realestate

Manhattan's priciest deal: $220M hedge fund exec buys 220 CPS condos

Luxury Manhattan real estate sees surge in high-end sales, including a $37.5M Billionaires' Row listing.

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high-end apartment on Billionaires' Row topped the luxury market in Manhattan last week, with a $37.5 million sale capping a busy start to December. According to Olshan Realty's weekly report, 34 homes priced at $4 million or more found buyers between Dec. 2 and Dec. 5, up from just 15 contracts signed the previous week. The total was boosted by the sale of Unit 55B at 220 Central Park South, a three-bedroom apartment purchased for $33 million in 2021 by WorldQuant founder Igor Tulchinsky.

    The unit spans 3,200 square feet and features a 35-foot living room, along with amenities like a motor court, saline pool, and squash court. Ryan Serhant of his eponymous brokerage had the listing. The second most expensive home to sell was 114 Waverly Place, a Greenwich Village townhouse asking just under $23 million.

    Built in 1836, the five-story home has five bedrooms, five bathrooms, and an elevator, as well as a garden, top-floor great room with a double-height ceiling, and rooftop terrace. Douglas Elliman's Christopher Riccio had the listing. The pending deal comes after a nearby megamansion set a new Downtown Manhattan record when it sold for $73 million in January.

    Among the 34 properties that changed hands last week, 21 were condos, six were co-ops, two were condops, and five were townhouses. The combined asking price was $317 million, with an average price of $9.3 million and a median of $7.6 million. The typical home spent nearly 570 days on the market and was discounted 8 percent from its original listing price.

$220M hedge fund exec buys Manhattan's 220 CPS condos in record deal.