Manhattan Sales: 220 CPS leads the charge with $36M sale; "The Doctors" host buys Chelsea Mercantile penthouse

220 Central Park South, home of the past week's top sale (Vornado Realty Trust)Manhattan Sales:

• From July 24-30, 2022, $574,655,728 worth of transactions across 306 condo, condop, and cooperative deals were recorded
• 147 condo sales came to an aggregate price of $381,857,561 and a median price of $1,697,500 ($1,830 per square foot)
• Five condop sales came to an aggregate price of $4,393,214 and a median price of $769,000
• 103 co-op sales came to an aggregate price of $188,404,953 and a median price of $999,950

In a stretch of Billionaires’ Row dominated by glassy supertalls, 220 Central Park South stands out for its classic limestone facade, exclusive tenant roster, and residents-only restaurant run by Jean-Georges Vongerichten. Ken Griffin’s $238 million purchase in the building remains the most expensive home sale in the country, and other high-priced sales have made it a fixture on top sales charts. It has also been a boon to developer Vornado Realty Trust ("Vornado") — a November 2020 article in The Real Deal noted that sales at 220 Central Park South kept Vornado comfortably in the black at a time when the economy was precarious and vaccinations were not yet available.

However, it remains to be seen how much longer that will last. An analysis in Crain’s New York Business found that for all the impressive sales, the building is still not sold out; of the 117 units originally marketed for sale, 107 have sold and closed, and only one sponsor unit sold in the first quarter of 2022. A slowing sales market may be keeping Vornado from marketing the remaining 10 units, which range from a two-bedroom to a three-bedroom penthouse.

220 Central Park South has not ranked among the top sales since January 2022, but is back on top this week with #54B, a three-bedroom, three-bath, 3,222-square-foot unit on the 54th floor that sold for $36,000,000 in what appears to be an off-market deal. The New York Post identified the buyer as Daryl Katz, founder of the Katz Group and owner of the Edmonton Oilers. The tabloid also notes that the unidentified seller bought the apartment from the sponsor for $26,219,938 in November 2019.The Shephard, #4C (Corcoran)The past week's top downtown sale and second-highest overall took place at The Shephard, a warehouse-turned-luxury condominium, where #4C sold for $12,600,000. Details of the building's past incarnation come through in the four-bedroom, four and a half-bath home's arched windows and barrel-vaulted ceilings. The buyer conducted the transaction through an LLC, and the seller is listed as John A.W. Werwaiss, a partner at developer Werwaiss Properties. Also last week, more than a year after putting their massive combination penthouse at The Gramercy on the market for $15,000,000, comedian/Tonight Show host Jimmy Fallon and his wife, film producer Nancy Juvonen, sold it to model/actress Cara Delevingne for $10,800,000 in an off-market deal. The penthouse comes with a key to Gramercy Park and has been customized with vintage wallpaper, a soundproof pantry, a hidden playroom under the custom staircase, and a "saloon room" with wet bar and gas fireplace. Mr. Fallon and Ms. Juvonen sold another unit in the building to the same trust for $950,000.220 Central Park South (Vornado Realty Trust)The Shephard, #4C (Corcoran)

From the Listing:
Apartment 4C at The Shephard, 275 West 10th Street, is a spacious four-bedroom home in the heart of the West Village. Designed for today’s modern living, this light-filled home with a gracious layout and elegant proportions features a corner living room nestled into the curve of the building’s original architecture and a south facing oversized eat-in kitchen. Situated on the desirable southwest corner of the building, all rooms are sunny and outward facing with views of tree lined streets as well as a partial Hudson River exposure from the living room. This unique residence has wonderful architectural details including 16 large, rounded windows and barrel-vaulted ceilings, beautifully proportioned rooms and superb separation of living spaces and bedrooms. Rarely available, this well-maintained apartment is move-in ready.

200 Amsterdam Avenue, #39A (Brown Harris Stevens)

From the Listing:
Accessed via a semi-private landing this three-bedroom, three and a half-bath condominium offers an elegant, modern plan and spectacular views of Central Park, the Manhattan skyline and Hudson River. A gracious foyer and gallery leads to the stunning corner living and dining area with 10’ ceilings, French white oak floors and soaring, floor to ceiling windows framing spellbinding views to the east and south. Innovative sliding glass panels allow for the option to have either an open or closed kitchen. Located on the southwest corner of the unit with sweeping views of the skyline and Hudson River, this spacious and airy eat-in kitchen is truly an extension of the home’s dramatic living areas. The primary bedroom and bath overlook Central Park and the skyline of Midtown Manhattan.

The Gramercy, #7BFR and #8/9BF (Evan Joseph for Sotheby's)5. Chelsea Stratus, 101 West 24th Street, #34C/E

Chelsea | Condominium | 5 beds, 4.5 baths | 3,280 ft²

Closing Price: $8,300,000 ($2,530 / ft²) | Last Ask: $8,995,000 ($2,646 / ft²) (-7.7%)Chelsea Stratus, #34CE (Reserve Partners)

From the Listing:
Iconic views in a layout that feels like a real home… enjoy 270-degree views of the city looking north at the Empire State Building, east at the Clocktower, or south to the Freedom Tower with a picturesque city stream of cars zipping up Sixth Avenue down below! Wake up to beautiful sunrises streaming in through over 70 feet of open views to the east. Sip coffee out on one of two balconies while watching the city come awake. This 3,400-square-foot home will check all your boxes. The space was combined predevelopment and currently offers two living areas, 3 bedrooms and 3.5 baths with each bedroom having its own en suite bathroom, two of the en suite bathrooms include a separate shower, soaking tub and two sinks. The apartment was previously configured as 5 bedrooms, 4.5 baths and could easily be converted back. There is also a private home office, a wet bar complete with two beverage fridges, an ice maker and separate Miele dishwasher.

Notable Sales

158 Lafayette Street, #TH Fashion photographer Terry Richardson has shot sexually explicit advertising campaigns for Tom Ford, Marc Jacobs, and Yves Saint Laurent, among many others, and has directed the likes of Beyonce, Lady Gaga, and Miley Cyrus (for "Wrecking Ball") in music videos. However, his work was overshadowed by accusations of sexual misconduct in the late 2010s, causing several brands and fashion magazines cut ties with him. Indeed, his most recent appearance in the headlines was when the New York Post announced that his Soho townhouse, which was built for FDNY Engine Company No. 55 in 1887, had found a buyer in an off-market deal. All we know about the buyer is that they are a fan of the Ghostbusters franchise - they were identified only as Peter Venkman Enterprises LLC.
The Chelsea Mercantile, 252 Seventh Avenue, #PH-C

Chelsea | Condominium | 3 beds, 3 baths | 2,227 ft²

Sales Price: $5,350,000 ($2,402 / ft²)
Last Ask: $5,750,000 ($2,582 / ft²) (-7%)The Chelsea Mercantile, #PH-C (Compass)In addition to sharing his plastic surgery expertise with multiple television shows and publications, Dr. Andrew Ordon serves as co-host of The Doctors, for which he was nominated for an Emmy. He practices in California and Dubai, but he and his wife Robyn have just bought a New York apartment at the Chelsea Mercantile.

From the Listing:
This collector-quality home with almost 90 feet of southern and western frontage was bought from the developer and this is the first time it is being actively listed in its history. Gut-renovated and re-imagined by esteemed architect Jared Della Valle, converted from its original 3-bedroom layout (easily restored), this penthouse has some of the most impressive light and views, the kind you’d experience mostly on a super-high floor of a high-rise. These perspectives are humanly scaled. Exquisite, classic contemporary millwork that appears as if it’s merely wood paneling conceals an impressive volume of storage within the apartment.

Grand Madison, #9E (Douglas Elliman)In 2020, noted dermatologist Dr. Philp Bruder founded Soho Hair MD, a downtown clinic specializing in non-surgical treatment of hair loss. More recently, he and his wife Lynn sold their NoMad apartment.

From the Listing:
Located in the beautiful Renaissance Revival Grand Madison on 5th Avenue directly on one of the best parks in the city, Madison Square Park, this elegant, meticulously renovated 1,819-square-foot corner apartment has two bedrooms plus den, that can easily be as a third bedroom, and stunning views of the Empire State Building. One of the coveted lines in the building that includes a private on-floor storage unit.

On entering, you are greeted with beautiful walnut hardwood floors lining a gracious foyer gallery perfect for displaying artwork. An abundance of natural light streams into the completely renovated, windowed kitchen designed by Dom Interiors with sophisticated glass cabinetry and equipped with Gaggenau oven, refrigerator, speed oven, and cooktop, an Italian imported sculptural oven hood, and Bosch dishwasher.

120 East 75th Street, #4C (Sotheby's International Realty)When Spy magazine co-founder/author Kurt Andersen and author Anne Kreamer sold their Cobble Hill townhouse earlier this spring, they announced that they would be moving to the Upper East Side. True to their word, they closed on a co-op just off Park Avenue.

From the Listing:
Apartment 4C has lovely pre-war details including hard wood floors and beamed ceilings but also high-tech modern conveniences such as a Crestron system and thermostat controlled through-wall air conditioning throughout. You enter into a gracious foyer which leads to an oversized south facing living/dining room with custom built-ins and wood burning fireplace. The expansive space not only allows for ample seating but also a dining table that easily accommodates eight. This space flows beautifully into the large library which also boasts custom millwork and strikes the perfect balance of chic and comfortable living.

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