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Madison Ave Condo Hits $40M | Real Estate News

Madison Ave Condo Hits $40M | Real Estate News

Published 1 day, 4 hours ago
Description

Madison Avenue’s hottest luxury condo just hit a record-breaking $40.5M sale — a 5,300 sq ft penthouse on the 19th floor with five bedrooms, five baths, and two balconies. With only two units left at under $39M, this 22-story tower by Legion Investment Group and Nahla Capital is nearly sold out, set to finish in fall 2027. The Manhattan high-end market surged last week, with 26 contracts signed for properties over $4M — up from 21 — averaging $5,400 per sq ft. Meanwhile, another mega-deal closed: a West 12th Street duplex for $19M in the Greenwich Lane complex.

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