Penthouse At 277 5th Avenue Goes Under Contract For $20 Million By Sotheby's Brokers

The asset involved in this transaction is a condo located at 277 5th Avenue in the NoMad market. It is listed for an asking price of $20,000,000 and spans 4,500 square feet, equating to a price per square foot of $4,444.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $20,000,000
• Address: 277 5th Avenue
• Market: NoMad
• Square Footage: 4,500
• Price per Square Foot: $4,444
• Asking Price: $20,000,000
• Broker Representatives: Mara Flash Blum & Nikki Field - Sotheby's International Realty

This transaction is notable for its timeline; Penthouse 54 at 277 Fifth Avenue entered contract last week after initially asking for $23,000,000 in 2017. This deal marks it as the priciest among 25 Manhattan homes that were sold for $4,000,000 or more between January 6-12.