Twenty-four contracts were signed last week at $4 million and above in Manhattan--but that number isn’t the headline news. Dig deeper into the stats, and you’ll find 10 properties went to contract at $10 million and above, the highest total of the year in that space.
The No. 1 deal: Two apartments that were purchased to be combined at 443 Greenwich Street: 3A, asking $14.4 million, and 2A, asking $14.15 million. Each apartment has 4,241 square feet with 4 bedrooms and 4.5 bathrooms, as well as 40-foot great rooms, 22-foot kitchens, and 10.5-foot ceilings. The building was bought in foreclosure in 2012 for $150 million. Built in the late 1880s, it is a former factory that was converted into a 53-unit condo and features large windows with huge shutters. Closings started in June. Amenities include a lap pool, fitness center, a garage with valet parking, a landscaped courtyard, a roof deck, storage units, and wine cellars.
The No. 2 contract was Apartment 5 at 145 West 11th Street, asking $17.25 million, raised from $16.75 million when it started on the market in November 2013 (at that point it was being sold off of floorplans). The condo has 4,513 square feet with 4 bedrooms and 4.5 bathrooms in The Greenwich Lane condominium, a newly-finished complex of 5 buildings with 194 condos and 5 townhouses. Only 5 apartments and 1 townhouse are left, priced north of $3,500/square foot. Amenities include concierge, doorman, fitness center, pool, children’s room, and a garage.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 1 | 1 | 1 | 1 | Avg.Ask: $8,405,000 |
4 |
Condos | 2 | 2 | 2 | 12 | Avg.Ask: $9,530,833 Avg.$/sq.ft.: $2,935/sq.ft. Avg.Size: 3,248 sq.ft. |
18 |
Condops * | 1 | 0 | 0 | 0 | Avg.Ask: $4,450,000 Avg.$/sq.ft.: $3,116/sq.ft. Avg.Size: 1,428 sq.ft. |
1 |
Townhouses | 0 | 1 | 0 | 0 | Avg.Ask: $5,500,000 Avg.$/sq.ft.: $1,866/sq.ft.. Avg.Size: $2,948/sq.ft. |
1 |
TOTALS | 4 | 4 | 3 | 13 | 24 |
CLICK HERE TO VIEW 23 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 1 CONTRACTS SIGNED ON TOWNHOUSES
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |