City Realty:

NYC Contracts: Over Half A Billon In Contracts Includes $62M In Deals Signed at 255 East 77

October 8, 2024Read Full ArticleDownload PDF

As September 2024 gave way to October, Manhattan saw 224 residential apartment and townhouse contracts signed from September 30 - October 6, the highest tally since spring. If all sell for the asking prices, this would come to an aggregate total exceeding half a billion dollars in residential sales.

 

Sales have only recently launched at 255 East 77th Street, a collaboration between developer Naftali Group and Robert A.M. Stern Architects (RAMSA), but a total of $62,310,000 across nine contracts has already been recorded. Among them was Residence #31A, a half-floor four-bedroom that was asking $9,380,000 in the tenth-highest contract of the week.

 

All units at 255 East 77th Street feature oversized windows, eat-in kitchens with honed Calacatta marble countertops and Miele and Sub-Zero appliances, luxe primary baths with rain showers and radiant heated floors, and generous storage space throughout. The building's extensive amenity package includes a fitness center with yoga room, a 75-foot indoor pool, a spa with steam room and sauna, a library with fireplace and terrace access, a children's playroom, a screening room, a soundproof music room with recording studio, and porte-cochere leading to an automated parking system.

 

As an aside, 255 East 77th Street is not the only new collaboration between Naftali Group and RAMSA, the team behind The Bellemont and 200 East 83rd Street. Sales at their Upper West Side boutique condominium The Henry are off to a robust start, and the four-bedroom Residence #4C entered contract with a $6,750,000 asking price last week. With this contract, 20% of the units in the building are spoken for.