The CEO of American Eagle Outfitters snagged a deal to promote on the Giorgio Armani Residences.
An entity linked to Jay Schottenstein signed a contract to dump an house at 760 Madison Avenue, with an asking value of $25.5 million, in accordance with Olshan Realty’s weekly report.
The pending deal for the unit comes after Schottenstein’s LLC, the Ohio-based Schottenstein Property Group, bought it for $21.6 million in December 2024. About 4 months later, the manager listed the house for $32.8 million.
Unit 9 on the Lenox Hill constructing spans the complete ground. It has 5 bedrooms and 4 bogs throughout 4,500 sq. ft and in addition contains a non-public elevator touchdown, 10-foot ceilings and an eat-in kitchen.
Facilities within the 10-unit constructing, developed by SL Inexperienced, embrace a doorman, health heart and residents’ lounge.
Douglas Elliman’s Sarway Staff, led by Abraham Sarway, and the Modlin Group had the itemizing.
The Madison Avenue condominium was the priciest of 18 properties in Manhattan asking $4 million or extra to snag an inked deal final week. The entire was down from 27 contracts signed within the previous period, although it was on par with the last decade common for the third week of July — usually a slower time of the 12 months for luxurious offers.
The second costliest dwelling to enter contract was a maisonette at 150 Charles Street, with an asking value of $21.5 million. The triplex, which hit the market final month, final traded for slightly below $10 million in 2015.
The condominium spans 4,300 sq. ft and has 5 bedrooms and 5 bogs, together with a terrace and chef’s kitchen. The pending deal additionally comes with a deeded parking house.
Facilities within the 91-unit West Village constructing, developed by the Witkoff Group, embrace doormen, a health heart and lap pool.
Serhant’s Steiner Heydt Staff, together with Frayda Resnick, Alex Heydt, Anthony Spadaro and Lesley Steiner, had the itemizing.
Of the 27 properties to seek out patrons, 10 have been condos, six have been co-ops and two have been townhouses.
The houses have been priced at a mixed $136 million, which works out to a mean of $7.6 million and a median of $5.4 million. The everyday dwelling was in the marketplace for lower than a 12 months and was discounted by 9 %.
Learn extra
New dev deals sink as Manhattan luxury contends with shrinking pipeline
American Eagle CEO buys $22 million pad at Armani Residences
A $60M deal at Witkoff’s 150 Charles sets a Downtown Manhattan record
