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New Western Developments Dominate Manhattan Luxury Deals
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New Western Developments Dominate Manhattan Luxury Deals

A West Village condo from Aurora Capital Partners stole the top spot in Manhattan’s luxury market last week.

The sixth floor of 140 Jane Street, which was asking $40.5 million, was the most expensive home in the borough to find a buyer between Oct. 21 and Oct. 27, according to Olshan Realty’s weekly report. A total of 26 properties asking $4 million or more have signed contracts, up from 19 in the previous period.

The apartment, purchased by a local buyer, spans 8,000 square feet and includes five bedrooms, five bathrooms and a sunroom with sliding glass doors. It also has a living and dining room with 10-foot ceilings facing the Hudson River.

Corcoran Sunshine is leading sales of the 11-story, 14-unit building, which includes amenities like a doorman, garage, fitness center and lap pool. New York’s attorney general approved the development’s offering plan in June, which called for a $401 million sale.

Last year, Aurora secured $114 million from Apollo Global Management to finance construction of the project, which sits on what was once a parking lot. Another unit in the building, asking $23.3 million, found a buyer in early September.

The second most expensive home to go into contract was a penthouse at 211 West 84th Street from the Naftali Group, with an asking price of just under $27 million.

The apartment, which was sold off-plan, spans 6,700 square feet and includes six bedrooms and six bathrooms. It also has a library and a 750 square foot terrace.

Compass’ new development marketing arm, led by Alexa Lambert, is leading sales of the Robert AM Stern-designed building, known as Henry. Amenities at the 18-story, 45-unit complex include a half-basketball court, a pickleball court and a fitness center.

Naftali’s Upper West Side conversion landed him in court two years ago, after a penthouse tenant refused to leave after his lease expired in 2021. The same year, other longtime tenants shared their frustrations with The real deal that the developer made conflicting offers to tenants and made them sign non-disclosure agreements.

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Of the 26 homes found for buyers, 21 were condos, two were co-ops and three were townhouses.

The combined asking price of the homes was approximately $270 million, which translates to an average price of $10 million and a median price of $8 million. A typical home spent just one day on the market and received a 14% discount.