Legion Funding Group and Nahla Capital discovered a purchaser for a $40.5 million unit at 1122 Madison Avenue, because the undertaking nears sellout.
The nineteenth ground on the Higher East Facet growth was the priciest of 26 properties in Manhattan asking $4 million or extra to nab signed contracts final week, in keeping with Olshan Realty’s weekly report. The full was up from 21 pending offers logged within the previous period.
The 5,300-square-foot rental has 5 bedrooms, 5 loos and two balconies. It was one in every of 24 on the 26-unit constructing to land an inked deal since gross sales launched in January, together with its practically $90 million penthouse, which entered contract in February. The pending offers have a mean asking worth of roughly $5,400 per sq. foot.
Simply two models stay on the 22-story constructing, each with asking costs just below $39 million. The builders count on to finish building within the fall of 2027, with deliberate facilities together with a health middle, squash court docket and chilly plunge pool.
A crew with Corcoran Sunshine Growth Advertising and marketing, led by Cathy Franklin, is heading gross sales on the undertaking.
The second most costly house to snag an inked deal was a duplex rental at 150 West twelfth Road, with an asking worth just below $19 million. The condominium, which final traded for roughly $12 million in 2022, hit the market earlier this yr asking near $20 million.
Unit 3West spans 4,200 sq. toes and has 5 bedrooms and 5 loos. It additionally incorporates a 45-foot nice room and a landscaped terrace overlooking West twelfth Road.
The rental is a part of a posh, together with over 190 residences and 5 townhouses, often known as the Greenwich Lane. Facilities on the undertaking, developed by the Rudin household and International Holdings, embrace doormen, parking, a health middle and pool.
Compass’ Rachel Glazer had the itemizing.
Of the 26 properties to seek out patrons, 19 have been condos, 4 have been co-ops, 1 was a condop and two have been townhouses.
The houses have been priced at a mixed $228 million, which works out to a mean of $8.8 million and a median of $7.4 million. The everyday house was available on the market for greater than a yr and was discounted by 2 %.
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