The end of the year is a time to summarize and reflect.
Before late-in-the-year residential sales, however, things were looking considerably less rosy compared to 2017 thanks to the slowdown in the new development market and bankruptcies of large market players.
Although, this year’s top 10 New York residential sales added up to $566.19 million, compared to last year’s total of $552.9 million.
Still, we see familiar names of new development buildings, that hit the list in 2017, including 432 Park Avenue, One57 And 443 Greenwich Street. But also two of ten sales, including the biggest-ticket, came from 520 Park Avenue by Zeckendorf Development’s, that started sales just this September.
Finally, here are 2018’s top residential deals in New York City:
1. 520 Park Avenue, DPH60 | $74 million
Founder of vacuum cleaner empire – James Dyson closed a $74 million penthouse at 520 Park Avenue in November. The billionaire’s apartment spans 9,000 square feet and features six bedrooms and a 279-square-foot terrace.
Other reported buyers include banker Ken Moelis, UFC billionaire Frank Fertitta, Bob Diamond and former CEO of Barclays.
520 Park Avenue
2. 9-13 East 75th Street | $74 million
Russian oligarch Roman Abramovich handed his ex-wife, Daria Zhukova, the keys to his megamansion for $74 million this September. The parcels, 9-15 East 75th and 225 East 73rd Street, sold for $91.4 million total.
9-13 East 75th Street
3. 432 Park Avenue, Unit 77A and 77B | $64 million
An unknown buyer spent $64 million for two adjacent units at 432 Park Avenue in April. The half-floor condos, on the 77th floor, had been listed separately by early investors at Macklowe Properties skyscraper. Unit 77A, closed for $19.6 million in 2016, was listed for $23 million. Unit 77B, bought for $39.26 million in 2016, was listed for $45 million.
432 Park Avenue
4. 520 Park Avenue, DPH52 | $62 million
Investment banking billionaire Ken Moelis closed on his $62 million penthouses at 520 Park Avenue in November — joining a list of super-rich buyers in the 35-unit condominium. Saudi money secured him 9,200 square feet duplex with a private elevator between the levels. It’s one of six duplexes at the Robert Stern-designed building.
5. The Getty, PH | $59.1 million
Robert F. Smith, Chief Executive Officer of San Francisco-based Vista Equity Partners, bought the $59 million
triplex at the Getty this April. This transaction set a new price record for Downtown Manhattan.
Smith, the chairman of the Carnegie Hall board, paid $6,000 per foot for the penthouse, on the top floors of the building designed by famous Peter Marino. The penthouse has 2,700 square feet of outdoor space with a private pool and two great rooms, one with 22-foot floor-to-ceiling windows.
The Getty
6. 70 Vestry Street, PH | $56 million
Italian telecom entrepreneur Silvio Scaglia shucked out $56 million for a penthouse at 70 Vestry Street in Tribeca.
The top unit of the RobertStern-designed building, has five bedrooms, a solarium, wet bar, and 2,000-square-foot roof deck. Related’s chairman Stephen Ross also owns a $6.9 million condo in the building.
70 Vestry Street
7. One57, Unit 85 | $54 million
Canadian billionaire Lawrence Stroll sold his 85th-floor condo at One57, which he sold for $54 million this Spring. Stroll, an investor who helped mastermind the Michael Kors IPO in 2011, had listed the pad for $70 million, later dropping the price to $59 million.
According to the records, the mystery buyer of Stroll’s apartment used a shell corporation to buy the apartment, which measures 6,240 square feet.
Previously, we mentioned One 57 in our post about top new development marketing ideas.
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One57
8. 15 Central Park West | $50 million
Karen Lo – Vitasoy (Asian beverage company) heiress, struck a deal in April to buy Sting’s apartment at 15 Central Park West.
The two-level co-op, which spans 5,400-square-feet on the 16th and 17th floors, has four bedrooms and two spiral staircases. Interesting that Sting is reportedly among the list of buyers at 220 Central Park South, another Vornado building, designed by Robert Stern, with a $250 million penthouse.
15 Central Park West
9. 443 Greenwich, Penthouse A | $43.8 million
The founder of Jet.com Marc Lore joined the team of star owners at 443 Greenwich Street when he spent $43.79 million for a penthouse in April. But unlike most of his celebrity neighbors, the tech entrepreneur got the star treatment: a $14.2 million discount.
The triplex, which spans 8,569 square feet, has five bedrooms and comes with an outdoor pool. Developed by Metro Loft Management, the 1880s “paparazzi-proof” building has attracted the likes of Jennifer Lawrence, Justin Timberlake, Jake Gyllenhaal, Harry Styles, and Ryan Rainolds. The Weeknd and Bella Hadid signed a lease agreement in the same building just a month ago.
443 Greenwich
10. 160 Leroy Street | $43.5 million
Billionaire Michael Rubin — co-owner of Philly’s 76ers and the New Jersey Devils — paid $43.5 million
penthouse at 160 Leroy Street in Greenwich Village. The CEO of
Kynetic, the company that owns retailers like Rue La La, closed on the apartment in July, according to records.
The building had a single, grand penthouse fording 12,000 square feet and asking between $75 million and $80 million. But the developer split the floor into two condos in 2016 as the market began to change. Rubin’s unit is Penthouse North, which spans 7,750 square feet and has five bedrooms and four wood-burning fireplaces. It also has a 5000-square-foot roof terrace with almost 30-foot pool and outdoor kitchen.
160 Leroy Street
