EJS’ 200 E 75th St tops Manhattan’s lux market

Key Points

- The two priciest deals inked in Manhattan's luxury market between March 16 and March 22 were penthouses at Ted Segal's 200 East 75th Street on the Upper East Side.

- The top contract was for Unit PH4, asking $19.7 million, while the second was Unit PH2, asking $17.5 million.

- In total, 29 luxury properties asking $4 million or more entered contract during the week, consisting of 21 condos, seven co-ops, and one townhouse.

Ted Segal’s Upper East Side condominium dominated Manhattan’s luxury market last week. Penthouses at 200 East 75th Street snagged the two priciest deals inked in the borough between

March 16 and March 22, according to Olshan Realty’s report. During the period, buyers signed contracts for 20 homes asking $4 million or more, up from 26 in the previous week.

Unit PH4 at the 18-story development stole the No. 1 spot, with an asking price of $19.7 million. The apartment, which initially asked just under $19.5 million when sales launched two years ago, spans nearly 5,000 [sqft] and has five bedrooms and five bathrooms. It also features two terraces and a formal dining room with a fireplace.

The second most expensive home to enter contract was Unit PH2, with an asking price of $17.5 million. The 4,200-square-foot condo also has five bedrooms, five bathrooms and two terraces.

The units were among the building’s five penthouses, four of which have already found buyers, including PH5, which sold last December for more than $21 million to New York Met’s shortstop Francisco Lindor.

Only one of the penthouses, Unit PH1, is still on the market, with an asking price of $18.5 million.

The building, developed by EJS Group, has 35 units, 31 of which have closed so far for an average of $2,600 per square foot. Its amenities include a golf simulator, roof terrace with an

outdoor kitchen, cinema and fitness center.

A Compass Development Marketing team, including Alexa Lambert, Susan Wires and Marc Achilles, head sales at the project.

Of the 29 properties to enter contract, 21 were condos, seven were co-ops and one was a townhouse. The homes asked a combined $240 million, which works out to an average of $8.3 million and a median of $6.5 million.

The typical home was on the market for a year and a half and had a discount of 3 percent.