A wicked nor’easter shut down Manhattan for an entire day last week, but it couldn’t muzzle the momentum in the luxury real estate market. Thirty contracts were signed at $4 million and above, a nifty number on the heels of Spring.
The No.1 contract was unit 11 at 207 West 79th Street, asking $12.5 million, sold off of floorplans. This full-floor apartment has 4,205 feet including 5 bedrooms, 5.5 bathrooms, a 49.5-foot great room. plus a library. It is in a new 19-unit condo under construction. Amenities include a doorman, gym, playroom, and storage.
The No. 2 contract was 19A at 875 Fifth Avenue, asking $11,050,000, reduced from $13.25 million when it went on the market in July 2014. The co-op has dramatic Central Park views from a 44-foot terrace that spans the living room, dining room, and library. The unit has 2 bedrooms, 2 powder rooms, and a solarium off the kitchen.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 3 | 2 | 0 | 1 | Avg.Ask: $7,078,333 |
6 |
Condos | 4 | 5 | 4 | 10 | Avg.Ask: $6,616,739 Avg.$/sq.ft.: $2,480/sq.ft. Avg.Size: 2,668sq.ft. |
23 |
Condops * | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 0 | 1 | 0 | 0 | Avg.Ask: $9,500,000 Avg.$/sq.ft.: $1,455/sq.ft.. Avg.Size: 6,531 sq.ft. |
1 |
TOTALS | 7 | 8 | 4 | 11 | 30 |
CLICK HERE TO VIEW 29 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW PAGE 2 OF 29 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 |