With apologies to songwriter Kurt Weill, as the dog days of August dwindle down to a precious few, only 13 contracts were signed last week at $4 million and above. This makes the first August since 2012 that we haven’t cracked 100 sales—93 contracts were reported for the month.
The No. 1 contract was unit 45 at 20 West 53rd Street, asking $22 million, reduced from $23.5 million when it was listed in March 2013. This 4-bedroom, 4.5-bathroom condo has 4,545 square feet and panoramic city views. It is in the new Baccarat Hotel & Residences, a 50-story building with 61 condos and 114 hotel rooms designed by Skidmore Owens and Merrill with interiors by Tony Ingrao.
The No. 2 contract was the 14th floor at 1133 Fifth Avenue, asking $15.8 million, reduced from $18 million when it went on the market in January. This 4-bedroom, 4-bathroom co-op has views of Central Park and the reservoir from the 27-foot living room (with a fireplace), the library, and the master bedroom.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 2 | 0 | 0 | 0 | Avg.Ask: $12,650,000 |
2 |
Condos | 0 | 1 | 3 | 4 | Avg.Ask: $7,225,000 Avg.$/sq.ft.: $3,218/sq.ft. Avg.Size: 2,245 sq.ft. |
8 |
Condops * | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 2 | 0 | 0 | 1 | Avg.Ask: $6,498,333 Avg.$/sq.ft.: $1,366/sq.ft.. Avg.Size: 4,757 sq.ft. |
3 |
TOTALS | 4 | 1 | 3 | 5 | 13 |
CLICK HERE TO VIEW 10 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 |