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O C T O B E R 2 0 1 5 | M O N T H LY M A R K E T R E P O R T C I T Y R E A LT Y MONTHLY MARKET REPORT Sales Summary Historical Performance Notable New Listings Snapshot 2-3 4-6 7 8 CityRealty is the website for NYC real estate, providing high-quality listings and tailored agent matching for prospective apartment buyers, as well as in-depth analysis of the New York real estate market. MONTHLY MARKET REPORT OCTOBER 2015 Summary Most Expensive Sales The average sale price for Manhattan apartments dipped slightly in the four weeks leading up to September 1, and the total number of sales was virtually unchanged. The average price for an apartment—taking into account both condo and co-op sales—was $1.7 million, down from $1.8 million in the preceding month. The number of recorded sales, 1,071, was about the same as the preceding month. AVERAGE SALES PRICE CONDOS AND CO-OPS $1.7 Million The average price of a condo was $2.5 million and the average price of a co-op was $1.2 million. There were 462 condo sales and 609 co-op sales. $37.9M The Charles, #PH1 1355 First Avenue 6+ beds, 6+ baths 2) Approx 11,747 ft2 ($3,230/ft RESIDENTIAL SALES 1,071 UNITS $1.9B GROSS SALES The top two sales were penthouse units at The Charles, a new Upper East Side condominium on First Avenue between 71st and 72nd streets. The most expensive sale was for $37.9 million for an 11,747-square-foot penthouse unit in the building. The price is the most ever paid for a condo on the Upper East Side east of Third Avenue. The unit comprises floors 29 through 32 of the building. $20.7M The Charles, #PH2 1355 First Avenue 6+ beds, 6+ baths 2) Approx 7,198 ft2 ($2,875/ft The second most expensive sale was a $20.7 million penthouse in The Charles. The unit measures 7,198 square feet and consists of the 27th and 28th floors of the building. The third top sale was a five-bedroom unit at The Marquand, another Upper East Side condo. The 3,837-square-foot unit sold for $14.8 million. 462 CONDOS SOLD AVG PRICE AVG PRICE/FT2 $2.5M $1,692 609 CO-OPS SOLD AVERAGE PRICE $1.2M $14.8M The Marquand, #2W 11 East 68th Street 5 Beds, 5.5 baths 2) Approx 3,837 ft2 ($3,848/ft *CityRealty's Manhattan area market comprises the area south of 125th street on the West Side, and south of 96th street on the East Side. **CityRealty’s October 2015 market report includes all public records data available through August 31, 2015 for deeds recorded the prior month. 2 MONTHLY MARKET REPORT OCTOBER 2015 Manhattan Condo Sales Summary 30-Day Total Sales by Region 35+7+1920 19% Upper 35% Downtown East Side $212M $397M 20% Upper West Side $221M 7% Financial District / 19% BPC $82M Midtown $220M Downtown was the highest-grossing region in Manhattan, with $397 million in condominium sales. The Upper West Side was the second highest-grossing area, with $221 million in sales. Downtown also had the highest price/ft2, $1,985/ft2, and the Upper East Side had the second-highest, $1,771/ft2. MIDTOWN Midtown East Midtown West Murray Hill Turtle Bay/United Nations DOWNTOWN SALES / PAST 30 DAYS $1,800 / ft2 (+4%) $1,760 / ft2 (-7%) $1,519 / ft2 (+2%) $1,539 / ft2 (+2%) 21 44 38 13 30-DAY PRICE AVG* SALES / PAST 30 DAYS $1,962 / ft2 (-2%) $1,425 / ft2 (-12%) $2,174 / ft2 (+29%) $1,765 / ft2 (-0.2%) $2,033 / ft2 (-6%) $1,856 / ft2 (-18%) $2,391 / ft2 (+6%) Chelsea East Village Flatiron/Union Square Gramercy Park Greenwich Village Tribeca West Village 30-DAY PRICE AVG* UPPER WEST SIDE 30 13 14 3 6 18 9 SALES / PAST 30 DAYS $1484 / ft2 (-13%) $1,771 / ft2 (+7%) $2060 / ft2 (+28%) $1,565 / ft2 (-0.4%) Broadway Corridor Central Park West Lincoln Center Riverside Drive/West End Avenue FINANCIAL DISTRICT / BPC Battery Park City Financial District UPPER EAST SIDE 28 25 6 43 30-DAY PRICE AVG* SALES / PAST 30 DAYS $1,312 / ft2 (-9%) $1,244 / ft2 (-6%) 26 35 30-DAY PRICE AVG* SALES / PAST 30 DAYS $2,218 / ft2 (+12%) $1,781 / ft2 (+12%) $1,306 / ft2 (+7%) Carnegie Hill Lenox Hill Yorkville Avg Price / Ft2 by Region 30-DAY PRICE AVG* 6 39 15 $2,000 AVG PRICE / FT 2 $1,800 $1,600 $1,400 $1,200 $1,000 $800 2011 KEY: UPPER WEST SIDE 2012 UPPER EAST SIDE MIDTOWN 2013 DOWNTOWN 2014 2015 FINANCIAL DISTRICT/BPC *Neighborhoods with less than 5 sales in the past 30 days are not included in the table. Percentage changes are calculated over the same period of the previous month. **CityRealty’s October 2015 market report includes all public records data available through August 31, 2015 for deeds recorded the prior month. 3 MONTHLY MARKET REPORT OCTOBER 2015 Historical Performance: Selected Resales Of the 462 condo sales in Manhattan this month, 211 had sold since 2005. The selected resales listed below are grouped according to the years they were initially purchased. The price difference between the sales and the Compound Annual Growth Rate (CAGR) is BUILDING, UNIT FIRST SALE MOST RECENT SALE PRICE CHANGE COMPOUND ANNUAL GROWTH RATE 662ft² 1241ft² 1020ft² 650ft² 2182ft² 620ft² 910ft² 1243ft² Nov 28, 2005 ($466,440) Sep 28, 2005 ($1,400,093) May 23, 2005 ($855,000) Jun 27, 2005 ($600,000) May 16, 2005 ($3,200,000) Mar 04, 2005 ($549,855) Aug 24, 2005 ($811,000) Feb 25, 2005 ($905,000) Aug 27, 2015 ($690,000) Aug 11, 2015 ($1,700,000) Aug 21, 2015 ($1,560,000) Aug 31, 2015 ($850,000) Aug 21, 2015 ($4,995,000) Aug 12, 2015 ($710,000) Aug 07, 2015 ($975,000) Aug 12, 2015 ($1,550,000) $223,560 (+47.9%) $299,907 (+21.4%) $705,000 (+82.5%) $250,000 (+41.7%) $1,795,000 (+56.1%) $160,145 (+29.1%) $164,000 (+20.2%) $645,000 (+71.3%) 4.1% 2.0% 6.1% 3.5% 4.4% 2.5% 1.9% 5.3% 462ft² 963ft² 840ft² 1064ft² 700ft² 818ft² 700ft² 646ft² Jan 04, 2006 ($496,860) Jul 18, 2006 ($740,000) Aug 09, 2006 ($492,500) Oct 05, 2006 ($1,053,888) Jun 13, 2006 ($715,000) Oct 20, 2006 ($963,000) Oct 11, 2006 ($634,500) Dec 07, 2006 ($824,782) Aug 28, 2015 ($701,000) Aug 28, 2015 ($1,175,000) Aug 12, 2015 ($835,000) Aug 05, 2015 ($1,100,000) Aug 05, 2015 ($905,000) Aug 20, 2015 ($1,407,500) Aug 19, 2015 ($800,000) Aug 24, 2015 ($1,200,000) $204,140 (+41.1%) $435,000 (+58.8%) $342,500 (+69.5%) $46,112 (+4.4%) $190,000 (+26.6%) $444,500 (+46.2%) $165,500 (+26.1%) $375,218 (+45.5%) 3.7% 5.2% 6.0% 0.5% 2.6% 4.4% 2.7% 4.4% 1142ft² 1200ft² 660ft² 1210ft² 634ft² 745ft² 1200ft² 836ft² Jul 25, 2007 ($3,661,055) Nov 30, 2007 ($1,262,630) Dec 11, 2007 ($755,000) Jan 11, 2007 ($1,064,071) Jun 18, 2007 ($849,000) Jun 28, 2007 ($745,000) Dec 20, 2007 ($1,399,000) Mar 15, 2007 ($895,000) Aug 18, 2015 ($4,050,000) Aug 20, 2015 ($1,600,000) Aug 19, 2015 ($810,000) Aug 28, 2015 ($1,520,000) Aug 25, 2015 ($1,350,000) Aug 13, 2015 ($2,800,000) Aug 13, 2015 ($1,725,000) Aug 28, 2015 ($975,000) $388,945 (+10.6%) $337,370 (+26.7%) $55,000 (+7.3%) $455,929 (+42.8%) $501,000 (+59.0%) $2,055,000 (+275.8%) $326,000 (+23.3%) $80,000 (+8.9%) 1.3% 3.1% 0.9% 4.2% 5.8% 17.8% 2.8% 1.0% 684ft² 450ft² 1102ft² 3548ft² 1033ft² 463ft² 1171ft² 1990ft² Feb 22, 2008 ($900,000) May 29, 2008 ($623,169) Apr 23, 2008 ($788,707) Dec 18, 2008 ($4,403,931) Jul 08, 2008 ($1,400,000) Jun 30, 2008 ($580,000) Dec 23, 2008 ($1,300,000) Jan 10, 2008 ($4,095,000) Aug 28, 2015 ($1,017,500) Aug 26, 2015 ($725,000) Aug 28, 2015 ($1,730,000) Aug 14, 2015 ($6,200,000) Aug 06, 2015 ($1,576,250) Aug 07, 2015 ($665,000) Aug 06, 2015 ($1,550,000) Aug 12, 2015 ($4,300,000) $117,500 (+13.1%) $101,831 (+16.3%) $941,293 (+119.3%) $1,796,069 (+40.8%) $176,250 (+12.6%) $85,000 (+14.7%) $250,000 (+19.2%) $205,000 (+5.0%) 1.6% 2.1% 11.3% 5.3% 1.7% 1.9% 2.7% 0.6% 750ft² 1231ft² 876ft² 1992ft² 620ft² 826ft² 537ft² 809ft² Aug 13, 2009 ($687,000) Jan 29, 2009 ($1,220,000) Sep 15, 2009 ($1,004,493) Nov 17, 2009 ($2,900,000) Feb 11, 2009 ($460,000) Jun 18, 2009 ($921,516) Feb 27, 2009 ($435,000) Jul 27, 2009 ($830,000) Aug 17, 2015 ($1,040,000) Aug 28, 2015 ($2,100,000) Aug 11, 2015 ($995,000) Aug 18, 2015 ($5,749,272) Aug 10, 2015 ($640,000) Aug 03, 2015 ($1,845,000) Aug 12, 2015 ($490,000) Aug 25, 2015 ($1,425,000) $353,000 (+51.4%) $880,000 (+72.1%) $9,493 (-0.9%) $2,849,272 (+98.3%) $180,000 (+39.1%) $923,484 (+100.2%) $55,000 (+12.6%) $595,000 (+71.7%) 7.2% 8.7% -0.2% 12.6% 5.3% 12.1% 1.9% 9.4% SQUARE FEET Original Sale Year : 2005 Total Transactions : 19 56 Pine Street, #11D 455 Central Park West, #8 Sutton View, 420 East 58th Street, #17B Hampton House, 404 East 79th Street, #27F Carnegie Hill Tower, 40 East 94th Street, #17C The Devon, 333 East 34th Street, #6A 327 Central Park West, #8E 309 East 49th Street, #6B Original Sale Year : 2006 Total Transactions : 26 555 West 23rd Street, #N9C 52 East End Avenue, #21C 48 Market Street, #2A Cielo, 450 East 83rd Street, #5A Worldwide Plaza, 350 West 50th Street, #35C The Orion, 350 West 42nd Street, #32C The Saratoga, 330 East 75th Street, #8K 325 Fifth Avenue, #25B Original Sale Year : 2007 Total Transactions : 35 The Plaza, 768 Fifth Avenue, #1511 Atelier, 635 West 42nd Street, #43J Manhattan Place, 630 First Avenue, #34S Five Nine John Lofts, 59 John Street, #4D Madison Green, 5 East 22nd Street, #24R The Braender, 418 Central Park West, #63 Park West Village, 400 Central Park West, #8D Lumiere, 350 West 53rd Street , #4H Original Sale Year : 2008 Total Transactions : 28 Atelier, 635 West 42nd Street, #29B The A Building, 425 East 13th Street, #5M 425 Central Park West, #6A The Hit Factory, 421 West 54th Street, #PHC 386 Columbus Avenue, #7B The Elysabeth, 35 East 38th Street, #10K The Corinthian, 330 East 38th Street, #5E 30 East 85th Street, #5G Original Sale Year : 2009 Total Transactions : 18 555 West 23rd Street, #N3N 52 Park Avenue, #15 5 East 44th Street, #4A 470 Broome Street, #4S Le Domaine, 403 East 62nd Street, #3B Twenty9th Park Madison, 39 East 29th Street, #18D Hudson View West, 300 Albany Street, #7E Gramercy Place, 280 Park Avenue South, #22M 4 MONTHLY MARKET REPORT OCTOBER 2015 Selected Resales, Cont. BUILDING, UNIT FIRST SALE MOST RECENT SALE PRICE CHANGE COMPOUND ANNUAL GROWTH RATE 1157ft² 709ft² 475ft² 1062ft² 1981ft² 661ft² 1470ft² 3069ft² May 18, 2010 ($1,050,000) Jun 30, 2010 ($625,000) May 28, 2010 ($575,311) Aug 09, 2010 ($870,000) Apr 20, 2010 ($3,869,350) Apr 29, 2010 ($793,200) Sep 30, 2010 ($1,425,000) Nov 04, 2010 ($3,375,900) Aug 05, 2015 ($1,850,000) Aug 20, 2015 ($916,000) Aug 19, 2015 ($750,000) Aug 05, 2015 ($1,250,000) Aug 18, 2015 ($4,600,000) Aug 18, 2015 ($350,000) Aug 20, 2015 ($2,400,000) Aug 07, 2015 ($5,500,000) $800,000 (+76.2%) $291,000 (+46.6%) $174,689 (+30.4%) $380,000 (+43.7%) $730,650 (+18.9%) ($443,200) (-55.9%) $975,000 (+68.4%) $2,124,100 (+62.9%) 11.6% 7.8% 5.3% 7.6% 3.3% -14.4% 11.4% 10.8% 1500ft² 1081ft² 531ft² 1455ft² 897ft² 2700ft² 326ft² 679ft² Mar 10, 2011 ($2,305,000) Apr 04, 2011 ($1,221,900) Jul 14, 2011 ($830,000) Oct 14, 2011 ($2,550,000) Aug 10, 2011 ($905,000) Dec 23, 2011 ($8,196,912) Feb 15, 2011 ($319,333) Aug 12, 2011 ($835,000) Aug 03, 2015 ($3,500,000) Aug 31, 2015 ($1,800,000) Aug 13, 2015 ($1,317,500) Aug 13, 2015 ($3,775,000) Aug 13, 2015 ($1,320,000) Aug 25, 2015 ($11,500,000) Aug 13, 2015 ($700,000) Aug 18, 2015 ($1,200,000) $1,195,000 (+51.8%) $578,100 (+47.3%) $487,500 (+58.7%) $1,225,000 (+48.0%) $415,000 (+45.9%) $3,303,088 (+40.3%) $380,667 (+119.2%) $365,000 (+43.7%) 10.1% 9.4% 12.2% 11.0% 9.9% 9.7% 19.4% 9.5% 1339ft² 990ft² 566ft² 1125ft² 1536ft² 2907ft² 812ft² 1351ft² Jan 12, 2012 ($975,000) Dec 07, 2012 ($2,265,608) Jul 19, 2012 ($812,563) Jun 06, 2012 ($1,160,000) Aug 22, 2012 ($1,265,000) Sep 04, 2012 ($4,591,519) Nov 02, 2012 ($839,000) Apr 03, 2012 ($1,175,000) Aug 13, 2015 ($1,540,000) Aug 27, 2015 ($2,851,100) Aug 05, 2015 ($1,100,000) Aug 31, 2015 ($1,475,000) Aug 14, 2015 ($2,050,000) Aug 07, 2015 ($8,000,000) Aug 28, 2015 ($1,050,000) Aug 28, 2015 ($1,650,000) $565,000 (+57.9%) $585,492 (+25.8%) $287,437 (+35.4%) $315,000 (+27.2%) $785,000 (+62.1%) $3,408,481 (+74.2%) $211,000 (+25.1%) $475,000 (+40.4%) 13.6% 9.0% 10.6% 7.9% 18.0% 21.0% 8.5% 10.7% 1940ft² 1769ft² 898ft² 850ft² 440ft² 719ft² 1228ft² 1434ft² Aug 07, 2013 ($2,414,000) Jul 26, 2013 ($2,825,000) Nov 25, 2013 ($2,138,325) May 10, 2013 ($835,000) Apr 17, 2013 ($355,000) Jun 14, 2013 ($500,000) May 31, 2013 ($2,418,344) Feb 07, 2013 ($818,000) Aug 10, 2015 ($4,000,000) Aug 05, 2015 ($3,400,000) Aug 14, 2015 ($2,395,000) Aug 18, 2015 ($950,000) Aug 10, 2015 ($500,000) Aug 21, 2015 ($735,000) Aug 31, 2015 ($3,150,000) Aug 24, 2015 ($1,720,000) $1,586,000 (+65.7%) $575,000 (+20.4%) $256,675 (+12.0%) $115,000 (+13.8%) $145,000 (+40.8%) $235,000 (+47.0%) $731,656 (+30.3%) $902,000 (+110.3%) 28.7% 9.7% 7.0% 5.9% 16.4% 19.5% 12.5% 34.6% 812ft² 1000ft² 1350ft² 1560ft² 2460ft² 3206ft² 653ft² 1036ft² Apr 30, 2014 ($957,155) Jul 01, 2014 ($911,334) Jan 15, 2014 ($1,925,000) Jun 12, 2014 ($1,900,000) Jan 17, 2014 ($5,600,375) Feb 27, 2014 ($5,650,000) May 05, 2014 ($1,092,500) Aug 25, 2015 ($1,035,000) Aug 13, 2015 ($1,600,000) Aug 31, 2015 ($2,350,000) Aug 06, 2015 ($4,475,000) Aug 12, 2015 ($6,500,000) Aug 21, 2015 ($8,500,000) Aug 24, 2015 ($1,185,000) Jan 10, 2014 ($1,400,000) Aug 05, 2015 ($1,800,000) $77,845 (+8.1%) $688,666 (+75.6%) $425,000 (+22.1%) $2,575,000 (+135.5%) $899,625 (+16.1%) $2,850,000 (+50.4%) $92,500 (+8.5%) $400,000 (+28.6%) 6.5% 68.1% 13.4% 120.5% 10.4% 33.4% 6.7% 18.2% SQUARE FEET Original Sale Year : 2010 Total Transactions : 14 The Griffon, 77 Park Avenue, #6D 645 East 11th Street, #2A Centro 505, 505 West 47th Street, #4A-S 503 East 13th Street, #C4 Laurel, 400 East 67th Street, #20A Sheffield 57, 322 West 57th Street, #41E Dalton on Greenwich, 303 Greenwich Street, #4J The Apthorp, 2211 Broadway, #4J Original Sale Year : 2011 Total Transactions : 22 The Carl Fischer Building, 62 Cooper Square, #9C 515 East 72nd Street, #20G Caledonia, 450 West 17th Street, #1906 Chelsea Club, 444 West 19th Street, #1002 The Dillon, 425 West 53rd Street, #207 41 Bond Street, #PH 36 Gramercy Park East, #10T The Orion, 350 West 42nd Street, #27K Original Sale Year : 2012 Total Transactions : 9 One Rector Park, 333 Rector Place, #610 Centurion, 33 West 56th Street, #8C Sheffield 57, 322 West 57th Street, #29L The Whitney, 311 East 38th Street, #27C 243 West 98th Street, #6B The Apthorp, 2211 Broadway, #5F Trump Place, 200 Riverside Boulevard, #14B Downtown by Starck, 15 Broad Street, #2722 Original Sale Year : 2013 Total Transactions : 28 7 East 20th Street, #7R The Oculus, 50 West 15th Street, #4D Printing House, 421 Hudson Street, #511 Park West Village, 400 Central Park West, #4M 40 Sutton Place, #6B Hudson Tower, 350 Albany Street, #3H 345 Meatpacking, 345 West 14th Street, #5A Sheffield 57, 322 West 57th Street, #49B1 Original Sale Year : 2014 Total Transactions : 9 67 Liberty Street, #PHB 41 West 72nd Street, #10D Worldwide Plaza, 350 West 50th Street, #5C One Madison, 23 East 22nd Street, #11B The Apthorp, 2211 Broadway, #3L Trump Place, 220 Riverside Boulevard, #10M Jade, 16 West 19th Street, #10-B The Zachary, 125 East 12th Street, #3-G 5 MONTHLY MARKET REPORT OCTOBER 2015 Historical Performance : Featured Resales The Apthorp, #5F 2211 Broadway $8.0M +21.0% $8.0M ANNUAL GROWTH RATE (3YRS)* +$3,408,481 $6.0M AGGREGATE PRICE CHANGE 2003 04 05 06 07 08 09 10 11 12 13 14 15 41 Bond Street, #PH $11.5M CLOSING HISTORY: Aug 7, 2015 • $8,000,000 Sep 4, 2012 • $5,591,519 +9.7% $12M ANNUAL GROWTH RATE (4YRS)* +3,303,088 $9.0M AGGREGATE PRICE CHANGE 2003 04 05 06 07 08 09 10 11 12 13 14 15 470 Broome Street, #4S $5.7M CLOSING HISTORY: Aug 25, 2015 • $11,500,000 Dec 23, 2011 • $8,196,912 +12.6% $6.0M ANNUAL GROWTH RATE (6YRS)* +$2,849,272 $3.0M AGGREGATE PRICE CHANGE 2003 04 05 06 07 08 09 10 11 12 13 14 15 The Hit Factory, #PHC 421 West 54th Street $6.2M CLOSING HISTORY: Aug 18, 2015 • $5,749,272 Nov 17, 2009 • $2,900,000 +5.3% $7.0M ANNUAL GROWTH RATE (7YRS)* +$1,796,069 $5.0M AGGREGATE PRICE CHANGE 2003 04 05 06 07 08 09 10 11 12 13 14 15 Bristol Plaza, #26N 200 East 65th Street $6.15M CLOSING HISTORY: Aug14, 2015 • $6,200,000 Dec 18, 2008 • $4,403,931 +2.4% $7.0M ANNUAL GROWTH RATE (9YRS)* +$1,250,000 $5.0M AGGREGATE PRICE CHANGE 2003 04 05 06 07 08 09 10 11 12 13 14 15 CLOSING HISTORY: Aug 19, 2015 • $6,150,000 Feb 02, 2006 • $4,900,000 *The annual growth rate compares the first sale to the most recent sale. 6 MONTHLY MARKET REPORT OCTOBER 2015 Notable New Listings in NYC $42.75M Walker Tower, #PH3 Approx 7,200 ft2 4 Beds, 5 Baths The four-bedroom penthouse at the Walker Tower encompasses 7,200 square feet, with two terraces. The residence has a 45 x 23 foot great room with three seating areas, a wet bar and a marble wood-burning fireplace. $29.95M 471 Washington Street, #PH Approx 7,137 ft2 5 Beds, 6+ Baths This 7,137-square-foot penthouse features a private pool and seven terraces with 4,393 square feet of outdoor space. The unit has 11-foot ceilings, a key locked elevator entry and motorized shades. $17.5M The Dakota, #66 4 Beds, 4.5 baths This four-bedroom at the Dakota was recently renovated and features a gallery space, a corner living room with north and west exposures and a library with an adjacent powder room. The apartment has seven wood-burning fireplaces. $7.8M 49 East 86th Street, #10A 4 Beds, 4 baths This four-bedroom apartment in a prewar co-op has a library with Central Park views and an eat-in kitchen with custom designed wood cabinets. The master suite has a wall of closets as well as a walk-in closet. $4.5M Sweeney Building, #9G Approx 2,474 ft2 2 beds, 2.5 baths This corner loft in Dumbo's Sweeney Building has views of the Brooklyn and Manhattan bridges, lower Manhattan and the Empire State Building. The two-bedroom, 2,474-squarefoot apartment has two en-suite bathrooms, a library, a dining room and a powder room. 7 MONTHLY MARKET REPORT OCTOBER 2015 Snapshot Actress Kathleen Turner has parted ways with her 200 Riverside Boulevard condo, selling it for $3.8 million. Turner bought the Trump Place pad in 2003 for $2.3 million. The three-bedroom, 2,086-squarefoot Upper West Side home offers incredible views of Central Park, the Hudson River, and Manhattan skyline. Legendary actress and singer Liza Minnelli sold her 21st-floor coop at the Imperial House at 150 East 69th Street. The star struck an $8.372 million deal with New York socialites Robert Beyer and Loren Pack. Minnelli is said to have relocated to Los Angeles for work and to be closer to her family and friends. A Greenwich Village penthouse that Jude Law used to rent is on the market for $12.5 million. The 3,500-square-foot, three bedroom home is in a former Methodist Church that was converted into condos in 2006. The apartment, which has stained glass windows and a large terrace, last sold for $6.3 milion in 2010. We like to say we live in suburban Manhattan.” –Composer Andrew Lippa on the Upper West Side apartment he lives in with his husband. -The New York Times Jon Bon Jovi paid $12.88 million for a sprawling 10-room apartment at the brand new 150 Charles Street in the West Village. The building has a 75-foot lap pool, a 3,000 square foot fitness center, and 40,000 square feet of private outdoor space. The rocker unloaded his $34 million Soho penthouse earlier this year. 8 Gabby Warshawer, CityRealty Director of Research and Communications, welcomes any questions and comments regarding the New York City real estate market. She can be reached at [email protected] or by phone at 212-209-8809. Visit us at www.cityrealty.com for more sales information. All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no property included in this report shall the number of bedrooms listed be considered a legal conclusion. 9
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