Thirty-two contracts were signed last week at $4 million and above. A couple of stats: 21 of the 32 contracts were Downtown, while condos outsold co-ops, 21 to 8, with 2 townhouses in the mix.
The No.1 contract was PHA at 155 West 11th Street asking $12.935 million. The condo has 2,295 square feet including 2 bedrooms, 2.5 bathrooms, and 2 terraces totaling 1,777 square feet with north, south, and east city views. The unit is in the Greenwich Lane, and was sold in 2014 off of floorplans; it came back on the market last month after the buyer switched to another sponsor unit in the building. The Greenwich Lane is a complex that consists of 5 buildings, comprising 194 condos and 5 townhouses built on the former St. Vincent’s Hospital site. Amenities include a concierge, doorman, fitness center, a 75-foot pool, children’s room, and a garage.
The No. 2 contract was 12A at 14 East 90th Street, asking $12 million. This 12-room co-op sold within a month of listing. It offers Central Park and reservoir views from a 30-foot corner living room and 4 out of the 5 bedrooms. It also has 5 bathrooms, 3 fireplaces, an eat-in kitchen, and 2 staff rooms. Building amenities include a gym, half basketball court, a children’s room, private storage, wine storage, and a bike room.
THE PRICE IS RIGHT If you need yet another example that we are in the midst of a price-sensitive market, here it is: Half of the 32 contracts signed were below $5 million.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 4 | 1 | 0 | 3 | Avg.Ask: $6,492,500 |
8 |
Condos | 4 | 1 | 2 | 14 | Avg.Ask: $5,831,667 Avg.$/sq.ft.: $2,340/sq.ft. Avg.Size: 2,492 sq.ft. |
21 |
Condops * | 0 | 0 | 0 | 1 | Avg.Ask: $4,500,000 Avg.$/sq.ft.: $2,435/sq.ft. Avg.Size: 1,848 sq.ft. |
1 |
Townhouses | 1 | 0 | 1 | 0 | Avg.Ask: $7,875,000 Avg.$/sq.ft.: $1,612/sq.ft.. Avg.Size: 4,885 sq.ft. |
2 |
TOTALS | 9 | 2 | 3 | 18 | 32 |
CLICK HERE TO VIEW 30 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW PAGE 2 OF 30 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 2 CONTRACTS SIGNED ON TOWNHOUSES
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |