I’m not complaining about last week’s action in the Manhattan luxury real estate market, but it would be nice if we could top 30 contracts signed at $4 million and above for the first time in 2016.
Of the 28 contracts signed at $4 million and above, the No.1 contract was Penthouse B at 247 West 12th Street, asking $14.995 million. This 8-room duplex co-op has a 40-foot great room with a wood-burning fireplace and a 1,000-square-foot landscaped roof deck, outfitted with a full kitchen and sweeping views of downtown Manhattan. Penthouse B is a combination of 2 units that were purchased in 2007 for $6,175,000, then extensively renovated and designed by the architecture firm of Gluckman Tang.
The No. 2 contract was 11A South at 160 Leroy Street, asking $14.5 million, reduced from $15.25 million when it went on the market in January. This 4-bedroom, 3.5-bathroom unit has 3,450 square feet and Hudson River views. This new condo was sold off of floorplans, and is designed as a spectacular undulating glass structure by the Pritzker Prize-winning architects Herzog & de Meuron. Amenities in the 49-unit building include a landscaped motor court, a doorman, concierge, parking, fitness center, pool, and children’s playroom.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 4 | 1 | 0 | 5 | Avg.Ask: $7,103,000 |
10 |
Condos | 3 | 4 | 1 | 7 | Avg.Ask: $6,215,267 Avg.$/sq.ft.: $2,540 Avg.Size: 2,447 |
15 |
Condops * | 0 | 0 | 0 | 0 | 0 | |
Townhouses | 1 | 1 | 0 | 1 | Avg.Ask: $9,050,000 Avg.$/sq.ft.: $1,392. Avg.Size: 6,502 |
3 |
TOTALS | 8 | 6 | 1 | 13 | 28 |
CLICK HERE TO VIEW 25 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 3 CONTRACTS SIGNED ON TOWNHOUSES
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |