OLSHAN LUXURY MARKET REPORT

Fill in your address below to receive this regular report via email



Subscribe | Unsubscribe


October 19-25, 2015

Report on Contracts Signed
NYC Residential Properties
$4 Million and Above

25 Contracts Signed

Twenty-five contracts were signed last week at $4 million and above, but any New Yorker who’s focusing on the Manhattan luxury real estate market…well, they’ve got no soul. THE METS ARE IN THE WORLD SERIES!!!!!

The No. 1 contract was PHB at 36 Bleecker Street, asking $19,995,000, reduced from $23 million when it started on the market in June 2013, offered off of floorplans in a new condo called The Schumacher. This 20-unit building was a former printing plant converted to a condo that started closings last month. A penthouse duplex with 4,571 square feet, it features 4 bedrooms, 4 bathrooms, 2 powder rooms, and 2 fireplaces, plus 13-foot ceilings, a 24-foot entrance gallery, and a terrace. Amenities include a doorman, gym, children’s playroom, and storage.

The No. 2 contract was 35G at 1 Central Park West, asking $14.775 million, reduced from $15.25 million when it went on the market in June. This Trump International condo has 3 bedrooms, 4 bathrooms, and 3,059 square feet. The living room and dining room face Central Park. Amenities include a spa fitness center, pool, garage, and the restaurant Jeans Georges.

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
October 19-25, 2015

East

West

Midtown

Downtown

Asking $/sq.ft.

Totals

Co-ops

2

1

0

2

Avg.Ask:$5,678,000

5

Condos

3

2

3

9

Avg.Ask:$7,774,705
Avg.$/sq.ft.:$2,898/sq.ft.
Avg.Size:2,683sq.ft.

17

Condops *

2

0

0

0

Avg.Ask:$7,147,500
Avg.$/sq.ft.:$3,627/sq.ft.
Avg.Size:1,971sq.ft.

2

Townhouses

1

0

0

0

Avg.Ask:$7,000,000
Avg.$/sq.ft.:$1,728/sq.ft.
Avg.Size:4,052sq.ft.

1

Totals

8

3

3

11

25

Total Weekly Asking Price Sales Volume: $181,854,990
Average Asking Price: $7,274,200
Median Asking Price: $5,995,000
Average Discount from Original Ask to Last Asking Price:7%
Average Days on Market:249
*Condop is a co-op with condo rules.

TO VIEW 24 CONTRACTS SIGNED ON APARTMENTS:
Please click here to view the listings. If that doesn't work, please copy and paste the following address into your browser. Alternatively, you can Press Control and Click on the link below:
http://media.realplusonline.com/webreports/1512247a985fc4.htm


TO VIEW 1 CONTRACTS SIGNED ON TOWNHOUSES:
Please click here to view the listings. If that doesn't work, please copy and paste the following address into your browser. Alternatively, you can Press Control and Click on the link below:
http://media.realplusonline.com/webreports/15122474857fbc.htm

Donna Olshan
President
dso@olshan.com

Emily Chen
Private Wealth Real Estate Services
Chief of Research
ecc@olshan.com

CLICK HERE TO VIEW PAST MARKET REPORTS.

Email Olshan Olshan on Twitter Olshan on Facebook