Resale at Legion’s UES Condos Scores Top Manhattan Contract

A penthouse at Victor Sigoura’s 109 East 79th Street snagged the top contract in Manhattan last week.
The 16th-floor condo, asking just under $35 million, was the priciest of 18 homes in the borough asking $4 million or more to land a buyer between June 30 and July 6, according to Olshan Realty’s weekly report.
The total was down from 28 deals inked in the previous period, though it was on par with the decade average of 19 during the week of the July 4th holiday.
The 6,500-square-foot apartment last traded three years ago to a shell company for $28 million. The five-bedroom, five-bathroom home hit the market last year with a $38 million asking price, which dropped roughly 8 percent in May.
It features a fireplace in the living room, a formal dining room, a library and two terraces.
The Modlin Group’s Adam Modlin had the listing.
The Upper East Side building was Sigoura’s first major project in Manhattan after he split from Naftali Group in 2016 to form his own development shop, Legion Investment Group. Amenities in the 31-residence building include doormen, a convertible squash and basketball court, gym and golf simulator.
Buyers at the building have included bankers Joseph and Ashley Rallo, who purchased a 19th-floor penthouse for $25.2 million in 2023. Joseph is the chief executive officer of EF Hutton, the firm credited with helping President Donald Trump launch Truth Social, according to Crain’s New York.
The couple listed their apartment for $32.5 million less than a year after buying it, though it’s since been pulled from the market.
The second most expensive home to enter contract was a condo at Extell Development’s Central Park Tower, with an asking price just under $19 million. Gary Barnett initially sought roughly $23 million for the 3,400-square-foot unit when it hit the market in 2018.
Unit 62E has three bedrooms and three bathrooms. It also features a corner living room with 11-foot ceilings and views of Central Park.
An in-house team at Extell and Corcoran Sunshine are behind sales at the Billionaires’ Row tower. Amenities in the building at 217 West 57th Street include indoor and outdoor pools, a fitness center and dining facilities.
Of the 18 properties, 13 were co-ops, four were condos and one was a townhouse.
The homes’ combined asking price was $178 million, for an average price of $10 million and a median of $6.6 million. The typical home spent more than 980 days on the market and was discounted 9 percent from the original listing price.
Read more

Manhattan’s luxury market nabs a banner June

Cash deals hit record high in Manhattan’s strong second quarter

Wealthy buyers splurged on Manhattan condos in Q2