15 Central Park West sees a flurry of $20M offers
Two ultra-luxury contracts at Manhattan’s storied 15 Central Park West — the neo-classical limestone tower designed by the late architect Robert A.M. Stern — have been the costliest houses to enter contract throughout the town final week. Most of all, the offers have been inked within the wake of Stern’s dying at age 86 on Thanksgiving day.
The eight-figure offers mark a uncommon double play for the long-lasting constructing, the place consumers have lengthy been drawn to Stern’s signature mix of prewar magnificence and trendy luxurious.
In line with Donna Olshan’s Olshan Luxurious Market Report, having the highest two offers of the week in the identical property was a phenomenon not seen since 2020.
The priciest unit, final asking $26.8 million, is a three-bedroom spanning 3,347 sq. ft with sweeping Central Park views from the lounge, eating room and workplace.
The runner-up, listed at $25 million (down from its authentic $27.5 million ask), consists of 4 bedrooms, a proper entertaining format and a separate sixth-floor studio.
Their last sale costs aren’t but recognized, nor are the identities of their new homeowners.
But it surely’s not simply these two models. On Monday, metropolis data revealed a $22 million sale for a three-bedroom, 3.5-bathroom unit on the constructing. Nonetheless, the deed confirmed the contract was signed in October, one month earlier than Stern handed away from a respiratory sickness, and closed within the weeks after. The client, listed as an LLC, couldn’t instantly be recognized.
Jonathan Miller, CEO of appraisal agency Miller Samuel, mentioned Stern’s dying might not have created a direct worth surge, however his legacy stays deeply tied to the constructing’s sustained worth.
“Having two gross sales in the identical constructing will get the constructing better consideration out there for future listings,” he instructed The Put up.
“However I don’t see the dying of Stern as pushing values in his build up in a single day,” Miller mentioned.
“The shortage of future Stern tasks will assist maintain the premium they already obtain however most likely received’t make them extra priceless outdoors of present market situations,” he added. “I think we’ll see better worth progress on the high of the housing market and his buildings are an essential a part of that submarket.”
Constructed between 2005 and 2007, the constructing — simply steps from Columbus Circle — has lengthy been a bellwether for New York’s high-end market.
Dubbed by the real-estate weblog Curbed in long-ago years because the “Limestone Jesus” for its temple-like façade and devoted following, the constructing features a 14,000-square-foot health middle, a 75-foot skylit lap pool, a personal restaurant, a motor courtroom, a library and a residents-only screening room.
It was additionally one of many first post-2000 condominiums to efficiently replicate the proportions and grandeur of prewar Park Avenue co-ops whereas providing the facilities of a contemporary five-star resort.
The constructing’s gravitational pull has lured a who’s who of celeb and monetary elites.
Previous and current residents have included actors Denzel Washington, Robert De Niro, Kelsey Grammer, and Mark Wahlberg; musician Sting; former Yankee Alex Rodriguez; and Spanx founder Sara Blakely. With titans of finance like Lloyd Blankfein and hedge funder Daniel Loeb additionally calling it residence, the edifice additionally earned the nickname “Tower of Energy.”
Stern was famend for his means to mix historic references with up to date livability.
A former dean of Yale’s College of Structure, he designed a few of the most profitable — and costly — residential buildings in Manhattan, together with 220 Central Park South, 520 Park Ave., and 70 Sacristy. His tasks routinely set price-per-square-foot data and formed the town’s trendy luxurious skyline.
