Twenty-three contracts were signed last week in Manhattan at $4 million and above, the same total of tepid sales as the previous week. More noteworthy was the relatively low volume--$155 million in sales.
As an example, take a look at the property that occupied the No.1 spot: 55 West 90th Street, a brownstone asking $11,995,000, reduced from $12,995,000 when it went on the market in September. The house was purchased by developers for $6.4 million in January 2015 and then gut-renovated. It has 6 bedrooms, 7 bathrooms, 2 powder rooms, and an elevator.
The No. 2 contract was 8A at 212 Fifth Avenue, asking $11.1 million. The corner unit has 3,008 square feet including 3 bedrooms and 3.5 bathrooms, and features a 16’ x 37’ great room with 10.5-foot ceilings. The living room and master bedroom have views of Madison Square Park. 212 Fifth Avenue is a prewar office building that is being converted to a 48-unit condo. Amenities include a doorman, concierge, fitness center, children’s playroom, storage, and valet parking.
Done Deal: The most expensive townhouse ever sold in Manhattan---19 East 64th Street—closed last week for $79.5 million. This 41-foot-wide, 5-story limestone house has 18,860 square feet, and is commercially-zoned. It was the former home of the Wildenstein Gallery, and has a storied history of lawsuits, broken deals, and accusations of stolen art from the Nazis.
CLICK HERE TO VIEW 21 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 2 CONTRACTS SIGNED ON TOWNHOUSES