Price Comps: What’s Selling And What’s Listing In New York And Los Angeles

Price Comps: What’s Selling And What’s Listing In New York And Los Angeles

Time Stamp: August 15, 2023 12:30 PM
Source Node: 2215166

The wheels of the United States luxury real estate market keep turning with big-time sales and exceptional new listings popping up every day.

While on opposite coasts and consisting of disparate inventory, New York City and Los Angeles share similarly competitive markets and, as such, have some of the most expensive real estate in the country.

Here are some latest luxury properties that recently hit or left the market in two of America’s greatest cities.

FOR SALE—Manhattan ($2.2 Million)

Hudson Square, a West Side neighborhood just south of Greenwich Village, was once known as the printing district. Today, printing businesses have been replaced by the likes of Google and Disney, with both having built sizable headquarters in the once-industrial area just this year. Even before the completion of these offices, Hudson Square has risen in stature, and apartments like this 2-bedroom, 2.5-bathroom residence are listing for a more competitive price.

Stretching over 1,100 square feet, the floor plan includes a dining room, foyer and a stylish Poliform kitchen complete with stainless-steel countertops, walnut cabinetry and high-end appliances from Miele, Sub-Zero and Dacor. Eight-foot windows maximize views and make for a bright-airy interior.

The fourth-floor apartment is located inside 15 Renwick, a 31-unit building designed by ODA Architecture. Amenities for the modern complex include a fitness center, 24-hour doorman and rooftop deck with exceptional views of the New York skyline and the Hudson River. Thomas Duger of Midtown-based brokerage, Elegran, holds the listing.

FOR SALE—Beverly Hills ($4.4 Million)

Although traditional in its front-facing exterior appearance, this Beverly Hills home has an array of modern luxuries hidden up its sleeve. In the backyard alone, unconventional amenities such as a saltwater swimming pool with waterfall features, putting green and an outdoor Viking kitchen make for the ultimate entertainer’s space. Still, the 2,800-square-foot home also showcases timeless touches, such as hardwood floors throughout, wainscotting and shutter window treatments.

The first floor houses two of the home’s three en-suite bedrooms as well as a formal dining room, sunken living room and a den. Upstairs, the primary suite fits a windowed alcove, dressing room and fully remodeled bathroom and, across the hall, the second upstairs bedroom has been converted into a massive walk-in closet. Tucked away on a nonthrough street, 513 Hillgreen sits between Hillcrest Country Club and Roxbury Park. Hilton & Hyland‘s Paul Salazar holds the listing.

SOLD—Brooklyn ($4.65 Million)

A $4.65 million, all-cash sale for a newly constructed townhome showcases the ever-growing prestige and value of homes in the north-central Brooklyn neighborhood of Clinton Hills. Completed in 2021, the 3,300-square-foot residence is one of seven masterfully designed townhomes built on Clinton Hill’s Mansion Row. Despite covering four stories, the home’s parlor floor still boasts 12-foot ceilings with transom windows and walls of glass with sliding doors leading to an outdoor terrace.

A sizable front-to-back silver skylight on the roof feeds light onto the solid oak staircase. High-end finishes can be seen throughout, including Calcutta marble slabs in the primary bathroom, custom-built white walnut Italian cabinetry in the chef’s kitchen and Terrazzo floors in the three remaining full bathrooms. The exterior features a similar sophistication with brick coursing, modern cornice treatment and archways reminiscent of nearby carriage houses. Matthew Wojnarowicz at Elegran held the listing.

SOLD—Palos Verdes Estates ($11 Million)

With homes set on a dramatic hillside landscape overlooking the Pacific Ocean, Palos Verdes Estates has quietly grown into a popular alternative to Malibu. Offering more reasonably priced properties, the area is still one of the most exclusive communities in southern California. At $11 million, the sale of this elegant French chateau-style mansion is well above the average for Palos Verdes Estates.

However, it is not necessarily an anomaly for the seaside town that still stores inventory approaching that price. That said, the home is anything but standard. Fronted by towering gates, a winding brick driveway and courtyard, the 10,000-square-foot stately mansion sits above Palos Verdes Peninsula with views of a famed bit of California coastline known as the Queen’s Necklace.

Displaying its French inspirations, the home features ornate detail molding, crystal chandeliers and a spiral staircase. Other highlights include a 12-seat movie theater, pool lounge and wine cellar. Thanks to the home’s hillside positioning, the grounds are spread across multiple layers of manicured gardens and terraces with exceptional far-reaching views. Lily Liang of Strand Hill Properties represented the sellers of the distinguished estate.

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