In Manhattan, there were $7 billion worth of contracts signed for new developments during 2021, a 299% increase from 2020, and a 155% increase from 2019 when contract volume was a more typical $4.5 billion. [Mansion Global]
The Wales is a new development at 1295 Madison Avenue, a block from the Central Park Reservoir, on 92nd street in Carnegie Hill. The 11 story 20 residence condominium is comprised of 2 to 4 bedroom homes and a five bedroom penthouse. Prices range from about $3,635,000 for a two-bedroom to about $9,495,000 for a four-bedroom apartment. The building interiors are reimagined by Paris based design studio Cabinet Alberto Pinto with sunlit exposures, white oak flooring, and grand proportions. The kitchens feature white quartz slab countertops, custom-designed white lacquer cabinetry, and appliances by Wolf, Sub-Zero, and Miele. A full-floor penthouse, newly built atop the historic building, features a wraparound terrace and a private roof terrace with an outdoor kitchen and butler’s pantry. The Wales’ elegant 24-hour attended lobby features coffered ceilings, a custom walnut and marble concierge desk, and antique mirrored walls. Amenities include a sophisticated oak-paneled fitness center with Peloton and Hydrow equipment, a pet spa with grooming station, bicycle storage, and private storage for purchase. The landmarked Neo-Renaissance structure was originally built in 1901 and became the Hotel Wales before being transformed into a luxury new development. [Mansion Global]
A duplex penthouse, listed for $16.5 million at The Leyton, with four bedrooms, 3,656 SF of interior space, a double height living room, and 1,756 SF of exterior space, including a roof deck with dramatic skyline views, is in contract. The views span from the East River to Central Park. The 37 story Leyton is located at 1059 Third Avenue between 62nd and 63rd street. The condominium tower has 38 apartments and is designed by architect Manuel Glas. Mansion Global reports that over $100 million of apartments have been sold at the building including 8 sales of full floor residences priced above $10 million.