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In Market

17 Jane’s Final Townhouse Hits the Market; Casa Cipriani Set to Debut

Jul 23, 2021 | By: LX Collection

New Townhouse at 17 Jane Seeks $31.9 Million

The final townhouse at 17 Jane Street, David Chipperfield’s distinctive West Village ground-up development, has hit the market for $31.9 million. The residence at 11 Jane Street is one of two exclusive townhouses included in the new luxury development. (The other was reportedly purchased by actress Jennifer Lawrence in 2020.) Spanning 6,378 square feet, the home features five bedrooms, four full bathrooms, and two half bathrooms. The townhouse also includes a 1,773-square-foot private backyard—the fourth-largest in Downtown Manhattan.

Alibaba Co-Founder Behind Blockbuster 220 Central Park South Deal

Alibaba co-founder and Brooklyn Nets owner Joseph Tsai is the mystery buyer who purchased two adjacent 220 Central Park South condos for $157.5 million in June, CNBC has learned. Tsai purchased a 5,935-square-foot residence spanning the full 60th floor of the Robert A.M. Stern-designed building for $82.5 million and the similarly sized full-floor residence above it for $75 million. The sale also included a studio on the 18th floor. 

The purchase of the two full-floor apartments together constitutes one of the priciest residential transactions of all time in New York, though it is bested by hedge fund manager Ken Griffin’s $238 million purchase of a roughly 24,000-square-foot residence in the same building in early 2019. The residences purchased by Tsai were both resales that netted the sellers considerable profits: In 2020, the 60th-floor residence sold for $50.9 million, and the residence above sold for $51.4 million.

30 Park Place Penthouse With Shelter Magazine Bonafides Finds a Buyer

The 78th-floor duplex penthouse at Robert A.M. Stern Architects’ 30 Park Place has gone into contract at an asking price of $39.5 million, according to the Olshan Luxury Market Report, which keeps tabs on luxury residential sales in New York. The 6,127-square-foot residence received a glossy spread in Architectural Digest in early 2021, shortly before the residence came to market, that touted its unique loggia with expansive Manhattan views and its Monique Gibson-designed interiors. The seller, an unnamed financial executive, paid $30 million for the residence in 2017. The penthouse features three bedrooms, five full bathrooms, and two powder rooms.

Sydney Poised to Large Jump in Prime Housing Prices

Australia’s largest city will see the biggest jump in the average price of luxury properties this year, according to Knight Frank’s prime residential price forecast. Mansion Global reports that, of the cities surveyed, Sydney is projected to have the largest increase in average price, at 10%, followed by Miami (at 6%), and by Los Angeles and Hong Kong (both at 5%). 

Government measures have enabled some cities to begin rebounding from the pandemic. “Government fiscal stimulus measures have been revised upward, protecting jobs and incomes via furlough schemes, meaning there have been few forced property sales,” said Kate Everett-Allen, Knight Frank’s head of international residential research, in the report. “Banks in key developed markets offered mortgage holidays to customers reducing repossessions and foreclosures.” Additionally, the report found that the pandemic enabled households to accrue some $5 trillion globally in savings, allowing some people to update their homes, relocate, or buy a second home or investment property. Between March and June 2020, Sydney saw a 33 percent increase in super-prime average transaction value year-over-year, to $16.8 million.

Battery Maritime Building Approaches New Life as Casa Cipriani

The Battery Maritime Building, a Beaux-Arts landmark in Downtown Manhattan, will debut as Casa Cipriani, a private members club, on August 16, New York YIMBY reports. Casa Cipriani will be “a true private members club in the modern sense and will bring together an eclectic community who shares life’s simple pleasures,” according to its website, with 47 rooms and suites overlooking the Brooklyn Bridge and the Statue of Liberty. 

The property’s interior revamp by Thierry Despont will include a 15,000-square-foot spa and gym. Casa Cipriani is currently fielding membership requests. In a December 2020 interview with the Wall Street Journal, project manager Maggio Cipriani said the club will accept about 1,500 individuals at a cost of $3,600 per year.