Highest and lowest priced closed sales for Manhattan Apartments (Week of Feb 9, 2020)
The highest recorded closed price on a Manhattan apartment last week was unit 3-B at 443 Greenwich Street, the celebrity-fueled condo between Vestry Street and Desbrosses Street in Tribeca.
The 3,454 SF three-bedroom loft sold for $10.3 million, just under $3,000 per square foot. It first hit the market in April 2019 for $11.95 million, nearly 14% above the eventual closing price. Tall ceilings, arched windows, wooden beams and expansive living spaces are hallmarks of these much desired homes.
The landmarked 443 Greenwich Street was built as a book bindery in 1882 and converted to 53 luxury condos in 2014. It is a full service building that also offers multiple amenities including a private underground motor court, a 5000 SF landscaped roof deck, a central courtyard, fitness center with Turkish bath and sauna and an indoor lap pool.
A bit more modest was the sale of apartment 805, a one-room studio at 320 East 42nd Street, in Tudor City, the pre-war enclave across from the United Nations. At a recorded price of $310,000, this was the lowest priced sale last week for a Manhattan apartment. The per square foot price was about $1000 given a best estimate of 310 square feet.
The apartment features casement windows, tall beamed ceilings and wood plank floors. There is an open kitchenette.
The co-op was introduced to the market in September 2019 for $321,000. It took 22 weeks to close with a small nudge of 3.4% off the original ask.
Apartment 805 is located in Woodstock Towers, the tallest building in the Tudor City complex at 32 floors. Originally built as a hotel by the Fred F. French Company in 1929, the property was converted to co-operative ownership in 1980. The building predominantly consists of studio and one-bedroom residences. There is a 24/7 lobby concierge.