Manhattan’s luxury market rebounded last week following a lull in inked deals.
Buyers signed 22 contracts for homes in the borough asking $4 million or more between Aug. 4 and Aug. 10, up from just nine in the previous period, according to Olshan Realty’s weekly report.
Leading the charge was a penthouse at Aurora Capital Associates’ 140 Jane Street, which last asked close to $88 million. The condo, which Nikkie Field of Sotheby’s International told The Real Deal sold to an unknown buyer from a Zoom presentation, will span 9,500 square feet and include six bedrooms, seven bathrooms and a wraparound terrace overlooking the Hudson River.
If Unit PH8 closes at that price, it would set a new record for a Downtown Manhattan condo sale, surpassing a $60 million deal for a unit at 150 Charles, a $73 million deal for a townhouse on West 11th Street and Jeff Bezos’ purchase of a penthouse and two other apartments for $80 million.
Field brought the buyer, while the developer was represented by a Corcoran Sunshine team led by Tara King-Brown.
Aurora Capital has sold all but one of the 15 units at the building, which is scheduled to be completed in 2027. The condos snagged contracts at an average asking price of $5,600 per square foot. Amenities in the 11-story building include a doorman, port-cochere, lap pool and parking garage.
The second most expensive home to land a signed contract was an Upper East Side townhouse, with an asking price just under $45 million. The home at 10 East 67th Street, built in 1881, once belonged to financier and art collector Jules Bache in the late 19th and early 20th centuries.
The seven-story mansion last traded in 2006 for $29 million when investment banker Gerhard Andlinger and his wife Jeanne sold it to a buyer whose identity is shielded by an anonymous LLC. The 13,000-square-foot property was renovated 15 years ago.
It has seven bedrooms and 13 bathrooms and has an elevator, rooftop glass atrium and seven fireplaces.
Serhant’s Ryan Serhant and Melissa Post had the listing.
Of the 22 properties, 16 were condos, two were co-ops and four were townhouses.
The homes’ combined asking price was $283 million, for an average price of $12.9 million and a median of $5.9 million. The typical home spent more than 640 days on the market and was discounted 5 percent from the original listing price.
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Manhattan’s luxury contracts log late summer slump
Aurora Capital nabs buyer for $88M penthouse at 140 Jane Street
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