Sponsor deals at One High Line and 220 Central Park South capped a moderate week for Manhattan’s luxury market.
A 24th-floor unit at the Witkoff Group and Access Industries’ West Side development scored the priciest of 16 contracts signed ahead of the Labor Day weekend, according to Olshan Realty’s weekly report on properties asking $4 million or more. The total was less than the 22 deals inked in the previous period, though it was on par with the decade average.
West 24D at 500 West 18th Street last asked $14.5 million, an increase from the $14.2 million it initially sought when marketed off of floor plans in 2018. At the time, the building was branded as the XI and still controlled by developer HFZ Capital.
Witkoff and Access took over the project in 2021 after HFZ’s lender foreclosed on the property. As of February, the project had notched more than $1 billion in sales, including penthouses that traded for $49 million and $47 million in separate deals.
The 4,000-square-foot condo has four bedrooms and four bathrooms. It also features an open kitchen, floor-to-ceiling windows and views of the Hudson River. Amenities in the building include a fitness center, lap pool, garage and access to services at the adjacent Faena Hotel.
Corcoran’s Deborah Kern and Steve Gold are heading sales at the 236-unit building.
The second most expensive home to find a buyer was a condo at Vornado Realty Trust’s 220 Central Park South, with an asking price of $13.5 million. Unit 22C has two bedrooms, two bathrooms and a balcony facing Central Park.
Amenities in the Billionaires’ Row supertall include a fitness center, saltwater pool, private dining room and squash and basketball courts. Sales at the 117-unit building, which began roughly 10 years ago, have snagged record numbers, including the nation’s most expensive home sale — a $238 million penthouse purchased by Ken Griffin.
Corcoran’s Deborah Kern had the listing.
Of the 16 homes, 11 were condos, three were co-ops, one was a condop and one was a townhouse.
The properties’ combined asking price was $112 million, for an average price of $7 million and a median of $6.1 million. The typical home spent more than three years on the market and was discounted 15 percent from the original listing price.
