestate #realestate #manhattan #manhattanrealestate #uptown #downtown #newyorkcity #newyork #property

🌟Luxury Market Update🌟: 25 contracts were signed in Manhattan last week for properties priced at $4M+. This is 15 less compared to the previous week and represents a 37.5% decrease. The question arises: was the previous week’s total of 40 contracts a one-time occurrence? Only time will provide the answer. Notably, it was the largest number of townhouses sold since June 26, 2023, when 7 houses were also sold. 🥇 The #1 signed contract was a townhouse located at 109 Waverly Place with an original price of $24,950,000 in August 2022 and later reduced to $19,950,000. This 4-story, 25-ft-wide house spans 8,300 sq ft and features 7 bedrooms, 6 bathrooms, 2 powder rooms, and an elevator. Amenities include a lap pool, gym, sauna, wine cellar, and garden. The property was purchased for $17,750,000 in March 2011 by a buyer from New York. 🥈The #2 signed contract was PHA at 527 West 27th Street, a condo building known as The Jardim, with an asking price of $17,995,000 (reduced from $21M when initially listed in June 2016). This duplex offers 4,552 sq ft of living space, 4 bedrooms, 4.5 bathrooms, and a 4,593-square-foot terrace with an outdoor kitchen and a pool. The buyer of this property is also from New York. I am happy to add my insight into the latest luxury properties in Manhattan anytime! Source: Olshan Report
 . #trophy #views #terrace #penthouse #luxury #luxuryrealestate #luxuryhomes #luxuryliving #nyccondos #realestatenyc #nycbroker #nyrealestate #nycrealtor #broker #newyorkcityrealestate #luxuryrealestatenyc #nycdevelopment #newyorkrealestate #realestate #manhattan #manhattanrealestate #uptown #downtown #newyorkcity #newyork #property

🌟Luxury Market Update🌟: 27 contracts were signed last week in Manhattan for properties priced at $4M+. This was 2 fewer compared to the previous week, marking the 3rd consecutive week with over 25 deals. 🥇 The #1 signed contract was the 9th floor at 778 Park Avenue listed at $20M (reduced from $25M). This full-floor home features 6 bedrooms, 7 bathrooms, 2 powder rooms, 3 wood-burning fireplaces, and 11’ ceilings. The spacious living room, formal dining room, library, and bedroom offer stunning views of Park Avenue. Financing is not permitted by the co-op board. 🥈The #2 signed contract was a townhouse located at 14 East 81st Street listed at $19.995M (reduced from $22M). This 20-ft-wide, 5-story limestone home boasts 6 bedrooms, 8 bathrooms, 3 fireplaces, and an elevator. The property includes a garden on the ground floor and a terrace off the 3rd floor, which features a master bedroom and a gym. I’m always happy to add my insights into the state of the market, luxury or otherwise. Don’t hesitate to connect! Source: Olshan Report
 #trophy #views #terrace #penthouse #luxury #luxuryrealestate #luxuryhomes #luxuryliving #nyccondos #realestatenyc #nycbroker #nyrealestate #nycrealtor #broker #newyorkcityrealestate #luxuryrealestatenyc #nycdevelopment #newyorkrealestate #realestate #manhattan #manhattanrealestate #uptown #downtown #newyorkcity #newyork #property

🌟Luxury Market Update🌟: 20 contracts were signed for properties priced at $4M+ , 2 fewer than the previous week. Fun fact: in the past 2 weeks, a total of 10 Penthouses were sold which made up 24% of the luxury contracts signed. The average asking price for a Penthouse was $10,667,500, and it spent an average of 367 days on the market with an average price reduction of 15%. These Penthouse contracts were evenly split between co-ops and condos. 🥇The #1 signed contract was a townhouse at 83 Horatio Street with an asking price of $22,950,000. This 5-story brick house spans 6,220 sq ft and includes 5 bedrooms, 5 bathrooms, 2 powder rooms, and 4 fireplaces. It was purchased for $10,050,000 in 2015 and underwent a renovation before being listed. The property boasts a landscaped garden and terraces on the 5th floor and roof, but it does not have an elevator. 🥈The #2 signed contract was PH8 at 212 West 18th Street listed at $15,995,000. This duplex condo comprises 3,071 sq ft with 3 bedrooms and 4 bathrooms across the 20th and 21st floors of the esteemed Walker Tower. The residence features a living room opening onto a 190-sq-ft terrace and a family room adjacent to the kitchen. With north and east city views, the building offers amenities such as a concierge, doorman, landscaped roof terrace, fitness center, yoga room, sauna, bicycle room, children’s playroom, and library lounge. The property was sold for $12,495,000 in 2017. I’m delighted to offer my insight and expertise on the luxury real estate market in Manhattan anytime! Source: Olshan Report
 #trophy #views #terrace #penthouse #luxury #luxuryrealestate #luxuryhomes #luxuryliving #nyccondos #realestatenyc #nycbroker #nyrealestate #nycrealtor #broker #newyorkcityrealestate #luxuryrealestatenyc #nycdevelopment #newyorkrealestate #realestate #manhattan #manhattanrealestate #uptown #downtown #newyorkcity #newyork #property

🌟Luxury Market Update🌟: 14 contracts were signed last week in Manhattan for properties priced at $4M+, 4 less compared to the previous week. 🥇The #1 signed contract was PH33A at 500 West 18th Street with an asking price of $26,500,000. This luxurious condo spans 5,704 sq ft and features five bedrooms and 5.5 bathrooms. The highlight of the condo is a stunning 47’ corner great room that offers breathtaking views of the Hudson River. The unit also boasts a spacious 26-ft dining room and a well-appointed kitchen, all of which open up to a 266-sq ft loggia. This is the 6th time this year that an apartment in this building has claimed the top spot. Originally known as the XI when it launched in 2018, the building faced a foreclosure exceeding $1 Billion. However, in 2021, the new sponsor, Witkoff, took over the construction and rebranded the building as One Highline. Additionally, residents have a robust amenity suite and can enjoy services provided by the adjacent Faena Hotel which is a part of the rebranded project. 🥈The #2 signed contract the 8th floor at 955 Fifth Avenue with an asking price of $13,800,000. This property has been on and off the market since 2021 with an initial price of $14,600,000. The unit encompasses two combined apartments that would require some reconfiguration as there are currently two dining rooms and two kitchens. The total space includes five bedrooms, 6.5 bathrooms, a living room, a master bedroom, a library, and a second living room, all with views of Central Park. Stay tuned for more of my insights and trends on the Manhattan real estate market! Source: Olshan Report
 #trophy #views #terrace #penthouse #luxury #luxuryrealestate #luxuryhomes #luxuryliving #nyccondos #realestatenyc #nycbroker #nyrealestate #nycrealtor #broker #newyorkcityrealestate #luxuryrealestatenyc #nycdevelopment #newyorkrealestate #realestate #manhattan #manhattanrealestate #uptown #downtown #newyorkcity #newyork #property

🌟Luxury Market Update🌟: 17 contracts were signed for properties priced at $4M+ in Manhattan; 1 fewer than the previous week. Last week’s total of 17 contracts aligns closely with the 10-year average of 16.5 contracts for the week preceding Labor Day. 🥇The #1 signed contract was Unit 39A at 220 Central Park South which was listed at $34,500,000. The seller originally purchased the condo from floorplans in June 2015, closing the deal for $22,808,800 in September 2019. This unit spans 3,114 sq ft and features 3 bedrooms and 3.5 bathrooms. Among its highlights are a 36-ft living room, a master bedroom, and a kitchen all overlooking Central Park. 🥈The #2 signed contract was 217 West 21st Street originally listed at $34,000,000 in November and reduced to $29,000,000. This 3-story, 50-ft multipurpose building includes 18,000 sq ft of space, featuring a 2-car garage on the ground floor, a loft on the second floor, and an artist’s studio on the third floor. Please don’t hesitate to contact me anytime to learn more about the upcoming luxury properties in Manhattan. Source: Olshan Report
 #trophy #views #terrace #penthouse #luxury #luxuryrealestate #luxuryhomes #luxuryliving #nyccondos #realestatenyc #nycbroker #nyrealestate #nycrealtor #broker #newyorkcityrealestate #luxuryrealestatenyc #nycdevelopment #newyorkrealestate #realestate #manhattan #manhattanrealestate #uptown #downtown #newyorkcity #newyork #property

🌟Luxury Market Update🌟: 20 contracts were signed for properties priced at $4M+ , matching the previous week total. Notably, the 20 contracts almost matched the 10-year average of 21 contracts for the 3rd week of July. Also, only 5 contracts were signed in new developments, marking the lowest number of Sponsor sales since February. 🥇The #1 signed contract was for PH11 at 760 Madison Avenue listed at $32,500,000. This 4,216 sq ft Penthouse duplex is situated in the Giorgio Armani Residences and offers 4 bedrooms, 4.5 bathrooms, and 3 balconies totaling 870 sq ft. This is the 4th time this year that a residence in 760 Madison Avenue has taken the top spot. The building, designed by CookFox, is nearly sold out with an average price of $4,955 per square foot. 🥈The #2 signed contract was for 65E at 217 West 57th Street priced at $23,433,000. This residence offers stunning views of Central Park with a great room facing north and east and 3 bedrooms and 3.5 bathrooms spanning 3,364 sq ft. Central Park Tower is a majestic skyscraper with a wide range of amenities including pools, a fitness center, and a club room. I’m always happy to help with any questions about luxury real estate in Manhattan. Source: Olshan Report #trophy #views #terrace #penthouse #luxury #luxuryrealestate #luxuryhomes #luxuryliving #nyccondos #realestatenyc #nycbroker #nyrealestate #nycrealtor #broker #newyorkcityrealestate #luxuryrealestatenyc #nycdevelopment #newyorkrealestate #realestate #manhattan #manhattanrealestate #uptown #downtown #newyorkcity #newyork #property

🌟Luxury Market Update🌟: 26 contracts signed in Manhattan for properties priced at $4M+, 3 less than the previous week. A noteworthy statistic: 8 of these contracts were for properties priced at $10M+ which is the highest number since October 2023 when 9 were sold. 🥇The #1 signed contract was West 25D at 500 West 18th Street listed at $13,770,000 after a reduction from $14,085,000. This corner condo boasts 3,881 sq ft, 4 bedrooms, 4.5 bathrooms, and a spacious great room with stunning views. The building - One Highline - offers amenities including a fitness center, pool, spa, golf simulator, children’s playroom, and more, with services available from the adjacent Faena Hotel. 🥈The #2 signed contract was a townhouse located at 5 East 10th Street with an asking price of $12,995,000. This 5-story, 25-ft-wide townhouse, built in 1890, features 9,650 sq ft of space, 7 fireplaces, and a distinct bay-metal window on its brick exterior. The property requires extensive renovation. I’m always delighted to offer my expertise and perspective on comparable luxury listings coming soon in Manhattan. Source: Olshan Report #trophy #views #terrace #penthouse #luxury #luxuryrealestate #luxuryhomes #luxuryliving #nyccondos #realestatenyc #nycbroker #nyrealestate #nycrealtor #broker #newyorkcityrealestate #luxuryrealestatenyc #nycdevelopment #newyorkrealestate #realestate #manhattan #manhattanrealestate #uptown #downtown #newyorkcity #newyork #property

🌟Luxury Market Update🌟: 19 contracts were signed last week in Manhattan for properties priced at $4M+, 2 less than the previous week. 🥇The #1 signed contract was the magnificent duplex residence 107/108 in 217 West 57th Street. Originally priced at $175M when it began marketing in February 2018, the asking price was reduced to $149.5M. This duplex condo boasts 12,557 sq ft and features 7 bedrooms, 8 bathrooms, 2 powder rooms, and 2 terraces with a combined area of 204 sq ft. This home’s standout feature is the spacious 31’ x 68’ great room with soaring 27-ft ceilings offering breathtaking views of Central Park and the city skyline. The great room leads out to a terrace in the sky measuring 7’x 26’. Sources close to the deal revealed that negotiations took several months and, according to The Wall Street Journal, the contract was eventually signed for approximately $115M, positioning it as one of the top 5 residential sales in Manhattan’s history. Central Park Tower stretches 1,550 feet into the sky and offers amenities spreading over 50,000 sq ft. 🥈The #2 signed contract was a townhouse located at 15 Bank Street which hit the market with an asking price of $30M. A 22-ft-wide, 4-story brick house offering 6,000 sq ft of living space. It encompasses 5 bedrooms, 5 bathrooms, 2 powder rooms, and is equipped with an elevator. The seller previously acquired the property for $11.75 million in 2007 and subsequently carried out renovations under the direction of architect Steven Harris. With these significant transactions defining the recent real estate market in Manhattan, it is clear that luxury properties continue to captivate buyers seeking unparalleled elegance and exclusivity. I am always happy to offer my expertise on the luxury real estate market anytime! Source: Olshan Report
 #trophy #views #terrace #penthouse #luxury #luxuryrealestate #luxuryhomes #luxuryliving #nyccondos #realestatenyc #nycbroker #nyrealestate #nycrealtor #broker #newyorkcityrealestate #luxuryrealestatenyc #nycdevelopment #newyorkrealestate #realestate #manhattan #manhattanrealestate #uptown #downtown #newyorkcity #newyork #property

🌟Luxury Market Update🌟: 18 contracts were signed in Manhattan last week for properties priced at $4M+, 8 less compared to the previous week. Notably, there was a 31% decline in total signed contracts last week, marking the first time the luxury market has dropped below 20% since January. This decline raises questions about the market, especially considering that April is typically one of the strongest months of the year. For comparison, in the same week last year, 26 contracts were signed, 41 contracts in 2022, and 47 contracts in 2021. 🥇The #1 signed contract was PH3BC at 1965 Broadway, listed at $15,995,000. This triplex penthouse condo spans 6,867 sq ft with 6 bedrooms, 6.5 bathrooms, and 2 terraces totaling over 2,000 sq ft. The unit features a 49-ft great room with views of the city and the Hudson River. 🥈The #2 signed contract was Residence 11D at 10 Madison Square West, priced at $12,500,000. This corner condo has 3,309 sq ft with 4 bedrooms, 4.5 bathrooms, and nearly 11’ ceilings. Key features include a 37’ x 23’ great room, an open kitchen, and a master bedroom with views of Madison Square Park. Feel free to connect anytime for my additional insight on the NYC marketplace! Source: Olshan Report
. #trophy #views #terrace #penthouse #luxury #luxuryrealestate #luxuryhomes #luxuryliving #nyccondos #realestatenyc #nycbroker #nyrealestate #nycrealtor #broker #newyorkcityrealestate #luxuryrealestatenyc #nycdevelopment #newyorkrealestate #realestate #manhattan #manhattanrealestate #uptown #downtown #newyorkcity #newyork #property