Introduction to the VU Penthouse
Penthouse B at the VU offers a private terrace with direct Empire State views.
Courtesy of Brown Harris Stevens
We hear Brown Harris Stevens has put a penthouse apartment under contract that is the highest-priced condo sale ever in Kips Bay. Though Behind The Hedges does not know what the final sale price will be, the contract price, we’re told, sets a new benchmark for the neighborhood, a positive sign for the New York City real estate market.
The Penthouse Details
Located within the VU at 368 Third Avenue, a 100-unit high-rise that was completed in 2021 and soars above its neighbors, Penthouse B was last asking $9,499,000 when the contract was signed on July 14. This duplex penthouse offers 2,296 square feet, three bedrooms and three-and-a-half baths.
The upper-level main living area of #PHB at the VU, located at 368 Third Avenue.
Courtesy of Brown Harris Stevens
Breaking Records in Kips Bay
The record to beat in Kips Bay, a neighborhood considered to run from 34th Street to 23rd Street, bounded by the East River and Third Avenue to the west, is $7,655,625 — That’s the price Penthouse No. 1 at 181 East 28th Street sold for in March of 2024. With 3,114 square feet in the condo, that equates to a price of $2,458 per square foot.
Features and Amenities
Situated on the 33rd and 34th floors of the 36-story building, the condo unit offers coveted features for any New York City apartment; Eleven-foot ceilings and floor-to-ceiling windows provide city views in three directions out from Kips Bay. A spacious foyer leads into the open-concept living and dining areas, as well as provides access to the private terrace with direct Empire State Building views. The kitchen, like much of the interior spaces at the VU under interior designer Paris Forino’s direction, are sophisticated and have a light palette, with bleached oak and white lacquer.
Residents of the VU enjoy New York City skyline views.
Courtesy of Brown Harris Stevens
Interior Design and Primary Suite
The primary suite features a spa-like bathroom with walls clad in oversized soft white marble tiles and an intricate mosaic floor pattern made of three different marbles. Sinks and showers are complemented by The Grace Collection, Forino’s custom line of faucets and fixtures for Waterworks in polished chrome, produced exclusively for VU New York, according to the listing.
Building Amenities
Residents of the VU enjoy a doorman and full floor of amenities from the fitness center to the screening room. A rooftop terrace is situated on the final and 36th floor, featuring lush greenery and a place to lounge and take in the city views.
Brown Harris Stevens handles the exclusive sales and marketing for the VU. The agents, Candice Milano, Malessa Rambarran and Brett A. Miles, declined to comment.
Recent Market Trends
A striking townhouse in West Chelsea comes to market, while record-breaking deals are happening in Kips Bay and FiDi. Plus, Frances Katzen breaks down some data.
The lower level primary bedroom
Courtesy of Brown Harris Stevens
Conclusion
The potential record-breaking sale of Penthouse B at the VU is a significant indicator of the strength of the New York City real estate market. With its luxurious features, stunning views, and prime location, this penthouse apartment is a highly coveted property. As the market continues to evolve, it will be interesting to see how this sale affects the overall trends in Kips Bay and beyond.
FAQs
Q: What is the current record for the highest-priced condo sale in Kips Bay?
A: The current record is $7,655,625, set by Penthouse No. 1 at 181 East 28th Street in March 2024.
Q: How much was Penthouse B at the VU last asking?
A: Penthouse B was last asking $9,499,000 when the contract was signed on July 14.
Q: What amenities does the VU offer its residents?
A: The VU offers a doorman, full floor of amenities, fitness center, screening room, and a rooftop terrace with lush greenery and city views.
Q: Who handles the exclusive sales and marketing for the VU?
A: Brown Harris Stevens handles the exclusive sales and marketing for the VU.
Q: What is the square footage of Penthouse B at the VU?
A: Penthouse B offers 2,296 square feet.
