News Flash! The No. 1 contract of the year was signed last week in a Downtown condo. The unit was PHH at 443 Greenwich Street, asking $54 million. It was one of the 28 contracts signed at $4 million and above.

PHH at 443 Greenwich is a triplex with 8,908 square including 5 bedrooms, 6 bathrooms, 2 powder rooms, a dining room, library, and a rooftop entertainment room. It also has a 3,246-square-foot terrace with a plunge pool and a summer kitchen. The great room is 40-feet long with 20-foot ceilings, and there is a private interior elevator. Two private parking spaces are also included in the sale.

The No. 2 contract was apartment 4B at 33 East 74th Street, asking $14.750 million. This condo unit has 3,889 square feet including 3 bedrooms and 3.5 bathrooms. The living room, dining room, and one bedroom face Madison Avenue. The unit is in a new condo building that is being created out of a row of landmark brownstones next to the former Whitney Museum. The Wall Street Journal reported last week that Russian billionaire Alexey Kuzmichev spent $57.5 million for 2 units in the building that he plans to combine. In October, he went to contract on a 10,000-square-foot unit for $42 million, and recently purchased an adjoining 3,800-square foot apartment for $15.5 million.