In Market

The Belnord Shows Off RAMSA Redo; Miami Penthouse Will Seek $40M

By: LX Collection

The Belnord Unveils Gallery-Like Model Residence After RAMSA Renovation

To mark the completion of the modern rethinking and renovation by Robert A.M. Stern Architects, the classic Upper West Side condominium building The Belnord has unveiled a model residence curated by frenchCALIFORNIA that bridges the gap between apartment and gallery. The three-bedroom, three-and-a-half-bathroom residence, which was just listed for $6.475 million, features iconic design pieces by the likes of Nancy Lorenz and Pierre Yovanovitch from gallery R & Company.

“One of the things I love to do is pair contemporary works from artists we represent with pieces of historical design. It is not often we get to do this in the gallery setting,” said Evan Snyderman, cofounder of R & Company. “In my world, context is everything so having an opportunity to create a complete domestic space in an old-world New York apartment was a thrill.” The residence is open to the public for viewing by appointment and will feature a rotating selection of art. 


Residents-Only Bars and Lounges Lure Discerning Buyers

Developers are always looking to reinvent amenities to keep buyers enticed, and the pandemic has had no small influence on steering the trends. Case in point: the New York Post reports that in-house bars and lounges are the newest must-have for high-end residential spaces, with buildings like Fasano Fifth Avenue—an offshoot of the luxury hospitality brand—offering its posh on-site bar only to those living in its New York residences and their guests. Upper East Side condominium The Leyton also joins the pack with its 24th-floor indoor and outdoor entertaining space dubbed “The Brandy Room,” as does One Manhattan Square with its wine tasting room where tasting classes will be offered through a new partnership with Somm Cellars Wine & Spirits. 

Miami Penthouse with Indoor Pool Poised to Return for $40M

The sprawling penthouse of Miami’s Echo Brickell is poised to hit the market for $39.5 million, over $30 million more than its most recent selling price in 2020, Mansion Global has learned. While the reason for the price hike is hazy—the seller was unavailable for comment, according to the original article—the residence is surely grand. Spread over more than 11,000 square feet, the penthouse features an indoor pool, a gallery, a glass staircase, and 28-foot ceilings in some rooms. “Sometimes you walk into a space and it feels like a museum,” said listing agent ​​Dina Goldentayer with Douglas Elliman. “This penthouse managed to have the ‘wow’ moments while still feeling like a warm space where you could hold a conversation.” 

Quay Tower Notches Another Major Contract in Brooklyn

A residence at Brooklyn waterfront condominium Quay Tower is in contract with an asking price of $10.65 million, likely representing what will become the priciest condominium deal in Brooklyn this year to date. The 4,544-square-foot residence has four bedrooms, three full bathrooms, and one half bathroom in addition to an entry foyer and mudroom. “This sale is a perfect example of the confidence buyers around the world have right now in New York, and specifically Brooklyn, for the long term,” said listing broker Ryan Serhant. “$10M plus trades were unheard of in Brooklyn just a few years ago. The table has been reset.”

According to SERHANT.’s Q3 Brooklyn market report, the borough saw more than $1 billion in sales with an entry price point of $2.2 million in the third quarter. By comparison, the top 10% of sales in this period last year totaled just under $365 million with an entry price point of $1.79 million.

In Manhattan, the week from October 4 to 10 notched the second-highest number of luxury contracts priced at $4 million or above in a given week this year, with 46 deals, according to Donna Olshan’s weekly luxury market report

Olympia Dumbo Launches Sales in Brooklyn from $1.75M

The tallest condominium building in the Brooklyn neighborhood of Dumbo has launched sales of its 76 one- to five+-bedroom residences with private terraces, priced from $1.75 million. The 33-story Olympia Dumbo was designed by Hill West, with interiors by Workstead that feature ceiling heights up to 18 and a half feet; maple kitchen cabinetry; Gaggenau, Bosch, and Thermador appliances; and custom wet bars. The building’s 38,000 square feet of indoor and outdoor amenity space include a porte cochere, pet spa, two-lane bowling alley, gym, tennis court, and outdoor pool and hot tub. 

If Olympia Dumbo achieves the prices of its penthouses set forth in the building’s initial offering plan, they will break the borough record for costliest condominiums set by the $15 million sale of 1 Main Street’s penthouse in 2017. Both penthouses will seek more than $15.5 million, a representative for the project confirms.