Walker Tower Penthouse Under Contract

A full-floor penthouse atop Walker Tower, a newly converted luxury condominium in Chelsea, has gone into contract for more than $50 million, a new high for a condo sale in downtown Manhattan.

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If the deal closes, the purchase at 212 West 18th Street, near Seventh Avenue, will beat out that of the top unit at 18 Gramercy Park, for which Leslie Alexander, the owner of the Houston Rockets basketball team, paid $42 million in September, as well as that of a penthouse at 56 Leonard in TriBeCa, which is in contract for $47 million. Walker Tower is a 24-story Art Deco building, designed by the architect Ralph Walker and converted into 47 luxury apartments by the JDS Development Group and the Property Markets Group.

The five-bedroom five-and-a-half-bath unit occupies the entire top floor at nearly 6,000 square feet. It has 13-foot coffered ceilings, three wood-burning fireplaces, nearly 500 square feet of outdoor space and expansive Manhattan and water views. Other lavish touches include hydronic radiant heat, a Smallbone of Devizes  kitchen and a custom-paneled eight-foot entry door.

Listed in late September for $55 million, the apartment didn’t sit around long. “You would think at this price point that people would have a chance to go away from this and take some time to think about it,” said Vickey Barron, the broker from Douglas Elliman Real Estate who had the listing and is handling sales for the building. She noted that showings hadn’t begun until a week later, because the French herringbone oak floors were still being installed.

The final price was not disclosed. Ms. Barron would say only that it went into contract for “slightly less than ask.”

Penthouse One, as the unit is called, attracted interest from several potential buyers, including one from London and two who had already bought in the building. “They’re going to be surprised,” Ms. Barron said, of how quickly the contract was signed. “It’s one thing when I said to them, ‘You need to act now.’ It’s another when it’s gone.”

A possible consolation — Penthouse Two, a larger unit one floor below — is expected to be brought to market soon, at a still-undisclosed price.


By Michelle Higgins, The New York Times

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