Subject: 🏢 A Look Inside a Midtown $10M Gem!

A Rare Manhattan Purchase at $10M!

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Exclusive $10 Million Penthouse Purchased in Midtown Manhattan

The Luxury of Stella Tower

A stunning new duplex in Stella Tower, an iconic art deco building in Midtown Manhattan, has recently changed hands for $10 million. This sprawling residence, located on the 17th and 18th floors, offers an impressive 3,600 square feet of living space and boasts a large 930-square-foot wraparound terrace. The apartment, which was previously listed for $11.495 million, features sweeping views of Midtown and Downtown Manhattan.


A Rare Find in Hell's Kitchen

The penthouse's location in Hell's Kitchen makes it a rare find, with the sale marking one of the highest prices ever recorded in the neighborhood. The upper level includes the master suite, complete with access to the terrace, while the lower level houses two additional bedrooms, the living room, dining room, and kitchen.


Stunning City Views

From the master bedroom, the views are nothing short of spectacular. The Empire State Building can be seen from a cast-iron soaking tub in the master bath, offering the perfect escape after a busy day. The panoramic vistas stretch across the entire city, adding an element of tranquility to this luxurious residence.


An Architectural Gem

Designed in the 1920s by famed architect Ralph Walker, Stella Tower was recently converted into condos, blending historic charm with modern luxury. The building’s proximity to some of the city’s top attractions, as well as the set of “The Daily Show,” makes it an ideal choice for those seeking both style and convenience in New York City.

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J. Crew CEO Cuts Price on $20M Tribeca Loft

A Major Price Cut in Tribeca

A stunning Tribeca loft has just reappeared on the market with a significant price cut. Originally listed for $35 million in 2015, the five-bedroom, 6,226-square-foot residence is now available for $19.95 million, reflecting a massive $15 million reduction. This drastic price drop comes after the loft remained unsold for almost two years.


Elegant Design Meets Industrial Charm

Designed by the renowned French architect Thierry Despont, the apartment features elegant interiors with a perfect blend of sophistication and industrial charm. Highlights include arched windows, original columns, and industrial doors, elements that lend the space a unique character. These stylish details are a fitting match for a high-profile fashion industry leader.


Prime Tribeca Location

Situated on Franklin Street, the boutique building is a full-service condominium with just 12 units, offering an exclusive living experience. The property benefits from 24-hour doorman service and is located in close proximity to other notable residents in the area, including one of the city's most iconic pop stars.


A Smart Investment in New York’s Real Estate

The apartment has an impressive history, with its purchase price recorded at $14.3 million in 2012. The property remains an exceptional investment opportunity in the heart of Tribeca, one of Manhattan's most coveted neighborhoods.

TODAY'S MEME

Manhattan's Luxury Market Stays Resilient Despite Market Shifts

Luxury Homes Continue Strong Performance

Manhattan’s luxury real estate market remains resilient, with strong sales for homes priced between $4 million and $10 million. While overall deal volume shows stability, sales for high-end trophy homes have been slower this spring.


Steady Sales Amid Market Uncertainty

In a recent week, 28 contracts were signed for homes priced at $4 million or higher, totaling an asking volume of $211.2 million, which averages just over $7.5 million per home. Though this represents a slight dip from the previous week’s 33 contracts, the volume remains high, demonstrating the strength of Manhattan’s luxury market even amid ongoing market fluctuations.


Luxury Sales Exceed Expectations

In the last four weeks, 113 contracts were signed for homes valued at $4 million and above. This marks an increase from previous years, even amid global market turmoil and uncertainty around key financial indicators. Despite some challenges, Manhattan’s high-end real estate market continues to perform well.


Trophy Sales Lag Behind

While the lower range of the luxury market remains robust, sales of homes priced above $10 million have been limited. Only 12 contracts were signed for properties in this price range in the last month—the lowest number since 2017. Recent deals include a $25 million Upper East Side townhouse, a Plaza Hotel condo listed at $18.9 million, and a Park Avenue condo on the Upper East Side priced at $14.5 million.


Diverse Property Types in Demand

Of the 28 deals, the majority—21—were condos, while seven were townhouses and three were co-ops. This diverse mix of property types highlights the ongoing appeal of Manhattan’s luxury real estate to a wide range of affluent buyers.

Stunning $8.4M Soho Penthouse with Rooftop Oasis

A Rare Soho Gem

Nestled in the heart of Soho, this remarkable duplex penthouse offers an unparalleled living experience for those seeking both luxury and location. Priced at $8.4 million, the home spans 2,276 square feet and boasts three spacious bedrooms, each designed with exquisite attention to detail. The standout feature, however, is the private, two-tiered rooftop garden, offering stunning views of the Manhattan skyline and the perfect space for entertaining.


Luxury Living with Soaring Ceilings

This penthouse is housed in a 1920s-built condominium, where classic design meets modern sophistication. The open floor plan is complemented by soaring ceilings and abundant natural light streaming through large windows. A chef’s kitchen designed by Norbet Wangen and outfitted with high-end appliances such as a Gaggeneau fridge and freezer, Sub Zero wine storage, and a walk-in pantry ensures every culinary need is met with ease.


Two-Tiered Terrace with Unbeatable Views

The expansive rooftop garden is the ultimate luxury, providing a serene outdoor retreat with panoramic views of the city. Featuring lounge seating, a firepit, and custom wooden planters, this terrace offers a unique place to relax or entertain. For those seeking even more of the iconic New York City skyline, the upper deck delivers unobstructed vistas, making it ideal for cocktail parties or quiet evenings under the stars.


An Ideal Soho Location

Soho is renowned for its blend of high-end shopping, cultural attractions, and vibrant nightlife. The neighborhood is home to world-class galleries, renowned restaurants, and exclusive boutiques. Living here means being just steps away from the finest that New York has to offer, including some of the city’s most iconic dining spots and galleries, ensuring residents are always in tune with the latest trends.

The Dragon: A $22M Palisades Masterpiece

A Bold, Angular Design

Nestled in the exclusive Pacific Palisades neighborhood of Los Angeles, a stunning seven-bedroom estate known as The Dragon is now on the market for $22 million. The home spans an impressive 11,400 square feet and sits on nearly a third of an acre, blending striking angular forms with natural materials to create an architectural masterpiece. This home features an open, airy floor plan with walls of glass that seamlessly integrate indoor and outdoor spaces, offering a tranquil and luxurious lifestyle.


Striking Exterior and Thoughtful Layout

The Dragon's exterior stands out with its matte-black metal panels, a box-gable roof, and a unique, winding layout. Its design was inspired by the idea of a dragon ready to take flight, creating a powerful visual narrative. As you step inside, the home’s grandeur unfolds, with a double-height entryway accentuated by vertical wooden panels, guiding visitors through a journey of carefully selected materials and spaces.


Natural Materials and Indoor-Outdoor Harmony

Natural wood, eye-catching stonework, and a clever use of glass define the interior. The two-story atrium leads into the formal living and dining areas, where floor-to-ceiling windows open up to the lush garden outside. The interplay of light, wood, and water is a key feature, with a stunning stone waterfall cascading down two stories into a plunge pool, creating an atmosphere of tranquility and flow.


State-of-the-Art Kitchen and Luxurious Amenities

The gourmet kitchen is a masterpiece in itself, featuring two sculptural islands and top-of-the-line appliances hidden behind bespoke wood and glass cabinetry. A spacious butler’s kitchen and walk-in pantry are discreetly tucked away for convenience. The home also boasts a second living area, a stone firepit, a swimming pool, and a spa, with cross-canyon views that extend to the Century City skyline and Pacific Ocean.


Ultimate Luxury in Every Detail

On the second floor, the primary suite offers a sanctuary of luxury, complete with a stone fireplace, a sitting area with a wet bar, custom walk-in closets, and a private balcony. The spa-grade bath ensures ultimate relaxation, while additional features include a home theater, fitness room, steam shower, and sauna. For car enthusiasts, the home includes a four-car garage, rounding out the opulent experience.


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