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Welcome to Brick Underground’s luxury pick of the week, a feature spotlighting a condo, co-op, or townhouse for sale with an asking price of at least $4,300,000, the current entry threshold for luxury apartments in Manhattan. If you’re in the market for a high-end abode, you should know that while sales have slowed considerably over the past couple of years, that trend is starting to reverse as sellers come to grips with the new market reality and adjust their prices accordingly. It's good news for your wallet—just be aware that many luxe listings won’t linger on the market indefinitely. For more information, check out Brick Underground’s tips on buying a luxury apartment in NYC.
This Upper West Side luxury condo, 221 West 77th St., #12E., is on the market at a price that’s close to what the owner originally paid. It’s in a 2017 building designed by the highly sought-after Danish architect Thomas Juul-Hansen. The new building, which replaced a garage, has a modern look that works well with its traditional neighbors thanks to its large, floor-to-ceiling casement windows.
The previous owner paid $5,400,000 for this 2,067-foot apartment, according to StreetEasy. It has three bedrooms and three and a half baths and is now asking $5,495,000—reflecting a discount of $205,000 about two weeks ago. It initially went on the market in April for $5,700,000.
A larger three-bedroom apartment (by 200 square feet) is also on the market, asking $6,500,000. The only apartment that appears to have sold there this year is a four bedroom that went for $7,300,000, according to StreetEasy.
The elevator opens directly into the apartment, which has south and east exposures.
The Smallbone of Devizes kitchen is open to the living space and has an east-facing window. It features Miele appliances including a steam oven, speed oven, warming drawer, separate refrigerator and freezer, wine refrigerator and a vented hood. There is also a large island.
The master suite has two walk-in closets and a white stone bathroom. In addition to a large double vanity, there is a separate glass shower and deep soaking tub.
The second bedroom has its own en-suite bathroom. The third bedroom (not shown) has its own bathroom as well.
The apartment has central air conditioning and white oak wood floors. Ceilings are approximately 10 feet high and many of the floor-to-ceiling windows have Juliet balconies so they can be safely opened.
The apartment is in a full-service building with 26 residences on 18 floors. Amenities include a basketball court, fitness center, library with pool table and roof deck with gas fire pit.
Monthly taxes are $2,940. The listing points out that monthly taxes for pied-à-terre or LLC buyers would be $3,563, reflecting primary owners’ ability to deduct a portion of their property taxes from their tax bill.
The building is a block from the American Museum of Natural History and the New-York Historical Society, and a few blocks from an entrance to Central Park, plus all of the attractions of the Upper West Side.
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