The Real Deal:

Terrace takeover: UES condo tops Manhattan luxury contracts

March 7, 2022Download PDFRead Full Article

The priciest home to enter into contract last week was PHC at 200 East 83rd Street, according to Olshan Realty’s weekly report (https://www.olshan.com/marketreport.php) on homes asking $4 million and above. The unit was last asking $32.5 million, up from the $30 million it asked when the building started marketing last May.

 

The duplex condo has 6,592 square feet across six bedrooms and six and a half bathrooms. Its four terraces total 1,864 square feet.

 

The home features a 37-foot great room, which opens onto a terrace facing Central Park, along with a den off the kitchen that opens onto a 55-square-foot terrace. The upstairs bedrooms have terraces off a primary suite and second bedroom.

 

Architect Robert A.M. Stern designed the new 85-unit, 38-story building. Its amenities include a fitness center, 70-foot swimming pool, yoga and massage rooms, steam bath, movie theater game room, children’s playroom, communal terrace and lounge.

 

Over 90 percent of the 85 units have sold, averaging $2,900 per square foot.