What do you think you might find at the high end of NYC’s residential market in Q2 2012? The answer might not be surprising– it’s mostly luxury co-ops in Manhattan, making up half of the top-10 priciest NYC homes sold in spring. What might surprise you instead is to find out that this quarter recorded the highest co-op sale Manhattan has ever seen–see it at #2.
The following list of luxury homes strengthens what was stated in this Wall Street Journal article, that there seems to be a ” growing confidence that New York luxury properties can provide a haven for wealth in a turbulent economy.”
Price: $70 million
The scoop: A record-breaking sale for Manhattan co-ops, this 8-bedroom, 10-bathroom duplex was sold in April to billionaire investor Howard Marks and his wife, Nancy. A look at the building’s tenant list makes you understand why this was named “the world’s richest apartment building” in Michael Gross’ book of the same title.
The scoop: Another stratospheric sale, for townhouses this time. The Standford White-designed single-family home sold in June, setting the record for 2012 townhouse buys.
Check out the rest of the homes that make up our top 10. Since 60% of transactions took place in June, we’re hoping to see more than the usual summer slowdown in the following months.
|Property address||Sale price||Property type|
|50 Central Park South #30/31, Manhattan||$70.000.000||Condo|
|740 Park Ave #1213, Manhattan||$52.500.000||Coop|
|973 5 Ave, Manhattan||$42.000.000||Single Family Home|
|884 5 Ave, Manhattan||$40.064.000||Coop|
|1030 Fifth Avenue #9W, Manhattan||$31.500.000||Coop|
|1033 Madison Ave #89BA, Manhattan||$24.500.000||Coop|
|15 Central Park West #37C, Manhattan||$23.350.000||Condo|
|88 Central Park W #8N & 9W, Manhattan||$19.500.000||Coop|
|100 Eleventh Avenue #23PH, Manhattan||$19.397.663||Condo|
|7 East 80 Street, Manhattan||$19.000.000||Single Family Home|