Here are Manhattan’s 10 best-selling residential buildings in Q2 2022

Posted On Tue, August 2, 2022 By

Posted On Tue, August 2, 2022 By In CityRealty, Manhattan, real estate trends

The second quarter of 2022 is expected to be Manhattan’s strongest on record due to a surge in the borough’s ultraluxury market, according to a market report from CityRealty. While transaction volume decreased 11 percent year-over-year, an increased demand, low inventory, and a small number of new residential developments have caused prices to rise. Between April and June, the average sales price for a residential unit in Manhattan was $2.19 million, up 9 percent from its $2 million average in Q2 of 2021. Ahead, find a round-up of the top 10 residential buildings by aggregate sales in Manhattan during the second quarter of 2022.

1. Madison House
15 East 30th Street
Designed by Handel Architects, this striking 62-story skyscraper is the tallest residential building in Nomad, offering its residents unparalleled views of Manhattan and the surrounding city. The building contains more than 30,000 square feet of hotel-style amenities, including a 75-foot lap pool, hot tub, cold plunge pool, gym, spa, golf simulator, and more. Madison House’s aggregate sales for Q2 of 2022 were $211,998,584, with a total of 77 units sold at an average price of $2,753,228.

Photo credit: Aman New York

2. Aman New York Residences
730 Fifth Avenue
Located within the upper levels of the iconic Crown Building, Aman New York Residences sits at the corner of 5th Avenue and 57th Street in one of the most distinguished areas in the world. Residents have access to expansive luxurious amenities, including a private entrance, dedicated residential elevators, and the building’s double-height 14th-floor sky lobby with a piano bar and wrap-around garden terrace, in addition to much more. The Crown Building is renowned as an architectural masterpiece, characterized by its ornate top which is illuminated at night. Aman New York Residences’ aggregate sales for Q2 of 2022 were $152,243,007, with a total of 6 units sold at an average price of $25,373,835.

Image courtesy of Williams New York

3. Central Park Tower
217 West 57th Street
Designed by the firm of Adrian Smith, the same firm that designed the Burj Khalifa in Dubai, Central Park Tower is the tallest residential building in the Western Hemisphere. Soaring floor-to-ceiling windows are met with spacious proportions to ensure breathtaking, panoramic views of Central Park, with the Atlantic Ocean and Appalachian Mountains also in sight. The building’s 100th floor contains a full-service restaurant, cigar lounge, and a grand ballroom. Central Park Tower’s aggregate sales for Q2 of 2022 were $124,175,630, with a total of 7 units sold at an average price of $17,739,376.

Image courtesy of Sebastiandoe5 on Wikimedia Commons

4. 432 Park Avenue 
When it opened in 2015, 432 Park Avenue was the tallest building residential building in the world. While it has since been surpassed by 111 West 57th Street and the aforementioned Central Park Tower, 432 Park Avenue residences are still in high demand. Designed by famed architect Rafael Viñoly, the building’s striking minimalist design stands out from the skyscrapers that surround it. 432 Park Avenue’s aggregate sales for Q2 of 2022 were $117,696,434, with a total of 4 units sold at an average price of $29,424,109.

520 Park Avenue, Zeckendorf, Robert A.M. Stern, Upper East Side, tallest building, skyscraper, condosRendering courtesy of Zeckendorf Development

5. 520 Park Avenue 
As one of renowned architect Robert A.M. Stern’s creations, 520 Park Avenue stands out from most of the city’s luxury condominium buildings. The property’s residences are known for their grand proportions and astounding views. Amenities include a full-time doorman and concierge service, a state-of-the-art fitness center, landscaped garden, a double-height indoor swimming pool, and more. 520 Park Avenue’s aggregate sales for Q2 of 2022 were $96,132,875, with a total of 3 units sold at an average price of $32,044,292.

Rendering credit: Alchemy Properties

6. 378 West End Avenue 
This 18-story tower consists of two separate buildings that were combined in 2019, one of which was designed by the famous architectural firm Schwartz & Gross in 1915. Though they appear separate from the outside, the two structures are connected internally. Residences have access to a wide variety of luxury-style amenities, including a 75-foot saltwater pool, garden terrace, recording studio, and private garage with covered drop-off. The building is located adjacent to the landmarked West Collegiate Church. 378 West End Avenue’s aggregate sales for Q2 of 2022 were $92,512,858, with a total of 14 units sold at an average price of $6,608,061.

7. The Benson
1045 Madison Avenue
Located on the Upper East Side, this building is Naftali Group’s first UES condominium and stands out from the area’s majority of prewar properties. All of the building’s 15 residences feature grand ceilings, oversized windows, spacious master suites, and access to a variety of luxury amenities including a state-of-the-art fitness center, library, and landscaped garden. The Benson also includes a jewel box lobby and private cinema room that was designed by Italian designer and architect Achille Salvagni. The Benson’s aggregate sales for Q2 of 2022 were $85,376,250, with a total of 4 units sold at an average price of $21,344,063.

8. 150 East 78th Street
Another one of Robert A.M. Stern’s works, 150 East 78th Street’s thoughtful design is characterized by its arched windows, limestone pilasters, and green metal and glass conservatories. The building’s amenities include a regulation squash court, regulation-height basketball court, golf simulator, state-of-the-art fitness center, and more. Residents also have access to the building’s rooftop terrace which offers grand views, an outdoor kitchen, and a gas fire pit. 150 East 78th Street’s aggregate sales for Q2 of 2022 were $77,457,438, with a total of 11 units sold at an average price of $7,041,585.

9. 1228 Madison Avenue
Taking after the iconic traditional architectural style of the Carnegie Hill neighborhood, this Robert A.M. Stern-designed building contains 14 full-floor apartments and a duplex penthouse. The crown of the building holds a common rooftop terrace that offers panoramic views of Central Park and the Manhattan skyline. Additional amenities include a fitness center, private storage, and a full-time doorman and concierge service. 1228 Madison Avenue’s aggregate sales for Q2 of 2022 were $73,479,000, with a total of 5 units sold at an average price of $14,695,800.

Fifteen Hudson Yards, Vessel, the shed, thomas heatherwick, Diller Scofidio & Renfro, the Rockwell Group, New Developments, penthouses,Rendering courtesy of Related-Oxford

10. Fifteen Hudson Yards
15 Hudson Yards
This 70-story skyscraper designed by architects Diller Scofidio + Renfro stands as one of the city’s tallest residential buildings, with its subtlety bent glass facade exemplifying its architectural integrity. The building offers its residents 24-hour in-residence dining and personal chefs, lounges, game rooms, a 3,500-square-foot fitness center, a 75-foot swimming pool, and more. Located within the bustling Hudson Yards neighborhood, the property contains within its base The Shed, a world-class concert venue. In 2020, Fifteen Hudson Yards tied with One South First for first place in 6sqft’s annual Building of the Year contest. Fifteen Hudson Yard’s aggregate sales for Q2 of 2022 were $72,950,438, with a total of 12 units sold at an average price of $6,079,203.

Read CityRealty’s quarterly Manhattan market report for Q2 2022 here

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