Manhattan’s luxury real estate market maintained its momentum last week, with several high-value properties securing contracts. The most notable transaction was the Woolworth Mansion at 4 East 80th Street on the Upper East Side, which found a buyer after being listed for $49.5 million. According to Olshan Realty, this deal was the highest-priced contract signed in Manhattan between October 27 and November 2.
This marks the third consecutive week that Manhattan has seen at least 30 contracts signed for homes asking $4 million or more. This activity comes despite some predictions that uncertainty around the upcoming New York City mayoral election would slow down buyer interest.
The Woolworth Mansion, designed by Charles P.H. Gilbert and built in 1915, is a seven-story limestone townhouse spanning 20,000 square feet. It features nine bedrooms, eleven and a half bathrooms, three kitchens, and an elevator. The late fitness entrepreneur Lucille Roberts and her husband Bob Roberts bought the property from the Young Men’s Philanthropic League in 1995 for $6 million before renovating it.
Previously, the Roberts family listed the mansion for $90 million in 2011 but withdrew it two years later. In 2021, it was rented out at a monthly rate of $80,000. Adam Modlin of The Modlin Group represented the sellers in this latest transaction.
The second priciest contract last week was for a full-floor unit on the 28th floor of 50 Central Park South—also known as the Ritz-Carlton—which was last listed at $29 million. The apartment covers 6,800 square feet with four bedrooms and five and a half bathrooms. Its main rooms overlook Central Park for over one hundred feet. The seller originally purchased it in July 2005 for just over $17.5 million. Carol Staab with Sotheby’s International Realty managed this listing.
Sheridan Wall contributed reporting.
