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

13 Contracts Signed

The No. 1 contract was apartment 5BC at 140 Franklin Street. The condo came on the market asking $13,500,000—and according to a reliable source, sold for at least $1 million more in a bidding war! The unit has 6,226 square feet, 5 bedrooms, and 4.5 bathrooms. It is in excellent condition with a huge entertaining space that includes a 49’ living room and a 22-foot center-island kitchen with top of the line appliances. Adjacent to the kitchen is a media room with a wood burning fireplace. The unit went on the market in the first week in March and sold almost immediately.

The No. 1 contract was apartment 5BC at 140 Franklin Street, asking $13,500,000. The condo has 6,226 square feet, 5 bedrooms, and 4.5 bathrooms. It is in excellent condition with a huge entertaining space that includes a 49’ living room and a 22-foot center-island kitchen with top of the line appliances. Adjacent to the kitchen is a media room with a wood burning fireplace. The unit went on the market in the first week in March and sold almost immediately.

The No. 2 contract was a 20-foot wide brownstone at 64 Perry Street, asking $9.65 million. It is being resold after closing for $9,011,000 in November 2011. The 4,104 square foot house has many original details but needs to be renovated.

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
March 26- April 1, 2012

	East	West	Midtown	Downtown	Asking $/sq.ft.	Totals
Co-ops	2	1	0	0		3
Condos	1	0	4	4	$2,061/sq.ft. Avg.Size:3,403sq.ft.	9
Condops *	0	0	0	0		0
Townhouses	0	0	0	1	$2,351/sq.ft. Avg.Size:4,104sq.ft.	1
Totals	3	1	4	5		13

Total Weekly Asking Price Sales Volume: $87,234,000
Average Asking Price: $6,710,308
Median Asking Price: $5,850,000
Average Discount from Original Ask to Last Asking Price:4%
Average Days on Market:187
*Condop is a co-op with condo rules.

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Donna Olshan
President
dso@olshan.com

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

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