If you wanted fireworks last week, you had to wait until the 4th of July. Which is not to say that the total of 24 contracts that were signed at $4 million and above was nothing to cheer about. In fact, the activity was a refreshing way to kick off the summer.
For example: Going against the prevailing trend, the No. 1 contract was 73A at 432 Park, asking $33.750 million, RAISED from $29.750 million when it was marketed off of floorplans in 2013. Now completed, the condo has 4,019 square feet including 3 bedrooms, 4.5 bathrooms, a library, and spectacular views of the city, East River, and Central Park. The unit features 12.5-foot ceilings and windows that measure 10 x10 feet. This new building is 96 stories high, a concrete-and- glass edifice designed by Rafael Vinoly that is 1,396 feet tall and can be seen from almost anywhere in the 5 boroughs. Amenities include a fitness center, a 75-foot pool, private dining, parking, a garden, and a children’s playroom.
The No. 2 contract was 33 West 71st Street, asking $13.995 million, reduced from $18.5 million when it went on the market in November 2014. This 19.5-foot-wide house has 5 stories and 8,500 square feet including 6 bedrooms, 4 full bathrooms, and 4 powder rooms. It was purchased for $6.225 million in 2013 and gut renovated. The house has all the modern conveniences including an elevator, central air, bathrooms with radiant heat, a garden, and a rooftop terrace that features a hot tub and an outdoor kitchen.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 0 | 1 | 2 | 1 | Avg.Ask: |
4 |
Condos | 2 | 2 | 0 | 12 | Avg.Ask: $8,417,687 Avg.$/sq.ft.: $2,792/sq.ft. Avg.Size: 3,015 sq.ft. |
16 |
Condops * | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 0 | 2 | 1 | 1 | Avg.Ask: $9,097,500 Avg.$/sq.ft.: $1,413/sq.ft.. Avg.Size: 6,438 sq.ft. |
4 |
TOTALS | 2 | 5 | 3 | 14 | 24 |
CLICK HERE TO VIEW 20 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 4 CONTRACTS SIGNED ON TOWNHOUSES
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |