90 Morton, the previous 1912 printing warehouse turned state-of-the-art luxury residences nestled amongst the cobblestones of Manhattan’s West Village neighborhood had Penthouse 11A, the most expensive of the collection of 35 homes, go into contract last week. The duplex apartment which spans 5,800 square feet with six bedrooms, was on the market for $40 million, with exclusive sales by Reuveni Real Estate (RRE).
According to the latest Olshan Realty report which measures contracts signed from the week of Dec. 31, 2018 through Jan.6, 2019, 90 Morton’s contract was the highest signed to start 2019, and further defying what we are seeing as the slowing Manhattan market, which according to Douglas Elliman, suffered a 14 percent drop in sales in 2018, the greatest the industry has seen since 2009.
Shlomi Reuveni, RRE’s CEO, is confident the sale is the return of high-end buyers returning to the market in search of investment diversification. “Interest in the building, and also in the penthouse specifically, had picked up toward the last two months of the year,” he said.
90 Morton is developed by Brack Capital Real Estate USA, and launched sales last April 2018. The condominium conversion has a stellar design team with interiors by Leroy Street Studio, co-founded by Marc Turkel, and Asaf Gottesman of GSArch, as the building’s concept architect. Asaf had a major influence on Penthouse 11A, as he went above and beyond for the outdoor space, cantilevering terraces above the setbacks of NYC’s building restrictions, further enhancing space and exclusivity for the buyer that will live there. The penthouse has approximately 2,000 square feet of outdoor space alone.