10 of the Most Expensive Manhattan, New York City Homes Sold in 2013 – The Pinnacle List

10 of the Most Expensive Manhattan, New York City Homes Sold in 2013

10 of the Most Expensive Manhattan, New York City Homes Sold in 2013

In the city that never sleeps, the Manhattan real estate market continues climbing with foreign investors pushing the median sale prices of new luxury homes up by +72 % to $7.85 million in the last year, up from $4.56 million in the last quarter of 2012. Predictions of a slowdown in 2013 failed to materialize with all sectors of the market showing strong activity, with the most forth quarter sales in at least 25 years and the lowest inventory in 14 years.

There has been huge investment from all over the world with international buyers accounted for around a third of sales above $3 million in New York. The burst in sales activity has caused absorption levels in New York to continue to be high, creating a strain on available inventory, which in turn is putting upward pressure on prices making the city’s real estate market even more attractive as a wealth creation asset.

Global property investment is increasingly driven by a desire to gain exposure to price appreciation momentum from economic recovery and this key narrative has made New York’s prime luxury real estate market one of the most favored destinations for international HNWI safe haven capital inflows.

The upper echelon of the New York City luxury real estate market is driven by an elite segment of extremely affluent super-rich buyers that include both domestic and international billionaires, and not quite billionaires, driven by lifestyle choices and investment opportunities. This is a market segment that has the resources to regard top-tier super-prime luxury trophy properties in the city, as affordable.

Here is our top 10 list of the most expensive Manhattan, New York City homes sold in 2013:

1. $43 Million – 144 Duane Street, New York, NY 10007

Sold in 2013 for $43 Million - 144 Duane Street, New York, NY 10007
Property TypeTownhome
Bedrooms8
Bathrooms10
Levels6 storey + 2 basement levels
Size23,100 sq. ft.
List Price$49.5 million
SellerPrivate Investor
Sold Price$43 million
Date SoldDecember 2013
BuyerDuane Street LLC

2. $42 Million – 18 Gramercy Park South, New York, NY 10003

Sold in 2013 for $42 Million - 18 Gramercy Park South, New York, NY 10003
Property TypeDuplex Penthouse Condo PH17 – 18 Gramercy Park
Bedrooms5
Bathrooms5 baths / 2 powder
Levels2 levels – 17th + 18th floors
Size6,300 sq. ft.
List Price$42 million
SellerArthur and William Zeckendorf – Developers
Sold Price$42 million
Date SoldSeptember 2013
BuyerLeslie Alexander – Billionaire Owner of the Houston Rockets NBA team
Condo Fees$19,407/month

3. $35 Million – 19 East 70th St, New York, NY 10021

Sold in 2013 for $35 Million - 19 East 70th St, New York, NY 10021
Property TypeTownhome – Morris Mansion
Bedrooms8
Bathrooms7
Levels7 storey
Size17,000 sq. ft.
List Price$38 million
SellerPrivate Investor
Sold Price$35 million
Date SoldOctober 2013
BuyerChristian Candy – Developer of London’s One Hyde Park

4. $34.4 Million – 21 Beekman Place, New York, NY 10022

Sold in 2013 for $34.4 Million - 21 Beekman Place, New York, NY 10022
Property Type Townhome – Ellen Biddle Shipman House
Bedrooms6
Bathrooms5 baths / 5 half baths
Levels6 storey
Size7,226 sq. ft.
List Price$48.5 million
SellerEstate of Peter Novello – Financier
Sold Price$34.4 million + $650,000 for existing furnishings
Date SoldJune 2013
BuyerSheikh Hamad bin Jassim bin Jaber Al Thani – Qatari Prime Minister

5. $32 Million – 41 East 70th St, New York, NY 10021

Sold in 2013 for $32 Million - 41 East 70th St, New York, NY 10021
Property Type Townhome – Walter N. Rothschild Mansion
Levels6 storey
Size11,256 sq. ft.
List Price$40 million
SellerLeroy Schecter – Chairman of steelmaker Marino/Ware Industries
Sold Price$32 million
Date SoldDecember 2013
BuyerBrightstar Renovations LLC

6. $29.8 Million – 607 Hudson St, New York, NY 10014

Sold in 2013 for $29.8 Million - 607 Hudson St, New York, NY 10014
Property Type Apartment Condo #9 – The Abingdon
UnitUnit #9 + #7 Combined into one unit
Bedrooms7
Bathrooms8
Levels3
Size8,500 sq. ft. aggregate
List Price$30 million
SellerFlank Development
Sold Price$29.8 million
Date SoldMay 2013
BuyerAbingdon Property LLC

7. $29 Million – 15 Central Park West, Apt 33D, New York, NY 10033

Sold in 2013 for $29 Million - 15 Central Park West, Apt 33D, New York, NY 10033
Property Type Apartment Condo #33D
Bedrooms3
Bathrooms4
Levels1
Size3,173 sq. ft.
List Price$31.5 million
SellerZachary Jared Schreiber – Chairman of PointState Capital hedge fund
Sold Price$29 million
Date SoldAugust 2013
BuyerMussik Capital LLC
Condo Fees$5,674/month

8. $27 Million – 12 East 76th St, New York, NY 10021

Sold in 2013 for $27 Million - 12 East 76th St, New York, NY 10021
Property Type Townhome
Bedrooms5
Bathrooms6 baths / 2 powder
Levels5 storey
Size7,056 sq. ft.
List Price$31.5 million
SellerLuca Orlandi (Founder of the Italian “Luca Luca” fashion brand) and Oluchi Onweagba (Nigerian-born supermodel and wife)
Sold Price$27 million
Date SoldMarch 2013
BuyerMou LLC

9. $26 Million – 45 East 74th St, New York, NY 10021

Sold in 2013 for $26 Million - 45 East 74th St, New York, NY 10021
Property Type Townhome
Bedrooms5
Bathrooms7 baths / 1 powder
Levels7 storey
Size9,000 sq. ft.
List Price$30 million
SellerValerio Morabito – Italian developer, film producer, art collector
Sold Price$26 million
Date SoldNovember 2013
BuyerZhang Xin – Billionaire CEO of Beijing real estate firm Soho China

10. $25 Million – 15 Central Park West, Apt 7C, New York, NY 10023

Sold in 2013 for $25 Million - 15 Central Park West, Apt 7C, New York, NY 10023
Property Type Apartment Condo #7C
Bedrooms3
Bathrooms3.5
Levels1
Size3,454 sq. ft.
List Price$30 million
SellerJeff Gordon – NASCAR
Sold Price$25 million
Date SoldOctober 2013
BuyerMossullo LLC
Condo Fees$7,221/month

In the tradition of Steve Jobs, we thought we would include just “one more thing” for good measure. So here is number 11 on our list of the most expensive New York City homes sold in 2013. We thought you might find it interesting because it includes a couple of billionaires exchanging millions.

11. $21 Million – 960 5th Ave, New York, NY 10037

Sold in 2013 for $21 Million - 960 5th Ave, New York, NY 10037
Property TypeDuplex Apartment Condo #10/11B
Bedrooms4
Bathrooms5.5
Levels2 levels – 10th + 11th floors
Size3,454 sq. ft.
List Price$24.5 million
SellerCharles Lazarus – Billionaire founder of Toys “R” Us
Sold Price$21 million
Date SoldAugust 2013
BuyerCarlos Rodriguez-Pastor – Billionaire Peruvian Financier
Condo Fees$11,682/month

While the metrics didn’t quite measure up to the fiscal cliff driven high-price frenzy of 2012, which saw some individual sales over the $50 million mark, brisk demand and megadeals drove the rarified Manhattan luxury condo market to surpass peak market figures from 2007 to set new all-time sales records in 2013.