18 Gramercy Park has the boutique condo market on lockdown, with half of its 16 units in contract, including the swank $42 million penthouse.
The sale of the five-bedroom duplex penthouse at the Zeckendorf brothers project on the corner of Irving Place marks the highest price ever paid for a Manhattan apartment south of 59th Street, according to Miller Samuel president Jonathan Miller. The 6,300-square-foot duplex, which sold for its full asking price, has a salon, an outdoor swimming pool and four terraces, including a 40-foot balcony facing the Chrysler Building and Gramercy Park.
Each unit in the 17-story building measures at least 4,200 square feet, with an average asking price of $17.5 million, according to the Wall Street Journal. Marketing for the project, developed by the same team behind 15 Central Park West, started in July.
Developers Arthur Zeckendorf, William Lie Zeckendorf and Israeli billionaire Eyal Ofer told the Wall Street Journal that all the buyers at 18 Gramercy Park so far are Americans. Come on, international frillionaires; you get a chance to unlock Gramercy Park with an exclusive key that’s numbered, dated and distributed under a Byzantine 181-year-old system! In the States, that’s practically Old World.