Penthouses priced at $45 million and $39 million were the top Manhattan luxury home deals for the week ending Nov. 17, according to Olshan Realty’s Weekly Luxury Report. A total of 37 deals were signed for properties valued at $4 million or more.
Whether you’re refining your business model, mastering new technology, or finding a strategy to take advantage of the next market boom, Inman Connect New York prepares you to take a bold step. The next chapter is about to begin. Please join us. Join us and thousands of other real estate leaders from January 22-24, 2025.
Penthouses owned by Russian billionaires and newly developed condominiums in the West Village led luxury sales in Manhattan for the week ending Nov. 17, according to Olshan Realty’s weekly luxury market report.
Unit PH11 at 140 Jane Street was the most expensive property to secure a buyer between November 11 and November 17, 2024, with an asking price of $45 million.
A total of 37 contracts worth more than $4 million were signed in Manhattan this week, which was just two fewer than the previous week. Weekly asking price sales of luxury goods reached $364.68 million, the highest in the borough since December 20-26, 2021.
Participate in the November INMAN Intel Index Survey
The penthouse unit is approximately 5,650 square feet and includes 5 bedrooms and 5.5 bathrooms. The living and dining areas have 11-foot ceilings and views of the Hudson River. The spacious primary bedroom suite has a private balcony, and stairs from the penthouse provide access to a 1,697-square-foot terrace with hot tub. Building amenities include a doorman, driveway, automated parking, lounge, fitness room, lap pool, and hot tub.
The sale at 140 Jane Street is being led by Corcoran Sunshine and Tara Kingbrown. The project is scheduled to be completed next year.
The 14-unit building has seen strong sales in recent months, with a $40 million sixth-floor unit finding a buyer in late October and a $23 million unit securing a buyer in September.
The second most expensive property under contract was a penthouse at 15 Central Park West owned by Russian billionaire Valery Kogan and his wife Olga Kogan, co-owners of Moscow’s Domodedovo Airport. Ta. The property was first listed last year for $65 million when it hit the market in April 2023, but was recently asking a not-so-high price of $39 million. Douglas Elliman’s Adam Rothman held the listing.
The 5,398-square-foot unit features four bedrooms and 3.5 bathrooms, as well as a great room with views of Central Park, a dining room, and an office. According to The Real Deal, the sale was prompted by a UCC foreclosure lawsuit filed by Miami-based Rock Lending alleging default on $4.2 million in loan payments.
A company connected to the Kogans secured a $38 million loan using the property at 15 Central Park West and two other rooms at the couple’s Plaza Hotel, which they bought in 2007 for $26 million. was working together.
Mr. Kogan has been looking to sell a number of properties starting around 2022, including properties in Greenwich, Connecticut and Israel.
Most of the properties that went under contract during the week were condos, with a total of 26 condos, nine co-ops and two townhouses finding buyers. The average asking price for properties was $9.86 million, and the median asking price was $6.4 million. The average discount from original asking price to final asking price was 14%, and properties were on the market for an average of 765 days.
Get Inman’s premium lenses newsletter delivered straight to your inbox. A weekly magazine that delves deep into the world’s biggest news in luxury real estate, delivered every Friday. Click here to subscribe.
Email Lillian Dickerson
