FEBRUARY 10, 2015 MONTHLY REPORT CITYREALTY MONTHLY MARKET REPORT 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
Summary The most expensive sale in New York City history was among the closings recorded in the final month of 2014, a fitting bookend to a year characterized by sales of very high priced units. AVERAGE SALES PRICE CONDOS AND CO-OPS $2.0 Million The average sales price of all condominiums and co-ops in December was $2.0 million. The average price of condominium sales alone was $2.9 million, and for the entire year it was $2.5 million, a substantial increase from 2013 s average of $2.0 million. Sales of extremely expensive apartments boosted average prices both in December and the rest of the year. Most Expensive Sales $100.5M One57, #90 157 West 57th Street 6+ Bed, 6+ Bath Approx 10,923 ft 2 ($9,198/ft 2 ) ALL CONDOMINIUM AND CO-OP SALES 1,207 $3.3B UNITS GROSS SALES The most expensive home sale in New York City history was recorded in December when an unidentified buyer paid $100.5 million for the 11,000-square-foot penthouse occupying the top two floors of One57. The previous record was held by Ekaterina Rybolovleva, daughter of Russian billionaire Dmitry Rybolovlev, who paid $88 million for a condo at 15 Central Park West in 2011. Although the One57 sale was the first residence to sell for more than $100 million, Rybolovleva s purchase was more expensive on a per-square-foot basis, at around $13,000 compared to the roughly $9,000 paid buy the One57 buyer. $55.6M One57, #85 157 West 57th Street 4 Bed, 4 Bath Approx 6,240 ft 2 ($8,903/ft 2 ) December 1 st - December 31 st : 410 CONDOS SOLD AVG PRICE $2.9M AVG PRICE/FT2 $1,741 540 CO-OPS SOLD AVERAGE PRICE $1.3M The second and third most expensive sales of the month were also at One57. A buyer paid $55.6 million for a 6,240-square-foot unit on the 85th floor and another paid $53 million for a 6,240-square-foot unit on the 84th floor. $53.0M One57, #84 157 West 57th Street 4 Bed, 4 Bath Approx 6,240 ft 2 ($8,486/ft 2 ) *CityRealty's Manhattan area market comprises the area south of 125th street on the West Side, and south of 96th street on the East Side. 2
Manhattan Condo Sales Summary 90-Day Total Sales by Region MIDTOWN 90-DAY PRICE AVG* SALES / PAST 90 DAYS 15% Upper West Side (161) $347M 33+5+37+15+10 37% Midtown (311) $1.2B 10% Upper East Side (190) $488M 33% Downtown (398) $1.1B 5% Financial District / BPC (147) $178M Midtown East Midtown West Murray Hill Turtle Bay/ United Nations DOWNTOWN Chelsea East Village Flatiron / Union Square Gramercy Park Greenwich Village Lower East Side Tribeca West Village SOHO UPPER WEST SIDE $1,716 / ft 2 (+19%) $2,387 / ft 2 (+1%) $1,459 / ft 2 (-14%) $1,133 / ft 2 (-11%) 90-DAY PRICE AVG* $1,706 / ft 2 (-3%) $1,652 / ft 2 (+2%) $2,188 / ft 2 (+6%) $1,797 / ft 2 (-13%) $1,815 / ft 2 (-6%) $1,100 / ft 2 (-13%) $1,883 / ft 2 (+13%) $2,265 / ft 2 (+1%) $1,928 / ft 2 (+7%) 90-DAY PRICE AVG* 19 110 51 24 SALES / PAST 90 DAYS 81 37 27 52 16 13 42 18 19 SALES / PAST 90 DAYS Avg Price / Ft 2 by Region Central Park West Lincoln Center Riverside Dr. / West End Ave. Broadway Corridor $2,317 / ft 2 (+14%) $1,725 / ft 2 (+3%) $1,564 / ft 2 (+1%) $1,520 / ft 2 (-1%) 43 25 38 45 $2,000 FINANCIAL DISTRICT / BPC 90-DAY PRICE AVG* SALES / PAST 90 DAYS AVG PRICE / FT 2 $1,800 $1,600 $1,400 $1,200 $1,000 $800 Battery Park City Financial District UPPER EAST SIDE Carnegie Hill Lenox Hill Park/Fifth Ave. to 79th St. Yorkville $1,169 / ft 2 (-2%) $1,229 / ft 2 (-3%) 90-DAY PRICE AVG* $1,421 / ft 2 (-35%) $1,547 / ft 2 (+3%) $2,396 / ft 2 (-8%) $1,230 / ft 2 (-4%) 25 74 SALES / PAST 90 DAYS 18 80 14 40 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 UPPER EAST SIDE MIDTOWN DOWNTOWN FINANCIAL DISTRICT / BPC *CityRealty's Manhattan area market comprises the area south of 125th street on the West Side, and south of 96th street on the East Side. 3
Historical Performance : Condo Price Trends Since 2004, the average price of Manhattan condos both new construction and resales has increased at the rate of 7.9% per year (CAGR), reaching $2,476,130 this year. Ten-Year Annualized Change in Price (CAGR) of All Manhattan Condos * $2.5M SALE PRICE $2.0M $1.5M +7.9% 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, 3.4%, 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 23.7%. 25% 20% % CHANGE 15% 10% 5% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 FIRST PURCHASE YEAR *CityRealty's Manhattan area market comprises the area south of 125th street on the West Side, and south of 96th street on the East Side. 4
Historical Performance : Selected Resales Of the 410 condo sales in Manhattan recorded between Dec. 1st and Dec. 31st, 204 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 Original Sale Year : 2004 Total Transactions : 15 Average CAGR : 5% Trump World Tower, 845 United Nations Plaza, #63D The Mandarin Oriental, 80 Columbus Circle, #75E 72 East 3rd Street,#5A 505 Greenwich Street,#5G The Strand, 500 West 43rd Street, #3F Leighton House, 360 East 88th Street, #20D Worldwide Plaza, 350 West 50th Street, #2B Beekman East, 330 East 49th Street, #14E Original Sale Year : 2005 Total Transactions : 16 Average CAGR : 4% Tower 58, 58 West 58th Street, #14C Sutton Manor, 411 East 53rd Street, #3M The Grand Beekman, 400 East 51st Street, #6C Liberty House, 377 Rector Place, #20A The Parc Vendome, 350 West 57th Street, #9D The Lausanne, 333 East 45th Street, #21B 302 West 12th Street, #9D Central Park Place, 301 West 57th Street, #37E Original Sale Year : 2006 Total Transactions : 18 Average CAGR : 3% 7 Essex Street, #9 555 West 23rd Street, #N8M Greenwich Place, 120 Greenwich Street, #4J 455 Main Street, #16L The Dietz Lantern Building, 429 Greenwich Street, #2C The Horizon, 415 East 37th Street, #14G The Orion, 350 West 42nd Street, #50E Kips Bay Towers, 330 East 33rd Street, #3-L Original Sale Year : 2007 Total Transactions : 33 Average CAGR : 2% Greenwich Club, 88 Greenwich Street, #2104 South Star, 80 John Street, #10G 715 Park Avenue,#11E Atelier, 635 West 42nd Street, #26F Morgan Lofts, 11 East 36th Street, #601 1 Morton Square, #4D W Five Nine John Lofts, 59 John Street, #PH1 3 Lincoln Center, 160 West 66th Street, #35G Original Sale Year : 2008 Total Transactions : 33 Average CAGR : 3% 357 West 12th Street, #2E Worldwide Plaza, 350 West 50th Street, #PH3D Kips Bay Towers, 330 East 33rd Street, #3-K Millennium Tower Residences, 30 West Street, #32E Sterling Plaza, 255 East 49th Street, #15 E Avery, 100 Riverside Boulevard, #31A The Platinum, 247 West 46th Street, #4103 Avant, 245 West 19th Street, #8S SQUARE FEET 1,589 ft² 1,561 ft² 704 ft² 722 ft² 675 ft² 1,388 ft² 670 ft² 855 ft² 1,372 ft² 800 ft² 1,046 ft² 645 ft² 1,165 ft² 580 ft² 837 ft² 865 ft² 1584 ft² 692 ft² 496 ft² 529 ft² 2400 ft² 930 ft² 778 ft² 855 ft² 616 ft² 998 ft² 890 ft² 1,024 ft² 1,014 ft² 1,750 ft² 1,856 ft² 1,291 ft² 714 ft² 1,192 ft² 725 ft² 1,526 ft² 1,000 ft² 1,053 ft² 1,308 ft² 1,128 ft² FIRST SALE Apr 02, 2004 ($1,654,656) May 18, 2004 ($2,952,925) Oct 05, 2004 ($650,000) Nov 30, 2004 ($575,311) Feb 02, 2004 ($452,000) Mar 31, 2004 ($1,145,000) Jan 13, 2004 ($418,782) Sep 21, 2004 ($692,000) Mar 21, 2005 ($1,475,000) Dec 21, 2005 ($705,000) Sep 22, 2005 ($1,100,000) Apr 12, 2005 ($717,000) Sep 28, 2005 ($995,000) Jul 29, 2005 ($659,000) Jul 06, 2005 ($1,501,000) May 20, 2005 ($935,000) Sep 08, 2006 ($1,659,000) May 31, 2006 ($733,140) Aug 25, 2006 ($538,654) May 03, 2006 ($451,230) Jun 28, 2006 ($3,375,000) Aug 11, 2006 ($910,000) Oct 16, 2006 ($832,419) Dec 18, 2006 ($795,000) Sep 24, 2007 ($941,881) Apr 20, 2007 ($930,425) Feb 02, 2007 ($1,500,000) May 15, 2007 ($1,211,717) Apr 26, 2007 ($1,025,000) Feb 28, 2007 ($2,650,000) Nov 29, 2007 ($2,443,800) Aug 28, 2007 ($2,078,000) Feb 01, 2008 ($950,000) Oct 14, 2008 ($1,275,000) Jun 16, 2008 ($881,783) Jul 08, 2008 ($1,725,000) Sep 11, 2008 ($1,030,000) Aug 15, 2008 ($1,428,956) Dec 11, 2008 ($2,392,887) Nov 25, 2008 ($1,540,103) MOST RECENT SALE Dec 22, 2014 ($3,000,000) Dec 29, 2014 ($7,250,000) Dec 10, 2014 ($900,000) Dec 23, 2014 ($1,230,000) Dec 03, 2014 ($735,000) Dec 30, 2014 ($1,925,000) Dec 16, 2014 ($827,500) Dec 02, 2014 ($920,000) Dec 30, 2014 ($2,300,000) Dec 01, 2014 ($725,000) Dec 10, 2014 ($1,450,000) Dec 30, 2014 ($872,000) Dec 17, 2014 ($1,350,000) Dec 23, 2014 ($735,000) Dec 15, 2014 ($1,775,000) Dec 19, 2014 ($1,400,000) Dec 11, 2014 ($1,920,000) Dec 23, 2014 ($960,000) Dec 04, 2014 ($608,550) Dec 16, 2014 ($528,000) Dec 19, 2014 ($4,895,000) Dec 08, 2014 ($1,140,000) Dec 12, 2014 ($1,425,000) Dec 29, 2014 ($800,000) Dec 11, 2014 ($965,000) Dec 31, 2014 ($1,240,000) Dec 01, 2014 ($1,700,000) Dec 05, 2014 ($1,765,969) Dec 31, 2014 ($1,250,000) Dec 05, 2014 ($4,000,000) Dec 23, 2014 ($2,400,000) Dec 15, 2014 ($2,623,100) Dec 18, 2014 ($1,350,000) Dec 15, 2014 ($1,700,000) Dec 29, 2014 ($800,000) Dec 09, 2014 ($2,350,000) Dec 05, 2014 ($1,355,000) Dec 10, 2014 ($2,195,000) Dec 31, 2014 ($2,600,000) Dec 18, 2014 ($2,095,000) PRICE CHANGE $1,345,344 (+81.3%) $4,297,075 (+145.5%) $250,000 (+38.5%) $654,689 (+113.8%) $283,000 (+62.6%) $780,000 (+68.1%) $408,718 (+97.6%) $228,000 (+32.9%) $825,000 (+55.9%) $20,000 (+2.8%) $350,000 (+31.8%) $155,000 (+21.6%) $355,000 (+35.7%) $76,000 (+11.5%) $274,000 (+18.3%) $465,000 (+49.7%) $261,000 (+15.7%) $226,860 (+30.9%) $69,896 (+13.0%) $76,770 (+17.0%) $1,520,000 (+45.0%) $230,000 (+25.3%) $592,581 (+71.2%) $5,000 (+0.6%) $23,119 (+2.5%) $309,575 (+33.3%) $200,000 (+13.3%) $554,252 (+45.7%) $225,000 (+22.0%) $1,350,000 (+50.9%) -$43,800 (-1.8%) $545,100 (+26.2%) $400,000 (+42.1%) $425,000 (+33.3%) -$81,783 (-9.3%) $625,000 (+36.2%) $325,000 (+31.6%) $766,044 (+53.6%) $207,113 (+8.7%) $554,897 (+36.0%) CAGR % +5.7% +8.9% +3.3% +7.9% +4.6% +5.0% +6.4% +2.8% +4.7% +0.3% +3.1% +2.0% +3.4% +1.2% +1.8% +4.3% +1.8% +3.2% +1.5% +1.8% +4.5% +2.8% +6.9% +0.1% +0.3% +3.8% +1.6% +5.2% +2.6% +5.5% -0.3% +3.3% +5.3% +4.8% -1.5% +4.9% +4.5% +7.1% +1.4% +5.3% 5
Selected Resales, Cont. BUILDING, UNIT SQUARE FEET FIRST SALE MOST RECENT SALE PRICE CHANGE CAGR % Original Sale Year : 2009 Total Transactions : 12 Average CAGR : 7% Greenwich Club, 88 Greenwich Street, #1112 840 ft² Dec 30, 2009 ($760,000) Dec 29, 2014 ($1,150,000) $390,000 (+51.3%) +8.8% The Visionaire, 70 Little West Street, #19A 819 ft² Jul 07, 2009 ($997,885) Dec 19, 2014 ($1,205,000) $207,115 (+20.8%) +3.5% Madison Green, 5 East 22nd Street, #8H 611 ft² Jul 31, 2009 ($669,000) Dec 29, 2014 ($1,066,000) $397,000 (+59.3%) +9.1% Chelsea Modern, 447 West 18th Street, #P910A 3,950 ft² Mar 25, 2009 ($7,331,400) Dec 08, 2014 ($9,388,888) $2,057,488 (+28.1%) +4.5% Superior Ink, 400 West 12th Street, #3C 689 ft² Dec 01, 2009 ($925,000) Dec 15, 2014 ($1,360,000) $435,000 (+47.0%) +8.0% The Revere, 400 East 54th Street, #7D Centurion, 33 West 56th Street, #6C The Columbia, 275 West 96th Street, #7E Original Sale Year : 2010 Total Transactions : 21 Average CAGR : 6% 622 ft² 987 ft² 1,315 ft² Dec 21, 2009 ($479,713) Jul 22, 2009 ($3,000,000) Jan 23, 2009 ($1,150,000) Dec 03, 2014 ($685,000) Dec 02, 2014 ($2,650,000) Dec 16, 2014 ($2,225,000) $205,287 (+42.8%) -$350,000 (-11.7%) $1,075,000 (+93.5%) +7.5% -2.3% +12.0% Tribeca East, 19 Warren Street, #2W 1,620 ft² Mar 25, 2010 ($1,582,500) Dec 09, 2014 ($2,739,000) $1,156,500 (+73.1%) +12.5% The Chesterfield, 186 West 80th Street, #5C 400 ft² Jan 11, 2010 ($410,000) Dec 01, 2014 ($581,888) $171,888 (+41.9%) +7.5% The Lucida, 151 East 85th Street, #15E 2,480 ft² Mar 02, 2010 ($4,582,125) Dec 19, 2014 ($5,400,000) $817,875 (+17.8%) +3.5% CitySpire, 150 West 56th Street, #3108 1,433 ft² Jun 22, 2010 ($1,675,000) Dec 29, 2014 ($2,280,000) $605,000 (+36.1%) +7.1% The Clement Clarke, 140 West 22nd Street, #4C 872 ft² Sep 07, 2010 ($953,623) Dec 18, 2014 ($1,435,000) $481,377 (+50.5%) +10.1% 130 Water Street, #8B 1,266 ft² Aug 05, 2010 ($770,000) Dec 05, 2014 ($955,000) $185,000 (+24.0%) +5.1% Trump Place, 120 Riverside Boulevard, #12P 721 ft² Sep 14, 2010 ($630,000) Dec 30, 2014 ($1,070,000) $440,000 (+69.8%) +13.3% 108 Fifth Avenue, #2B Original Sale Year : 2011 Total Transactions : 15 Average CAGR : 8% 1,240 ft² Nov 22, 2010 ($1,400,000) Dec 22, 2014 ($2,175,000) $775,000 (+55.4%) +11.4% The Olcott, 27 West 72nd Street, #1608 732 ft² Jun 17, 2011 ($850,000) Dec 15, 2014 ($637,500) -$212,500 (-25.0%) -8.1% The Alexander, 250 East 49th Street, #12C 1,091 ft² Apr 13, 2011 ($1,349,181) Dec 01, 2014 ($1,810,000) $460,819 (+34.2%) +8.5% Dag Hammarskjold Tower, 240 East 47th Street, #16F 977 ft² May 26, 2011 ($1,035,000) Dec 17, 2014 ($1,250,000) $215,000 (+20.8%) +5.5% The Ansonia, 2109 Broadway, #5-160 904 ft² Feb 18, 2011 ($1,100,000) Dec 10, 2014 ($1,625,000) $525,000 (+47.7%) +11.0% L'Isola, 157 East 32nd Street, #15D 500 ft² Oct 28, 2011 ($480,000) Dec 15, 2014 ($660,000) $180,000 (+37.5%) +10.9% The Lucida, 151 East 85th Street, #14D 2,056 ft² Oct 26, 2011 ($3,566,375) Dec 31, 2014 ($5,000,000) $1,433,625 (+40.2%) +11.3% W New York Downtown, 123 Washington Street, #48G 708 ft² May 31, 2011 ($1,354,272) Dec 15, 2014 ($1,535,000) $180,728 (+13.3%) +3.6% Sky House, 11 East 29th Street, #22C Original Sale Year : 2012 Total Transactions : 20 Average CAGR : 14% 1,374 ft² Mar 15, 2011 ($1,693,000) Dec 19, 2014 ($2,375,000) $682,000 (+40.3%) +9.4% be@william, 90 William Street, #2A 1,033 ft² Dec 14, 2012 ($960,000) Dec 16, 2014 ($1,200,000) $240,000 (+25.0%) +11.8% Griffin Court, 800 Tenth Avenue, #3H 981 ft² May 08, 2012 ($1,054,800) Dec 01, 2014 ($1,425,000) $370,200 (+35.1%) +12.8% The Hubert, 7 Hubert Street, #3C 2,105 ft² Jun 22, 2012 ($3,475,000) Dec 15, 2014 ($4,400,000) $925,000 (+26.6%) +10.3% The Aldyn, 60 Riverside Boulevard, #3702 3,096 ft² Mar 20, 2012 ($6,443,431) Dec 17, 2014 ($8,825,000) $2,381,569 (+37.0%) +12.5% The Am. Ex. Carriage House, 60 Collister Street, #3A 5,416 ft² Jun 12, 2012 ($1,842,896) Dec 19, 2014 ($12,100,000) $10,257,104 (+556.6%) +112.3% "+Art", 540 West 28th Street, #9B 1,181 ft² Aug 10, 2012 ($968,420) Dec 04, 2014 ($1,900,000) $931,580 (+96.2%) +34.9% 520 West Chelsea, 520 West 19th Street, #6C 2,047 ft² Apr 27, 2012 ($3,175,000) Dec 18, 2014 ($4,100,000) $925,000 (+29.1%) +10.4% Clinton West, 516 West 47th Street, #N1A Original Sale Year : 2013 Total Transactions : 12 Average CAGR : 28% 676 ft² Sep 13, 2012 ($660,000) Dec 19, 2014 ($742,500) $82,500 (+12.5%) +5.4% The Mandarin Oriental, 80 Columbus Circle, #65E 1,427 ft² May 29, 2013 ($5,100,000) Dec 15, 2014 ($5,600,000) $500,000 (+9.8%) +6.4% The Spears Building, 525 West 22nd Street, #4B 1,196 ft² Nov 15, 2013 ($1,830,000) Dec 11, 2014 ($2,330,000) $500,000 (+27.3%) +27.3% Loft 25, 420 West 25th Street, #5G 1,578 ft² Feb 04, 2013 ($1,849,500) Dec 12, 2014 ($2,100,000) $250,500 (+13.5%) +7.2% The Impala, 404 East 76th Street, #5L 599 ft² Jun 07, 2013 ($605,000) Dec 23, 2014 ($690,000) $85,000 (+14.0%) +9.2% The Revere, 400 East 54th Street, #23E 842 ft² Aug 28, 2013 ($850,000) Dec 02, 2014 ($1,150,000) $300,000 (+35.3%) +27.4% The Setai Wall Street, 40 Broad Street, #26F 529 ft² May 31, 2013 ($590,000) Dec 23, 2014 ($650,000) $60,000 (+10.2%) +6.7% Milan, 300 East 55th Street, #21D 1,480 ft² Jan 03, 2013 ($2,200,000) Dec 23, 2014 ($2,665,000) $465,000 (+21.1%) +10.5% 30 East 85th Street, #4E 1,239 ft² Sep 24, 2013 ($2,260,000) Dec 17, 2014 ($2,700,000) $440,000 (+19.5%) +16.5% 6
CITYREALTY MONTHLY MARKET REPORT February 10. 2015 Historical Performance : Featured Resales The graphs below highlight the price trends for five December resales, showing the rate of growth and aggregate price change between the first time each sold and the most recent sale. The Rushmore, #33CD 80 Riverside Boulevard $8.1M $10.0M +10.8% 133 West 22nd Street, #7E $3.2M ANNUAL GROWTH RATE (4 YRS)* $7.5M +$3,074,529 AGGREGATE PRICE CHANGE $4.0M 2003 04 05 06 07 08 09 10 11 12 13 14 CLOSING HISTORY: Dec 09, 2014 $8,100,000 Mar 17, 2010 $5,025,471 +6.0% ANNUAL GROWTH RATE (6 YRS)* $3.0M +$929,580 AGGREGATE PRICE CHANGE 2003 04 05 06 07 08 09 10 11 12 13 14 CLOSING HISTORY: Dec 12, 2014 $3,170,000 Dec 22, 2008 $2,240,150 Dietz Lantern Building, #2C 429 Greenwich Street $4.9M $5.0M +4.5% ANNUAL GROWTH RATE (8 YRS)* $4.0M +$1,520,000 AGGREGATE PRICE CHANGE 2003 04 05 06 07 08 09 10 11 12 13 14 CLOSING HISTORY: Dec 19, 2014 $4,895,000 Jun 28, 2006 $3,375,000 The Hubert, #3C 7 Hubert Street $4.4M $6.0M +9.8% ANNUAL GROWTH RATE (10 YRS)* $3.0M +$2,719,888 AGGREGATE PRICE CHANGE 2003 04 05 06 07 08 09 10 11 12 13 14 CLOSING HISTORY: Dec 15, 2014 $4,400,000 Sep 09, 2004 $1,680,112 Trump Tower, #33A 721 Fifth Avenue $3.6M $4.0M +10.2% ANNUAL GROWTH RATE (11 YRS)* $2.0M +$2,425,000 AGGREGATE PRICE CHANGE 2003 04 05 06 07 08 09 10 11 12 13 14 CLOSING HISTORY: Dec 23, 2014 $3,600,000 Jun 19, 2003 $1,175,000 *The annual growth rate compares the first sale to the most recent sale. 7
CITYREALTY MONTHLY MARKET REPORT February 10, 2015 Notable New Listings $66.0M The Puck Penthouses, #PH1 Approx 12,399 ft2 5 Bed, 6+ Bath This 5-bedroom, 7.5-bathroom condominium in the Puck Penthouses will set a record as the most expensive unit to ever sell Downtown if a buyer pays the asking price of $66 million. The 7,241 ft2 duplex also an additional 5,158 ft2 of outdoor space. $18.9M 1020 Fifth Avenue, #7 Approx 4,700 ft2 5 Bed, 5.5 Bath This 5-bedroom, 5-bathroom prewar co-op is in a building designed by Warren and Westmore, architects of Grand Central Terminal. The living room has 13-foot ceilings, a wood-burning fireplace and views of Central Park and the Metropolitan Museum of Art. $10.8M 45 Greene Street, #6 2 Bed, 3 Bath This duplex penthouse loft is over 5,400 ft2, with two bedrooms, three bathrooms and terrace space that features an outdoor resistance swimming pool. $6.9M 101 Central Park West, #5E 3 Bed, 2 Bath This 3-bedroom, 2-bathroom unit in a prewar co-op has a 30-foot living room with a wood-burning fireplace and three windows overlooking Central Park. The master suite includes an office, walk-in closet, dressing area and a large master bath. $5.99M 388 Bridge Street, #PH53A Approx 2,371 ft2 4 Bed, 3.5 Bath This 4-bedroom, 3.5-bathroom penthouse is located on the 53rd floor of Brooklyn s tallest building. The interior boasts more than 2,300 ft2 and has three exposures facing south, east and west. The unit also has a private, 500 ft2 roof deck. 8
Snapshot Gina Gershon sold her duplex unit in 200 Eleventh Avenue for $8.2 million. Gershon and her partner Bobby Dekeyser, founder of outdoor furniture brand DEDON and subject of the biography Not for Sale!, purchased the $2,391-square-foot Chelsea pad in 2012 for $6.6 million. Famed sportscaster Marv Albert sold his sprawling penthouse at 150 Columbus Avenue for $13 million. Albert and his wife, former ESPN producer Heather Albert, originally purchased the 3,553-square-foot pad in 1996 for $2.39 million. Supermodel Tyra Banks listed her Nolita condo at 225 Lafayette Street, a historic Cass Gilbert-designed Beaux Arts building, for $3.8 million. Banks bought the two-bedroom pad back in 2005 for $2.1 million. The building is popular with celebs; actress Dakota Fanning currently resides there, and John Mayer sold his unit there for close to $4 million in 2013. I have the nice-dress closet. I have the gown closet. I have the shoe closet. I just love pretty Manolo Blahniks, Dr. Patricia Wexler. The high-profile dermatologist renovated her Upper East Side condo with space for her designer garb after a flood in the unit. -The New York Times Actress Michelle Williams sold her Boerum Hill townhouse for $8.8 million after listing it for $7.5 million in September. The corner home was the most expensive to ever sell in a Brooklyn neighborhood and its features include a three-car garage and a landscaped roof deck with a waterfall. 9
Gabby Warshawer, CityRealty Director of Research and Communications, welcomes any questions and comments regarding the New York City real estate market. She can be reached at GWarshawer@cityrealty.com or by phone at 212-209-8809. Visit us at www.cityrealty.com for more sales information. All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no property included in this report shall the number of bedrooms listed be considered a legal conclusion. 10