LuxuryMarket

Tyra Banks' Enormous Duplex On The Market For $17.5M

Two years ago, Tyra Banks put her gigantic Battery Park City pad on the rental market for $50,000 a month, but the Times now reports that she’s decided to part ways with it completely, listing the 7,000-square-foot Riverhouse duplex for $17.5 million. Banks, who welcomed her first child last year, is spending most of her time at her homes in Los Angeles and Northern California since her new makeup line is headquartered in LA and both of her hosting gigs–for “America’s Got Talent” and “America’s Next Top Model”–also film there. She did, however, tell the Times that she’ll miss “the feeling of having a home in the sky.”

The condo was was originally four separate units on the 22nd and 23rd floors, which Banks bought in 2009 for $10.3 million. She then embarked on a massive renovation, which didn’t sit so well with her neighbors due to “ear-rattling drilling” and paint fumes. She outfitted the home with “rich fabrics, textured wall coverings, exotic wood details and ornate light fixtures” to make it feel like less of an apartment and more like “a single-family home with finishes and an experience like one would have in the Hamptons or even in an estate in Los Angeles,” she told the Times in an email. She also made sure to configure the apartment for “maximum privacy” with various wings to accommodate staff, business associates, and family.

The new owner (or renter–the home is still available for $50,000/month) will get five bedrooms, eight bathrooms, several kitchens and kitchenettes, a gym, hair salon, and amazing Hudson River and Statue of Liberty views. Other details include oak panel flooring, a banquet table that Banks said was designed to look like “a booth at a Michelin-starred restaurant,” and a mirrored dressing room.

They’ll also have access to the all the amenities (a yoga studio, fitness center, and saltwater lap pool, to name a few) at the eco-friendly Riverhouse, where Leonardo DiCaprio is also a resident. Though, Tyra did divulge that she’s never run into Leo in the building: “He was always that elusive spirit that so many people talked about. I’ll miss my houseguests trying to spot you in our building.”

Ellen DeGeneres Lists California Estate For $45M

Ellen DeGeneres may be best known for her talk show and her role in “Finding Dory” and “Finding Nemo,” but the comedian really should be known for her house flipping.

After selling her Hollywood Hills home (for the second time) for $10 million in August, and listing her home near the Los Angeles Country Club for $7 million in October, she and her wife Portia de Rossi are now listing their grandest property yet; a 17-acre estate in Montecito, Santa Barbara for $45 million.

The couple bought the house in 2013 for $26.5 million, according to the Wall Street Journal, and put a lot of money into renovating it (including buying the two adjacent properties). They used stone excavated from the property to build an entertaining pavilion, which comes with a sun room, dining room and outdoor kitchen with a pizza kitchen.

Perched in the hills Santa Barbara, the main house is 10,500 square feet, and has six bedrooms, six bathrooms and two half bathrooms. There are nine fireplaces, 18-century tiles, rustic beams, many libraries, two swimming pools and a tennis court

30 Contracts Signed At $4M And Up

The city’s luxury residential market in 2017 still looks to be in pretty decent shape, with 30 contracts signed in the over-$4 million market last week.

The total sales volume for the week was $201.4 million, according to the weekly report from Olshan Realty.

Out of the 37 contracts signed, 23 were for condominiums (with an average asking price of $6.6 million). Six contracts were on co-ops ($7 million) and one contract was signed for a townhouse asking $9.5 million. The average discount from original ask to last asking price was 7 percent.

Last week, the top contract was on unit 11 at Anbau Enterprises’ 207 West 79th Street. The five-bedroom apartment was last asking $12.5 million. It spans 4,205 square feet and features a south-facing “great room” with seven casement-style windows that offer “classic Upper West Side Views.” Anbau’s development was approved by the New York State Attorney General’s Office in November, and the developer is shooting for a $142.8 million sellout.

The no. 2 contract was on a co-op at 19A at Emory Roth-designed 875 Fifth Avenue, asking $11 million — down from the original price of $13.2 million when it was first listed in July 2014. The unit is a combination of two apartments, and features two bedrooms, four bathrooms and a 44-foot terrace, the listing shows.

According to Olshan, the median asking price was $5.9 million and average days on market was 306. In the third week of March last year, 24 contracts were signed with a median asking price of $5.7 million.

Recent figures from city brokerages show a boost in the city’s luxury market. A report from Stribling & Associates last week found the number of contracts signed on properties priced over $5 million so far in 2017 jumped 29 percent year-over-year.  [Olshan] — Miriam Hall

Developers Step Up Concession$ In Tepid Market

With its undulating glass facade, 252 East 57th Street was among the marquee new developments that promised to reshape Midtown East back when it debuted in late 2014. But after an extended period of sluggish sales – just under half the condominium’s 95 units remain unsold – the developers decided it was time to take drastic measures.

On top of price cuts last year, World Wide Group and Rose Associates are now offering brokers a 4 percent commission, including 1 percent that’s non-refundable and will be paid as soon as a contract is inked.

“We were trying to think outside the box in terms of what would set us apart,” said Stribling’s Pamela D’Arc, who is marketing the condos. “People come down 57th Street and I think they literally go from one end to the other.”

Discounts have been part of the high-end condo market’s story for many months now, but price slashing is not the only way developers are trying to hook buyers. Faced with stiff competition from a heap of new luxury product on the market, developers are paying transfer taxes, offering discounts, dangling gifts cards and other sweeteners in front of brokers and buyers.

It’s all about getting deals done as quickly as possible.

“They don’t want to give off the perception that they’re lowering prices, so they may offer a concession,” said Douglas Elliman’s Vickey Barron. For buildings with unsold inventory, offering incentives can be an easy way to move sales along, she said.

“They’re not wrong for doing it,” Barron added. “You don’t want to be sitting with empty apartments.”

Developers whose construction loans are coming due have the most on the line, and are anxious to stave off lenders anxious about getting paid back.

“The pressure on developers is starting,” said one marketing executive. “I’ve been getting calls from banks asking what the larger units will rent for.”

Slow & Soft

It’s taking longer to sell new condos these days as high-priced units planned during 2014 and 2015 flood the market. New development sales dropped 13.2 percent year-over-year to 479 units during the fourth quarter, according to appraisal firm Miller Samuel. Meanwhile, the average number of days on the market jumped 20.7 percent to 181 during that time.

“People come down 57th Street and I think they literally go from one end to the other.”

In recent months, the slowdown has spooked a handful of developers, notably CL Investment, which scrapped its $300 million luxury condo conversion at 287 Park Avenue South this fall. In February, the Chinese investment firm also sold its 32.9 percent stake in Coda, Magnum Real Estate Group’s rental-to-condo conversion at 385 First Avenue.

 

Kuafu Properties hit pause on its major development at 161 East 60th Street, a $300 million site now controlled by ex-Kuafu principal Denis Shan, while JDS Development Group and Property Markets Group suspended sales at 111 West 57th Street last year. At the time, PMG’s Kevin Maloney preached the value of waiting until the market improved.

In instances where waiting isn’t an option, buyers are calling the shots, he recently observed.

“The next two years will be the year of the deal,” Maloney told Bloomberg this fall. “If you have cash, I can’t imagine there’s not a condo project that’s coming out of the ground where you can’t walk into the sales office and say ‘This is the deal I’m willing to offer.’”

And while the terms of those deals may not be ideal, many developers aren’t in the position to call the shots.

“In a strong market we would say no — in a soft market like now, we would consider it.” said Elliman’s Richard Steinberg, who is marketing the Chamberlain, Simon Baron Development and Quadrum Global’s 39-unit condop at 269 West 87th Street. He said buyers always try to push the closing costs, transfer taxes and mansion taxes onto developers — that’s the name of the game. The difference is, in a market like this one, they’re more likely to be successful.

“At the end of the day, it’s what is net to the developer,” Steinberg said. “So if it’s a higher offer, and they want us to pay closing costs, of course we would do it.”

Just The Tax

While many developers stay mum about offering concessions, others talk them up as a marketing tool.

121 East 22nd Street and Doug Yearley

Last month, Toll Brothers City Living offered to pay the transfer and mansion taxes for any buyer who went into contract at select buildings before Feb. 26. Billed as a part of the company’s “national sales event,” the offer was good at 55 West 17th Street, 100 Barrow Street and the Sutton at 959 First Avenue.

“We have, in certain locations, had increased incentives to sell,” Toll Brothers CEO Douglas Yearley said during a Feb. 22 earnings call. “But even with those increases in incentives, our gross margins have far exceeded the company average.” He said while the company was proceeding with caution in the market, it was “well-positioned to absorb what has been going on in New York City.”

Still, Toll Brothers is one of very few developers who have made across-the-board offers. It’s far more common for sponsors to take a building-by-building — and deal-by-deal — approach to sales.

“Each developer is in his own situation with his own project,” said Magnum’s Ben Shaoul, who said he’s willing to pay transfer and mansion taxes at 100 Barclay — where sales launched in 2015 and prices average $2,254 per square foot, according to StreetEasy — but wasn’t extending the same offer at 196 Orchard Street, which hit the market a year later and is asking $2,324 per square foot, on average. “To generalize about the market is naive and ridiculous,” he said.

Most buyers nowadays are trying to save a buck where they can. “If you are a buyer at over $10 million, you will be asking for concessions,” said one top broker, who requested anonymity.

Compass’ Leonard Steinberg said, “Correctly priced properties in prime locations that are beautifully executed, mostly don’t require additional incentives to sell. But right now, there is a bit of a race to drive concessions.”

For example, Jody Kriss’ East River Partners is offering tax concessions for a “limited time” at its condo developments at 164 South Oxford Street and 171 South Portland Avenue in Fort Greene. MNS’ Andrew Barrocas, who is marketing the projects, said the sweeteners helps sales velocity, and that the developer was only offering them until the end of March.

“Extell’s commission deal shook the market.”

The savings, particularly on luxury apartments, can be significant. For a $10 million property, mansion and transfer taxes — which come to about 2.5 percent — can set a buyer back $250,000. Watching who foots the bill for attorney’s fees, which can run another several thousand dollars, are another way to take the temperature of the market: When things are red-hot, buyers sign those checks, but when sales are sluggish, sponsors may absorb those costs.

 

“Particularly in the over $2,000-a-foot market, developers are more likely to negotiate on some of the costs,” said Alvin Schein, a partner at law firm Seiden & Schein, who has worked with Toll Brothers, Madison Equities, Magnum and Extell on various projects.

The Bentley club

357 West 17th Street

But developers aren’t just luring buyers by agreeing to pick up the tab on the added extras. In some cases they’ll agree to make design modifications if it will get a buyer over the line.

Others are trying more outlandish stunts. Wonder Works Construction and Girona Ventures, the developers of a townhouse at 357 West 17th Street asking $36.8 million, are throwing in a Bentley worth at least $200,000. And at the Nevins, a new condo in Boerum Hill that hit the market six months ago, the developers offered gift cards to brokers and buyers during the holiday season if they signed a contract by the first week in January. (They offered $2,000 for one-bedrooms, $3,000 for two-beds and $4,000 for three-bedroom units.) “We didn’t want to lose momentum,” said the Corcoran Group’s Tamir Shemesh, who is marketing the 73-unit project for developers Naveh Shuster Group and Adam America Real Estate. Shemesh said the building is nearly 70 percent in contract, but, “you can’t sell a project at the same pace that you sell in the beginning, so when you see the potential for slowdown, you boost it up.”

Some developers prefer to spend their dollars on agents who can bring in buyers. Earlier this month, Extell took the unusual step of offering brokers a 50 percent commission advance on sales at properties now under construction — including One Manhattan Square, 70 Charlton and the Kent.

“Extell’s commission deal shook the market.” said one broker. “We’re going to see more and more of it — particularly in the Midtown corridor where there is a glut of product.”

Gale International, which is trying to sell the last penthouse 21 West 20th Street  , is taking a similar approach, wooing brokers with an unusually high commission of five percent.

“Offering a higher commission does not sell an apartment, but what it does is attract the attention of the brokerage community,” said Stan Gale Jr., president of the firm. “Everyone knows that there’s a lot of product out there, people need to differentiate.” He declined to comment on whether the firm would offer concessions in the form of paying closing costs. Toll Brothers City Living is also offering a portfolio-wide commission incentive.

But in some cases, the only way to sell is to cut prices.

“Developers are not only offering to cover closing costs, but are breaking the final barrier — pricing,” said Martin Eiden, a broker at CORE. “The reduction in pricing not only affects people who bought in the building and are trying to resell, but neighboring properties.”

In January, for example, Extell cut the prices of five apartments at Carlton House by 10 percent. “We’ve priced to account for today’s market,” Barnett recently told the Wall Street Journal. “The market wants to see some discounting.”

 Gary Barnett, One Manhattan Square, 70 Charlton Street and the Kent

 Gary Barnett, One Manhattan Square, 70 Charlton Street and the Kent

Others are going a lot further, finally facing the music about what their product is worth.

DHA Capital and Continental Properties’ triplex penthouse at 12 East 13th Street was once asking as much as $30 million. But sitting without a suitor for three-and-a-half years, it’s now all the way down to $16 million.

“It’s a very different market now,” said Compass’ Herve Senequier, who is marketing the pad. “Most properties above $15 million have received pricing adjustments, and the price now makes more sense.”

Asking A Whopping $250M!

This Los Angeles mega-mansion is now the most expensive house for sale in the country, asking a whopping $250M. The LA Times reports that owner-developer Bruce Makowsky—purveyor of luxury handbags and, apparently, luxury real estate—spent 4 years building and curating the contemporary home, which he likens to a luxury yacht rather than a house. To that end, it is surrounded by a labyrinth of moat-like canals and an infinity-edge pool that give it the appearance of floating on water. The interiors span 38,000 square feet over 4 floors and house 12 bedrooms, 21 bathrooms, 3 kitchens, a bowling alley, a candy room and a movie theater. To sweeten the deal, the buyer will also get a luxury car collection worth $30M, custom furnishings, 130 art installations, a decommissioned helicopter parked on the roof and seven full-time staff members that Makowsky will pay for two years.

Gwyneth Paltrow’s All-White Tribeca Penthouse Hits The Market For $10M

Though not notable for leading a private lifestyle (might we mention her very public “conscious uncoupling” and certain intimate products that she’s touted on her blog Goop), Gwyneth Paltrow has been reticent to showcase interior photos of her Tribeca penthouse. She first listed the pad at 416 Washington Street last March for $14.25 million; after chopping the price to $12.85 million in November, she self-published a few images on Goop; but now that it’s taken a third cut to $9,995,000, it looks like Gwynie is loosening up. LL NYC first spotted the new listing with Compass, which now has plenty of views, from the famous fuzzy nap zones, to the living room swing made of an antique Indoor door, to endless swaths of white marble and ethereal hand-painted wall coverings.

Gwyneth enlisted celeb designers Roman & Williams to outfit the 3,892-square-foot home, requesting a departure from their usual dark and moody interiors. According to Robin Standefer, principal at the firm, “Gwyneth saw how we could instead channel this ethereal palette: light delicate whites, palest lavenders, grays, silvers, embroidery details.” On Goop she was sure to note that it’s unlike those Tribeca lofts with ““rough-hewn wooden beams and exposed lightbulb filaments,” but rather “floats above the cobblestone streets like a pale, dreamy cloud” thanks to “pastel silks, hand-embroidered wallpapers, and cool swaths of marble.”

A large entry gallery is filled with storage, as well as a fireplace, skylight, and powder room. Next, the great room is topped by an 11-foot-tall, custom-pressed tin ceiling and lined with oversize arched windows and French doors leading to a charming 500-square-foot terrace. There’s a marble gas fireplace, the aforementioned sofa swing, and a super-low, zen-like dining table.

Another oversized banquette-style dining area is off the kitchen, which is covered in book-matched white marble, custom white cabinetry, and white-painted wood floors.

The master suite has access to another terrace and also boasts four custom closets and a sky-lit bathroom with heated floors, a steam shower, and deep soaking tub.

There are two more bedrooms, both with large closets and en-suite bathrooms, joined by a pocket door.

As 6sqft previously explained, “Gwyneth and then-husband Chris Martin bought the apartment as a pied-a-terre in 2007 for $5.1 million after selling a nearby loft at 13 Harrison Street that they’d bought in 2005 for $7.95 million.” Since the family is now based full-time in LA, she decided to sell.

‘The Daily Show’ Host Trevor Noah Buys $10M Hell's Kitchen Penthouse

It looks like Trevor Noah’s $15,000 rental at Stella Tower was just a space for him to kill time while waiting to move upstairs into a $10 million penthouse. The Journal reports that Noah closed today on the top-floor duplex apartment that spans the 17th and 18th floors of the 1927 Ralph Walker-designed skyscraper. In all, the star’s new spacious abode measures 3,600 square feet and comes encircled by a large, 930-square-foot terrace with sweeping views of the city.

Per the Journal, Noah scored quite a deal on the three-bedroom home, which was most recently listed at a discounted $11.5 million, down from an initial ask of $13 million.

The penthouse is surely a stunner with 14-foot ceilings and oversized windows with jaw-dropping views of Midtown and Downtown NYC. There’s also an eat-in kitchen, large closets, and solid oak flooring, details resulting from a recent conversion and renovation by JDS Development.

Amenities in the building include a 24-hour attended lobby, fitness center, media room, resident’s lounge with piano and bar, and outdoor garden.

The Hell’s Kitchen home is also close to the 52nd Street and Eleventh Avenue studio where “The Daily Show” is filmed, making for an easy commute for the TV star.

Jason Biggs & Wife List Stylish Tribeca Loft For $3M

“American Pie” and “Orange is the New Black” actor Jason Biggs married actress and author Jenny Mollen in 2008, after they met filming “My Best Friend’s Girl.” Five years later, the trendy couple bought a sprawling Tribeca loft at 288 West Street for $2.55 million, enlisting designer-to-the-stars Cliff Fong (with whom they’d worked previously on two L.A. homes) to outfit the space with a combination of modern furniture and accessories from Wayfair.com, their extensive art collection, and playful and comfortable pieces to accommodate their three-year-old son Sid–all of which blend seamlessly with the loft’s brick walls, exposed timber framing and beams, raw pipes, and open floorplan. They’ve now decided to put the apartment on the market, and it’s asking a not-especially, marked-up price of $2,995,000.

The 2,200-square-foot home is currently configured as a three-bedroom plus home office. Throughout are high ceilings, hardwood floors, and sleek recessed lighting. Fong used patterned and textured rugs to divide the open space into separate functions; he also thoughtfully mixed colorful statement pieces like the orange chairs in the sitting area with more classic choices like the Danish-style dining table and chairs. In a feature on their home, Biggs told People magazine that his style is “eclectic, rebellious and comfortable,” which certainly comes through in the interior design and artwork.

The kitchen is outfitted with all stainless steel, high-end appliances, as well as custom concrete countertops, a wine fridge, and industrial-style open shelving.

The master suite is quite large and has two window seats, an updated bathroom, and a washer/dryer.

In addition, the building has a 1,000-square-foot common roof deck with a gas grill and panoramic Hudson River views.

Meg Ryan's Stunning SoHo Loft Just Came To Market For $10.9M

Fresh off a cover feature in the holy tome of celebrity interiors, the impeccable Soho loft of actress Meg Ryan has hit the market for $10.9 million. Ryan purchased the apartment from fellow celeb Hank Azaria in 2014—and he from artist Cindy Sherman—dropping $8 million on the 4,100-square-foot abode on Mercer Street. The classic loft was fine in its own right when Ryan moved in, but its been elevated with a gut renovation by architect Joel Barkley and designer Monique Gibson.

Ryan’s no stranger to redesigning spaces. The When Harry Met Sally actress told Architectural Digest that the loft is the ninth home she’s renovated. “I know it sounds crazy to most people, the idea of renovating that many houses. But I love renovating,“ she said. “I think it’s tied to living the actor’s life. As an actor, you are so rarely in control. [W]ith decorating I am in control; it’s a chance for me to bring my vision into the world.” She does it so often, in fact, that her son Jack has a name for it: the Megan-ize effect.

The Megan-ize effect is on full display on Mercer Street, where brooding hues and antique finishes meet. The apartment is a classic loft in that it has a flowing yet funky layout suspended by seven architectural columns. The keyed elevator opens up onto a 40-foot entry hall with five windows overlooking Mercer Street on one side, and a set of high gloss black french doors that lead into the living area on the other. A separate formal dining area with a marble mantled decorative fireplace can be found behind another set of french doors at the far end of the living room.

The loft’s kitchen includes custom cabinetry by Fine Woodwork, marble shelving and countertops, subway tile, and tons of built-in shelving. The appliances are what one would expect: a six-burner Viking range with a grill, two stainless steel refrigerators, and a Bosch dishwasher.

The master bedroom is found off of the formal dining room, and doesn’t include the oversized walk-in closet that has become so desired, but has eight smaller closets as well as a massive en suite bathroom with a free-standing tub designed by Water Monopoly and vanities by Urban Archaeology. The two additional bedrooms are smaller, each with their own bath. A media room can be found off of the living room.

Biggest Price Cuts On Luxury Units This Week

Price chops in the city’s ultra-luxury market are showing no signs of slowing down.

In total, 15 properties in the over-$10 million market saw a discount of more than 5 percent in the period between Jan. 31 and Feb 6, according to data provided by StreetEasy. 

The biggest reduction was at One Madison Park, where a two-floor condominium had its asking price slashed by a whopping $5.5 million, or 17 percent.

Here’s a look at the biggest price cuts in New York City’s luxury market last week:


23 East 22nd Street, 55/56

23 East 22nd Street, 55/56
Previous Price: $32 million
Current Price: $27 million ($4,070 per square foot)
Percentage Drop: 17 percent

This five-bedroom, five-bathroom “showcase” apartment at One Madison Park was first listed in May 2015, asking $37 million. It was pulled from the market just a few days later, and returned in April last year with a $32.5 million price tag. Last week, the apartment at the Related Companies, CIM Group and HFZ Capital Group-developed property was reduced by $5.5 million, or 17 percent.

The 6,620-square-foot apartment, offered as raw space only, spans across two full floors, according to the listing. If you do happen to have $27 million to spare, buying this apartment would put you in pretty close proximity to Rupert Murdoch. In 2014, the media mogul paid $57.3 million for the four floors above this particular pad, including a triplex penthouse and a three-bedroom on the 57th floor. He listed the penthouse for $72 million in 2015, but yanked it from the market a year later.

CORE’s Jim St. Andre has the listing. He wasn’t available for comment.


151 East 58th Street, 47A

151 East 58th Street, 47A
Previous Price: $13.9 million
Current Price: $12 million ($3,922 per square foot)
Percentage Drop: 14 percent

The owner of this One Beacon Court condo is Scott Kurnit, chair of shopping website Keep.com. But if this recent discount is anything to go by, he may be keeping this 3,000-square-foot home.

Kurnit put the pad up for sale last November with a $13.9 million asking price. Last week, $2 million, or 14 percent, was lopped off the asking price.

The three-bedroom, three-bathroom apartment has floor-to-ceiling windows, 11-foot-high ceilings, custom flooring, views of the city and Central Park, a kitchen outfitted with top-of-line appliances and custom closet spaces.

The Vornado Realty Trust-developed building is also home to another notable price reduction. Billionaire hedge funder Steven Cohen has been trying to find a buyer for his apartment there since 2013. Its asking price has been dropped from $115 million down to $72 million over the years.

Compass’ Victoria Shtainer and Gabriel Zapata have the listing. The brokers could not be reached for comment.


535 West End Avenue, HiFlr

535 West End Avenue “Hiflr” 
Previous Price: $22.7 million
Current Price: $20 million ($2,366 per square foot)
Percentage Drop: 12 percent

This high-floor apartment — as it’s known for privacy reasons — spans 8,450 square feet across seven bedrooms and seven bathrooms, and features custom herringbone hardwood floors, a corner library, a formal dining room and a butler’s pantry. First listed in August last year, according to StreetEasy, the apartment at the Extell Development building was slashed by $2.7 million last week.

Adam Modlin of the Modlin Group has the listing. He declined to comment.


56 East 66th Street

56 East 66th Street
Previous Price: $17.9 million
Current Price: $16 million
Percentage Drop: 11 percent

This 8,000 square foot townhouse has eight apartments across five floors. It could, however, be turned into a single-family mansion with a limestone facade, six bedrooms, five bathrooms and an eat-in kitchen. There’s also potential for fireplaces, a “dramatic” open staircase, a private garden and an elevator, according to the listing.

Built in 1905, the townhouse was on the market for $17.9 million in October, but was dropped down to $15.9 million. It’s claim to 15 minutes of fame? Andy Warhol lived close by at number 57.

The current owner used an LLC to buy it for $14 million in 2015, records show.

Lisa Simonsen and Kristin Lukic of Douglas Elliman have the listing. Neither brokers were available for comment.


720 Park Avenue, #23C

720 Park Avenue, 23C
Previous Price: $22.5 million
Current Price: $20.1 million
Percentage Drop: 11 percent

The chance to own a pad in one of the city’s most exclusive co-op buildings just got a little cheaper — but it’ll still set you back $20 million. Apartment 23C at 740 Park Avenue is a six-bedroom, six-bathroom duplex spanning nearly 7,000 on the second and third floors. The apartment is owned by Mark Magowan, the president of publishing house Vendome Press, and his wife Nina, according to the New York Times. They bought the apartment in 1986. It features a circular staircase, four reception rooms, a gourmet kitchen and breakfast room.

It’s not the first time a expensive pad at the building has been slashed in price. In November, hedge funder David Ganek cut the price of his place at 6/7A, where a young Jacqueline Bouvier lived with her parents in the 1930s, back to $29.5 million. It’s still on the market, according to StreetEasy.

The Trump boost has been helping lately, so I’m encouraged,” said Kirk Henckels, of Stribling, who has the listing with colleague Jennifer Callahan. “The ultra-luxury market has not been good for the last six months or more, but we had as many showings in the past ten days as the first ten days after it hit the market.”

Best Countries To Live In If You’re Super Rich

Even the super rich are feeling a bit down on America right now. So for anyone with a spare million or billion dollars who is looking for an escape route, the folks at Lotto Land have put together this handy-dandy infographic that shows the best places to live for the super rich.

The typical contenders are all there: Saudi Arabia, Australia and Norway all take top slots. But there are also few surprises thrown in like Bahrain, Canada, Brunei and even the United States in a few categories (we’re number 10 for purchasing power, wahoo?). Scandinavia swept the rug in the Better Life category, while the Middle East took most of the slots in the best tax rates for the rich bracket.

Overall, the best country for the super rich to live in is Australia, followed by Switzerland, Saudi Arabia, Norway, Denmark, Canada, New Zealand, Brunei, Bahrain and Germany. See below for all of the rankings.

Prettiest Apartments To Hit The Market Last Week

So, here it is: five listing that have that special "je ne sais quoi" that separates them from the rest. Happy gawking!


↑The West Chelsea condo just hit the market for $9.5M with a full-floor, open-plan, column-free interior offers 2,600 square feet of (mostly) uninterrupted living space, with a huge foyer, an expansive living/dining area, an eat-in cook’s kitchen, two bedrooms, three full bathrooms, and so many windows your domestic life is basically public performance art.

↑There’s a lot happening with this week’s Pricespotter, a gorgeous triplex condo in Bed-Stuy, which comes with two bedrooms, two and a half bathrooms, and a roof deck that’s the size of some people’s apartments. Huge windows flood the apartment with light, and a staircase connects the different levels. It also comes with a smart home system, a washer/dryer, and a 72-square-foot private storage space, all for the price of $1.095 million.

↑A historic Ellis Island ferry—the oldest remaining, built in 1907—is looking for a new steward willing to lay down $1.25 million to own, and take care of the vessel. The ferry currently serves as the residence of artists Richard and Victoria MacKenzie-Childs, who have lived out of and docked the ship around New York City and its surrounds for the last 15 years.

↑An elegant two-bedroom, two-bathroom co-op on East 10th Street in the East Village that’s loaded with unfussy but lovely details. The downside: it’s asking $2.5 million.

↑A sprawling Tribeca condo has returned to the market just a week after it was purchased by actor/comedian Mike Myers in what we assume might’ve been a case of buyer’s remorse. The $15 million apartment is a beauty with plenty of chic, industrial charm. Some of its highlights include 14 arched windows, original beams and columns that have been restored, a huge open concept chef’s kitchen, and much more.

The 10 Biggest Sales Of 2016

A decade after developer Harry Macklowe acquired the site for 432 Park Avenue, sales at the supertall condo tower dominated 2016’s top residential deals.

Six of the building’s ultra-luxe pads were among this year’s 10 priciest closed sales — including the building’s $87.7 million penthouse, which closed in September. The spate of big-ticket deals at 432 Park  can be attributed to the fact that three years after sales launched, developers Macklowe Properties and CIM Group finally obtained a certificate of occupancy in late November 2015, allowing buyers to close on their purchases.

Overall, the top 10 sales of 2016 accounted for $517.4 million in deals, an 8 percent drop from last year, when the aggregate sale price of the 10 priciest pads was $565 million.

This year’s drop isn’t too surprising given the widespread softening in the high-end market.

Even at Rafael Vinoly-designed 432 Park, buyers who signed contracts and closed on their units this year received an average discount of 10 percent, according to a recent analysis by real estate appraisal firm Miller Samuel.

Barring any deals at the 11th hour, this year’s priciest transaction also falls short of last year’s biggest purchase, when an investor group led by hedge funder Bill Ackman shelled out $91.5 million for a penthouse at One57. But with several other ostentatious pads on the market — the 12,000-square-foot apartment listed for $96 million at 834 Fifth Ave comes to mind — anything could happen.

Here’s how this year’s top closed sales stack up. Keep in mind that the closed sale prices in property records do not reflect so-called price concessions, which are indicated on a separate rider and are not publicly recorded. So some of these buyers on the list below may have paid less than the prices indicated.

View from the Penthouse at 432 Park Avenue

View from the Penthouse at 432 Park Avenue

1. 432 Park Avenue, PH 96 | $87.7 million
Three years after going into contract, Saudi retail magnate Fawaz Al Hokair reportedly closed on the highest — and priciest — pad at Harry Macklowe’s stratospheric 432 Park Avenue. In September,  Al Hokair shelled out $87.7 million, or over $10,600 per foot, for the 8,255-square-foot aerie. In an unusual move, co-developer CIM provided a $56 million money mortgage to acquire the unit, which was asking $95 million. The penthouse features a wood-burning fireplace and the building’s signature 10-foot-by-10-foot windows.

2. 432 Park Avenue, Unit 88 | $60.9 million
Lew Sanders, the former CEO of asset manager AllianceBernstein, forked over $60.89 million — or just under $7,600 per square foot — for one of the priciest penthouses at 432 Park. The five-bedroom, 8,055-square-foot pad, one of the last full-floor units in the building, was first listed in May 2014 for $76.5 million, or $9,497 per square foot. Sanders retired from AllianceBernstein in 2008 and now runs his own money-management firm, Sanders Capital, which claims to have $20 billion in assets under management.

3. 432 Park, Unit 79 | $59.1 million
In June, a Los Angeles-based corporation, 432 Crotona Park Avenue LLC, plopped down $59.1 million for a full-floor spread on the 79th floor, property records show. The buyer paid roughly $7,337 per foot for the apartment, a combination of two half-floor units that together span more than 8,000 square feet.

4. 4 East 66th Street, 5 | $52 million
Hedge funder Chase Coleman III parted with $52 million in July to expand his den at 4 East 66th Street, paying a premium over the co-op’s $48 million asking price. The Tiger Global Management head and his wife bought the fifth-floor pad from Gracie Capital’s Daniel Nir and his wife, Jill Braufman, who paid $29 million for the 15-room apartment in 2007. They listed the apartment for $48 million last year. The Colemans already live in the building, having spent $36.5 million in 2007 for two apartments on the sixth floor that were once owned by Veronica Hearst.

5. 212 West 18th Street, PH2 | $45 million
Talk about a workout: LA Fitness CEO Louis Welch sold his Walker Tower penthouse for $45 million in June, two years after picking up the Chelsea pad for $40 million. According to brokers in the building, the unit wasn’t even listed for sale when the mystery buyer — identified as Walker Tower 1-8 LLC — came out of the woodwork, paying $6,678 per square foot for the pad. Welch paid just over $6,044 per foot for the five-bedroom condo, which has 360-degree views and three wood-burning fireplaces. The 47-unit tower served as an office for Verizon before JDS Development Group and Property Markets Group converted it to high-end condos.

6. 432 Park Avenue, Unit 64A | $44.8 million
Bennett LeBow, chairman of Douglas Elliman’s parent company, Vector Group, made a big splash at 432 Park this year — dropping $44.8 million on a 64th-floor pad. LeBow bought the full-floor condo in April, joining partner Howard Lorber, who bought a half-floor unit on the 67th floor. LeBow paid roughly $5,562 per square foot for his digs, several floors below Lorber.

7. 432 Park Avenue, Unit 82B | $43.3 million
At $43.4 million, 432 Park’s Unit 82B was one of the year’s priciest sales — but the condo is just one of two units the mystery buyer picked up for a combined $62 million. Property records show that buyer Blessings Investments also paid $18.6 million for Unit 82A, giving the LLC a full floor at Macklowe and CIM’s ritzy tower. The larger condo, Unit 82B, spans 5,421 square feet and was not publicly marketed. The smaller unit, with 2,633 square feet, was listed for $21.5 million.

The Baccarat Penthouse

The Baccarat Penthouse

8. 33 East 74th Street | $42.8 million
Russian billionaire Alexey Kuzmichev jumped into the megamansion game this year, dropping $42.8 million on the 10,000-square-foot Atterbury Mansion at 33 East 74th Street, which he planned to combine with a smaller unit to make an even bigger spread. Kuzmichev, head of Russia’s Alfa Bank, closed on the townhouse in May, when he also shelled out $15.5 million for a 3,800-square-foot condo in the adjacent Whitney Condos, a 10-unit building developed by Daniel Straus. But Kuzmichev has since had a change of heart: In September, he listed the quadplex for $44 million.

9. 20 West 53rd Street, PH | $42.6 million
A mystery buyer paid $42.6 million for the penthouse at the Baccarat Hotel & Residences — a nearly 30 percent discount from the condo’s original price. The buyer — identified in public records as PH 20 West 53rd LLC — snagged the condo in July for $5,771 per square foot. The 7,381-square-foot duplex, with five bedrooms and five baths, was originally asking $60 million when it hit the market in August 2015. Developers Starwood Capital Group and Tribeca Associates later cut the price to $54 million. According to the developers, there are only two unsold units left in the 60-unit building.

10. 432 Park Avenue, Unit 77B | $39.2 million
A mystery buyer paid $39.2 million in July for a casa in the sky at Macklowe and CIM’s 432 Park. According to public records, a corporation known as Residencia LLC closed on Unit 77B, paying $7,242 per square foot for the four-bedroom, five-bathroom condo spanning 5,421 square feet.

Five Largest Units On The Manhattan Market Right Now

As nice as private pools and radiant floors are, everyone knows that the ultimate luxury in New York City real estate is space. While most New Yorkers make do in cramped quarters (or just give up and adopt Marie Kondo’s philosophy), for a lucky — and very wealthy — few, it is possible to snag a home that is big enough to accommodate even the most extensive collections. As proof, take a look at the homes below, which are the biggest non-commercial units on the market right now. Read ’em and weep.

Address: 50 East 69th Street
Price: $72,000,000
Size: 21,070 square feet
The gargantuan Upper East Side spread is the largest home on sale in New York — though it is in need of a little TLC, much like the guests it has been housing recently. Up until May 2016, the building was home to the Center for Specialty Care, an outpatient facility for plastic surgery.


Address: 3 Pierrepont Place, Brooklyn
Price: $40,000,000
Size: 18,000 square feet
We guess you really do get more for your money in Brooklyn! The second-largest home in the city is significantly cheaper than the Manhattan-based winner. Of course, it is the most expensive home in the borough and it’s apparently attracted some star visitors; Matt Damon was spotted checking out the home in September.


Address: 12 East 96th Street
Price: $19,500,000
Size: 17,700 square feet
Built in 1916 by Ogden Codman, Jr., the building once belonged to Robert Livingston, a blue-blooded American financier, but since 1990 the house has been home to the Italian international school, La Scuola d’Italia Guglielmo Marconi. It comes with seven stories, an elevator, a wood paneled ballroom, seven fireplaces, high ceilings, a garden, and right now – a whole lot of classrooms.


Address: 12 East 79th Street
Price: $38,500,000
Size: 16,200 square feet
This building, which currently serves as the New York headquarters of the School of Practical Philosophy, has seen a couple of serious price chops since it first hit the market in 2014 asking for a whopping $51 million. Its sizable 16,000 square feet is spread across six stories, an English basement and a cellar. It’s right across the street from former Mayor Michael Bloomberg and his very-very-nearly two townhouses.


Address: 62 Cooper Square #PH
Price: $29,500,000
Size: 15,781 square feet
Spread across the top three floors of the Carl Fischer Building, this unit – obviously – holds a whole lot, including two private terraces, a billiards room, a library, and personal yoga studio. Pretty impressive. No news on who’s selling up, but songstress Norah Jones once owned in the building.


Last Week’s Celebrity Update

In the latest installment of Leonardo DiCaprio’s real estate shuffle, the Oscar-winning actor has parted ways his eco-friendly apartment at 66 East 11th Street. According to the Observer, DiCaprio’s 3,663-square-foot condo sold for $8 million — $2 million less than he paid for the pad in 2014 — in an off market deal.

Sculptor Anish Kapoor apparently likes to sleep where he works. The artist whose 40-ton steel sculpture sits at the base of Alexico and Hines’ condo tower at 56 Leonard just purchased an apartment in that very building.

San Francisco 49ers quarterback Colin Kaepernick has been making some major plays — in real estate that is. The headline-hogging football player has been revealed by the LA Times as the owner of a $3.2 million condo at Tribeca’s Enrique Norten-designed 1 York Street.

Alas, this is not the house Bruce Willis sold  Bruce Willis has sold his sprawling Mulholland Drive ranch for $6 million. The property comprises eight lots over 35.45 acres with a 2,905 square-foot four-bedroom home, Variety reported.

Disgraced Democratic politician John Edwards has listed his enormous North Carolina estate for $6.9 million, according to the Wall Street Journal. It’s nearly as nice as his haircut.

Kylie Jenner and her Hidden Hills home 

It seems like just yesterday we reported on the youngest Jenner/Kardashian snapping up the $4.5 million home which was reportedly destined to become her home office, and already it’s back on the market — just five months later — for a pretty significant $5.4 million, almost a whole million more than she splashed out for it.

Ben Carson and the Florida home he’s put on the market 

Former neurosurgeon, pyramid theorist, thwarted Republican candidate, and upcoming secretary of the Department of Housing and Urban Development Ben Carson is ready to part ways with his miniature Florida mansion. Possibly to make room for his ever expanding resume.

This Week’s 5 Most Expensive Lgistings

Each week, StreetEasy has scores of new listings. But here’s the crème de la crème, otherwise known as the five most expensive residential listings to hit the market in Manhattan in the past seven days.

47 West 9th Street

Address 47 West 9th Street
Price $22,950,000
Type/Size Townhouse: six bedrooms and seven bathrooms
This week’s most expensive listing is this Greenwich Village townhouse. Built in 1910, the 9,200-square-foot spread comes with a library, multiple fireplaces, terraces, staff quarters, home theater, fitness center and an enviable 1,000-bottle wine cellar.


21 East 61st Street #15A

Address 21 East 61st Street #15A
Price $21,500,000
Type/Size Cond-op: four bedrooms and five-and-a-half bathrooms
Thanks to a wealth of differing definitions, we’re still not entirely sure what constitutes a cond-op, but this Upper East Side pad apparently is one, according to StreetEasy. We do know that it comes with Central Park views, a library, and a ton of storage space.


121 East 79th Street

Address 121 East 79th Street
Price $18,500,000
Type/Size Townhouse: six bedrooms and five-and-a-half bathrooms
This Upper East Side home is owned by restaurateur Simon Oren, who snapped it up in 1997 for a bargain price of $2.1 million. It has a glass-walled kitchen, elevator, arched floor-to-ceiling windows, artist’s studio, gym and garden.


845 United Nations Plaza #32AE

Address 845 United Nations Plaza #32AE
Price $12,995,000
Type/Size Condo: four bedrooms and four-and-a-half bathrooms
Over in Turtle Bay, this 3,502-square-foot spread at the building known as Trump World Tower is described as a “luxurious mega retreat in the sky.” But alas, unlike Trump Tower, it doesn’t come with any Secret Service perks. Although it does have room for a motorcycle.


326 West 77th Street

Address 326 West 77th Street
Price $10,995,000
Type/Size Townhouse: six bedrooms and eight bathrooms
This Upper West Side townhouse is an odd one. Described as “an opportunity of endless potential” and with only renderings to glance over, we can’t help but wonder what condition the townhouse — which will be delivered vacant — is in currently. Likely it’s divided into apartments, but the listing doesn’t divulge. Instead it tells us that the architects envision multiple terraces and a home gym.

Ricky Martin's New Beverly Hills Home

Everyone’s favorite turn-of-the-millennium pop star and hip thruster has just snapped up a pretty seven bedroom spread in Beverly Hills.

According to real estate gossip blog Yolanda’s Little Black Book, Ricky Martin paid $13.5 million for the 11,300-square-foot home.

The walled and gated house reportedly sits below the street and is mostly single level. It has 14-feet-high ceilings, walls of custom sliding wood doors, three fireplaces, a chef’s kitchen with a butler’s pantry, a tiered movie theater, and an 800-bottle wine cellar.

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Outside there’s a 40-foot infinity-edge swimming pool and spa, a bar, and a fully equipped outdoor dining room and kitchen. Plus the home boasts an eco-freindly rainwater harvesting system capable of storing up to 4,000 gallons, parking for nine cars, and a 2,000-square-foot secluded wellness center.

In 2015 Martin — who earlier this month announced his engagement to his boyfriend Jwan Yosef — sold his three-bedroom condo at Noho’s 40 Bond Street for $7.5 million.

This Week’s 5 Most Expensive Listings

In the past seven days, seven new listings priced at $10 million and above hit the market, according to StreetEasy. From that list, these are the crème de la crème, otherwise known as the five most expensive residential listings.


441 West 21st Street

Address 441 West 21st Street
Price $24,700,000
Type/Size Townhouse
Built in 1854, this Chelsea townhouse has flirted with fame though appearances on “Saturday Night Live” and “Louie”, plus it’s been featured on the pages of Elle Decor, Vogue, Town & Country, and New York magazine. It has nine fireplaces, original moldings, and five skylights.


9 East 89th Street

Address 9 East 89th Street
Price $19,995,000
Type/Size Townhouse
Also on the Upper East Side is this sprawling six-story townhouse, which for the past 30 years has been the home of the non-profit organization, the New York Road Runners. It has an elevator, a limestone facade, Central Park views, and plenty of charming original features.


15 Central Park West #28B

Address 15 Central Park West #28B
Price $18,800,000
Type/Size Condo: two bedrooms and two-and-a-half bathrooms
This swanky 2,367-square-foot spread is at the equally swanky Robert A.M. Stern-designed park-side tower. For your money you get floor-to-ceiling windows, hardwood floors, crown moldings, custom closets, and amenities galore.


157 East 82nd Street

Address 157 East 82nd Street
Price $12,000,000
Type/Size Townhouse: six bedrooms and six-and-a-half bathrooms
This is the second Upper East Side townhouse to make our Most Expensive list this week, and although it’s half the size of the home above, it still comes with plenty of perks. There’s 12-foot-high ceilings, three fireplaces, a library, a chef’s kitchen, a garden, a top floor solarium, and a much coveted private garage.


275 West 10th Street #6D

Address 275 West 10th Street #6D
Price $11,975,000
Type/Size Condo: four bedrooms and four-and-a-half bathrooms
This pretty pad is at The Shepherd, a recently renovated West Village building. The 3,805-square-foot space holds built-in bookcases, barrel vaulted ceilings, and hardwood oak floors. Plus residents have access to amenities including a basketball court, a gym, a golf simulator, and a screening room.

Ten Most Expensive Listings In The U.S.

The luxury residential market may be experiencing a little bit of a slowdown here in New York City, but that hasn’t stopped billionaires around the country from listing their giant homes for equally gigantic prices. On occasion, these listings are snapped up quickly, as the Playboy mansion was earlier this year for $100 million. But often, they linger on the market for many, many months (or even years), until the owners finally budge and sell them for a significant discount.

In the meantime, we get to gawk at the listing photos. Below, the ten most expensive homes for sale in the country right now.

1.

The Manor, Holmby Hills
Price: $200,000,000
Type/Size: 14 Bedrooms, 27 Bathrooms, 56,500 Square Feet
Address: 594 Mapleton Dr., Los Angeles, CA 90024
Current owner: Petra Blunt, previously owned by film/television producer Aaron Spelling
Details: The Manor in Holmby Hills is situated on a nearly five-acre lot and is one of the largest and arguably most impressive residences in Los Angeles. The French chateau-style home was designed in 1988 by James Langenheim & Associates. The current owner is Petra Blunt, who is the daughter of billionaire Formula One executive Bernie Ecclestone. She purchased the home in 2011 for $85 million, which at the time was the highest price ever paid for a home in the United States.

She then proceeded to carry out a lengthy renovation, hiring approximately 500 workers to construct a bowling alley, wine cellar, gym complete with massage and tanning rooms, a 7,000-square-foot master suite with a two-level closet, swimming pool, tennis court, and circular motor court with a fountain and enough space to park 100 cars.


2.

Gemini
Price: $195,000,000
Type/Size: 33 Bedrooms, 47 Bathrooms, 62,873 Square Feet
Address: 2000 S Ocean Boulevard Manalapan, FL 33462
Current Owner: The late publishing executive William B. Ziff Jr. owned the home until his death in 2006. His family put it on the market in January 2016.  
Details: The mansion comes with total privacy on Manalapan’s esteemed barrier island just south of Palm Beach. The property has five houses, including a 12-bedroom Mediterranean-style main residence designed during World War II, a seven-bedroom guest house, two seaside cottages, a property manager’s house, manager’s office, a PGA-standard golf practice area, regulation tennis court, half basketball court, playground, bird sanctuary, an indoor/outdoor pool room, Robinson Crusoe-style tree house and a garden with over 1,500 species of tropical trees and plants.


3.

Great Island Road
Price: $175,000,000
Type/Size: 10 Bedrooms, 10 Bathrooms, 13,107 Square Feet
Address: Great Island Road, Darien, CT 06820
Current owner: Descendants of industrialist William Ziegler
Details: This property is a 63-acre waterfront island estate with East, South and West views of the Long Island Sound. The Italian stone manor house includes four fireplaces, a cabana, a guest house, views of a lighthouse, a secluded harbor in a hidden cove, a terrace, porch, French doors, considerable stable and equestrian facilities including a polo field and an indoor ring along with other dwellings, a beach house and a boathouse. It is located only minutes from Greenwich.


4.

Le Palais Royal
Price: $159,000,000
Type/Size: 11 Bedrooms, 17 Bathrooms, 60,508 Square Feet
Address: 935 Hillsboro Mile, Hillsboro Beach, FL 33062
Current owner: Robert Pereira, the founder of Middlesex Corporation, a construction company
Details: As you can probably tell by its name, Le Palais Royal is a French-inspired palace that was modeled after the Palace of Versailles in France. It was first listed in 2014 for $139 million, but was taken off the market about a year later and returned in November 2015 with an asking price of $159 million. The palace has a 13-foot wrought-iron gate that is embellished with 22-karat gold-leafing; Versailles-esque waterfalls and a three-tier 26-foot fountain; a spacious salon with panoramic views of the Atlantic Ocean; a fireplace; four Corinthian columns; elaborate hand-molded plaster and ceiling appliqués and five chandeliers.

Renovations are currently happening that will add structures to a smaller lot on the property. Here, there will be two 3,000-square-foot guest homes, a pool and an underground entertainment space with an ice-skating rink, go-kart track, bowling alley and nightclub.


5.

Briar Patch
Price: $140,000,000
Type/Size: 10 Bedrooms, 9.5 Bathrooms, 10,300 Square Feet
Address: 90 Briar Patch Road East Hampton, NY 11937
Current owner: Education entrepreneur Chris Whittle
Details: The 11-acre Hamptons estate was listed in 2014 and is currently the most expensive home for sale in the Hamptons. The waterfront home is situated on Georgica Pond, which can be seen from the sizeable front porch. The property is composed of a 10,000-square-foot main house, in addition to a four-bedroom guest home. The main house was built in 1931 and recently underwent a two-and-a-half year renovation.


6.

Il Palmetto
Price: $137,000,000
Type/Size: 10 Bedrooms, 14 Full Baths, 12 Partial Baths
Address: II Palmetto Palm Beach FL 33480
Current owner: Netscape Billionaire Jim Clark
Details: This house (and its infinity pool) is located on a 5.14-acre lot, which stretches from Lake Worth to the Atlantic Ocean. Built in the 1930s, the main houseincludes two elevators, a wine cellar made of carved limestone that can fit 20,000 bottles, and carved wood ceilings in the living and dining rooms. Clark purchased the home for $11 million in 1999.


7.


Trophy Estate in Trousdale
Price: $135,000,000
Type/Size: 7 Bedrooms, 10 Bathrooms, 18,000 Square Feet
Address: 1187 N Hillcrest Rd,Beverly Hills, CA 90210
Current owner: Lebanese-British business mogul Gilbert Chagoury.
Details: This 2.5 acre property in Trousdale Estates is filled with decadent details, including gold leaf crown moldings, hand woven carpets, a swimming pool and 360-degree views of Los Angeles. Its current owner, Gilbert Chagoury, is a friend of Bill and Hillary Clinton, and has donated a considerable amount of money to the Clinton Foundation. After he purchased the estate for $15 million in 2000, he added Baccarat chandeliers and hand-woven carpets, which will be sold with the home according to the WSJ. The estate also has a giant pool overlooking the city and space to park up to 20 cars.


8.

Rancho San Carlos
Price: $125,000,000
Type/Size: 12 Bedrooms, 10 Full Bathrooms, 3 Partial Bathrooms, 29,483 Square Feet
Address: 2500 E Valley Rd,Santa Barbara, CA 93108
Current owner: Jim Jackson
Details: This 237-acre estate is located in Montecito, where celebrities like Oprah Winfrey, Ellen Degeneres and Jeff Bridges own homes. The property includes a 30,000-square-foot main house, 100 acres of citrus and avocado orchards, living rooms surrounded by a central courtyard, an underground badminton court, an English-style bar that can only be accessed through a secret door and upper terrace bedrooms. Charles H. Jackson Jr., a rancher, property investor, polo player and the grandnephew of U.S. President Chester A. Arthur and his wife Ann purchased the property nearly a century ago. It is now owned by Jim Jackson, Jackson Jr.’s grandson, who is selling Rancho San Carlos because his family is not able to maintain the estate. “It’s hard for us to let it go, but it’s too hard to keep,” he told the WSJ.


9.

834 Fifth Avenue #7/8A
Price: $96,000,000
Type/Size: 7 Bedrooms, 10 Bathrooms, 12,000+ Square Feet
Address: 834 5th Ave # 78A, New York, NY 10065
Current owner: Owned by the financier John Gutfreund until his death in March
Details: The most expensive listing in NYC is located on the seventh and eighth floors of one of the most exclusive co-ops buildings in the city. It has a wine cellar, a gallery, a “grand marble staircase” and an enormous master suite. It was initially listed for $120,000,000 in April of this year, but the asking price was brought down to $96,000,000 in September.


10.

Pumpkin Key (Private island in the Florida Keys)
Price: $95,000,000
Type/Size: 3 Bedrooms, 3 Full Bathrooms, 1 Partial Bathroom, 2,942 Square Feet
Address: 10 Cannon Point, Key Largo, Monroe County, FL 33037
Current owner: Unknown
Details: Pumpkin Key is less than a 50-minute boat ride away from Miami. The 26-acre island includes a private beach, tennis courts that can also be helipads, a private airstrip, swimming pool, two cottages, and a boat captain’s apartment. The private marina has parking space for up to 20 boats.

This Week’s 5 Most Expensive Listings

In the past seven days, 16 new listings priced at $10 million and above hit the market, according to StreetEasy. From that list, these are the crème de la crème, otherwise known as the five most expensive residential listings.

12 East 80th Street

Address 12 East 80th Street
Price $35,000,000
Type/Size Townhouse: seven bedrooms and nine-and-a-half bathrooms
This 10,000-square-foot home is just off Fifth Avenue, and just a stones-throw away from the Metropolitan Museum of Art. Built in 1886, it has four fireplaces, three laundry facilities, three terraces, a roof deck and what looks like a pretty impressive kids play room.


740 Park Avenue #6/7A

Address 740 Park Avenue #6/7A
Price $29,500,000
Type/Size Co-op: four bedrooms and six bathrooms
This spread is at 740 Park Avenue, Manhattan’s most prestigious co-op building. It comes with a marble gallery, a sweeping staircase, a “baronial” living room facing Park Avenue and a library. This isn’t the first time that the tony 12-room duplex – known as the Bouvier Apartment – has been up for grabs; it was originally listed for $44 million in 2014.


3 East 94th Street

Address 3 East 94th Street
Price $29,500,000
Type/Size Townhouse: six bedrooms and six-and-a-half bathrooms
This Upper East Side townhouse which was owned by the late president of American Express has a fully-equipped gym, a sauna, two master bedrooms, which each have their own master bathroom (in case you don’t want to share), a roof terrace with views of Central Park and a wine cellar that can hold 400 bottles. Plus it was designated a landmark in 1974.


941 Park Avenue #5/6C

Address 941 Park Avenue #5/6C
Price $20,000,000
Type/Size Co-op: seven bedrooms and seven-and-a-half bathrooms
This listing is the opportunity to combine two full-floor spreads. The resulting pad would be a 9,000-square-foot duplex with a formal dining room, library, media room, home office, den, play room, and two wood-burning fireplaces.


505 West 19th Street Penthouse-1

Address 505 West 19th Street Penthouse-1
Price $17,500,000
Type/Size Condo: four bedrooms and four-and-a-half bathrooms
Perched next to the High Line you’ll find this building, and its swanky penthouse. The full-floor unit has oversized windows, a chef’s kitchen, a cast iron soaking tub and multiple terraces.