The Most Expensive New York City Homes Sold in June


New York City’s biggest transactions so far this year closed in June, with an anonymous buyer paying $157.5 million in total for two full floors at the ultraexpensive 220 Central Park South.

The purchaser, whose identity was shielded by the limited liability company Chancery Lane, bought the 60th floor for $82.5 million and the unit above for $75 million, according to city property records, presumably to combine. Both were resales.

Also at the limestone skyscraper, situated near Columbus Circle in Midtown: A sponsor apartment on the entire 67th floor was acquired for $59.5 million, and a half-floor unit on the 36th floor, another resale, sold for $23 million.

All the resales at the nearly sold-out condominium complex — four have closed to date — were bought for more than their original purchase prices, a clear indication that the apartments there can hold their value (and then some), even during a pandemic. (The first resale, in May, sold for 23 percent more.) The same can’t be said for some other high-end buildings, like One57, the glassy-blue high-rise at 157 West 57th Street on billionaires’ row, where units have been selling at deep discounts from the original purchase price.

“It’s likely because of construction quality and proximity directly to Central Park,” said the appraiser Jonathan J. Miller of the resale at 220 Central Park South. “The development is more about Central Park than it is ‘billionaires’ row.’”

Other notable June closings took place downtown. In Greenwich Village, the estate of Bruce Davis, a personal injury lawyer and the TV pitchman for 1-800-LAWYERS, sold his townhouse. And Steve Ells, the founder of Chipotle Mexican Grill, sold his penthouse to the Swiss chef Daniel Humm. In SoHo, the hotelier André Balazs finally found a buyer for his apartment.

On the Upper West Side, the actor and singer Patina Miller and her husband, David Mars, a venture capitalist, bought a brownstone. The actor Cynthia Nixon and her wife, Christine Marinoni, a prominent activist, purchased a townhouse in Kips Bay.

And in another of the month’s over-$50 million transactions, the real estate investor David Levinson and his wife, Simone Levinson, sold their townhouse near Central Park on the Upper East Side.

At 220 Central Park South, each of the three full-floor apartments sold in June encompass 5,935 square feet and feature four bedrooms, five full bathrooms, two powder rooms and two 48-square-foot balconies, according to the latest offering plan. The priciest of these units, No. 60, also came with a 545-square-foot studio on the 18th floor.



Source link Real Estate

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