Real Estate

In a Quiet Month, More Big Sales at 220 Central Park South

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Several more apartments at the nearly sold-out 220 Central Park South closed in September, topping the list of sales in New York City in an otherwise quiet month for luxury real estate.

A sprawling unit on the 72nd floor of the Midtown tower sold for $63.1 million, while one on the 71st floor went for $62.6 million, and one on the 69th for $61.6 million. All three deals, though, had been under contract before the coronavirus surfaced and the presidential campaign began to heat up — both of which have led many potential buyers to remain on the sidelines.

The appraiser Jonathan J. Miller noted that sales activity had picked up since real estate restrictions were eased in the city this summer, “but remains short of year-ago levels due to Covid and the typical election-year slowdown from summer through Election Day.”

Among the other sizable transactions in September was a 72nd-floor apartment at 53 West 53rd Street, the recently opened sculptural tower adjoining the newly renovated Museum of Modern Art. The closing price was $29.9 million and it, too, was in contract long before the pandemic.


Credit…Karsten Moran for The New York Times

Credit…Alex Brandon/Associated Press

Also in Midtown, on Billionaires’ Row, Dr. Tomislav Mihaljevic, who runs the Cleveland Clinic health care system, bought an apartment at One57.

Downtown, there were two big townhouse purchases: a converted firehouse in the West Village and a fully overhauled house in Chelsea, each with a large garage.

At 220 Central Park South, there were four closings of sponsor apartments last month — the three full-floor aeries near the pinnacle of the tower and a smaller suite on the 19th floor. All sold for around their asking prices.

Each of the larger apartments encompasses 5,935 square feet and has four bedrooms, five full baths and two powder rooms, according to the latest offering plan. They also provide panoramic park and cityscape vistas, along with some outdoor space. The unit on the 72nd floor has a 126-square-foot balcony, while the one on the 71st has two balconies totaling 104 square feet, and the one the 69th has two 48-square-foot balconies.

The buyer for No. 72 was shielded by the limited liability company SASA 1; No. 71 used the L.L.C. 220 CPS Holdings; and No. 69 was listed as AEH Jay Corp., which is linked to the real estate firm Rialto Management Corporation.

The 19th-floor apartment, which measures 973 square feet, has one bedroom and one bath. It sold for $3.7 million to the DCJ220CPS Trust.

The 117-unit, limestone condominium, near Columbus Circle, is more than 90 percent sold, according to the most recent earnings briefing from the developer, Vornado Realty Trust; it’s unclear how many of the remaining units are currently in contract.

The complex, which also includes a villa building adjacent to the main tower, opened in late 2018. Last year it set the record for the nation’s most expensive single residence when the hedge fund manager Kenneth C. Griffin paid nearly $240 million for four unfinished floors in the tower.

ImageThe condominium tower at 53 West 53rd Street had one of its biggest closings since it opened earlier this year, with the sale of the 72nd-floor apartment for $29.9 million.
Credit…Mary Altaffer/Associated Press

A few blocks away, the skyscraper at 53 West 53rd Street, between Fifth Avenue and Avenue of the Americas, had one of its biggest closings since opening earlier this year, with the sale of the 72nd-floor apartment. The buyer — identified as the MoMA Condo Trust, based in Chicago — managed to get about a $4 million discount from the nearly $33.6 million asking price.

The 4,362-square-foot apartment has three bedrooms, three and a half baths, and views of Central Park and beyond, according to the listing with the Corcoran Sunshine Marketing Group.

The slim, 82-story condominium, designed by the French architect Jean Nouvel, offers a host of amenities, including some of the world’s greatest art pieces next door and in galleries at the building’s base, courtesy of MoMA.

Dr. Mihaljevic, along with Anna Weaving, paid $6 million for a 56th-floor apartment at the blue-glass condo at 157 West 57th Street, once the city’s most expensive condominium. The closing price, though, was $4 million less than what the seller, identified only as CM157 LLC, bought it for brand-new in 2014.

The 2,009-square-foot apartment has two bedrooms and two and a half baths, plus views of the Hudson River.

Dr. Mihaljevic, whose primary home is in Cleveland, took over as chief executive and president of the Cleveland Clinic in 2019.

The biggest townhouse sale was the converted firehouse at 78 Morton Street. It sold for $19.9 million — below the $21.8 million asking price from a year ago.

The red brick house, a quick stroll from Pier 45 at Hudson River Park, is 25 feet wide and four stories high, with a finished lower level. The interior comprises 7,281 square feet, with three bedrooms, four full baths and two powder rooms, according to the listing with Leslie J. Garfield. There is also ample outdoor space, including two 25-by-40-foot terraces, one beyond a spacious eat-in kitchen and another off a bedroom on the top floor. The home also has a gym with a sauna, an entertainment room and a four-car garage.

The building was erected in 1864 and served as home for the Howard Engine Company No. 34, a volunteer firefighting squad known as “Red Rover,” according to the Greenwich Village Society for Historic Preservation. It eventually became part of the New York City Fire Department, but was decommissioned in 1975 amid the city’s financial crisis.

The Chelsea manse, at 357 West 17th Street, between Eighth and Ninth Avenues, sold for just under $15 million, an enormous reduction from its $38.6 million price tag three years ago. The anonymous buyer used the limited liability company 357 West 17th St. in the transaction.

The five-story, 11,000-square-foot building is 25 feet wide and contains five bedrooms and 12 bathrooms (six full baths and six powder rooms), as well as a terrace off the large kitchen and a fifth-floor home office/den.

The house was once the home of the industrial designer Karim Rashid. He sold it in 2014 for nearly $9.4 million to Girona Ventures and Wonder Works Developers, who then fully renovated the property and added amenities. Among them, according to the listing with Nest Seekers International: an infinity pool, sauna, wine cellar, and roof deck with a hot tub. There’s also a two-car garage with a motorized lift (at one time, Girona and Wonder Works offered to fill it with a Bentley to sweeten the deal).

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