Stat Geeks Alert! Twelve contracts were signed last week at $4 million and above, the lowest number for the year. The volume was $79.994 million, the lowest total this year. For the first time this year, the top 2 sales were townhouses. And only 1 co-op was in the mix for the first time since the last week in January.
Wait, there’s more—and it is the most dazzling stat of the bunch: The top 3 contracts signed were townhouses, a trio of top sales we have not seen since at least 2010.
The No. 1 contract was a townhouse at 26 Bank Street, asking $19.5 million, reduced from $26 million when it went on the market in February 2016. This 4-story, Greek-Revival house was purchased for $7.25 million in 2009 and then gut-renovated. The 19.5-feet-wide house has 4,625 square feet with 3 bedrooms, 3 bathrooms, and 2 powder rooms. The kitchen opens onto a garden. The top floor has a spectacular glass atelier that opens onto a terrace. The house does not have an elevator.
The No. 2 contract was a townhouse at 417 East 84th Street, asking $9 million, reduced from $9,999,999 when it went on the market in February. The 5-story house is 18-feet wide and has 6,000 square feet including 4 bedrooms, 6.5 bathrooms, and an elevator. It was purchased for $4.4 million in 2008 and then gut-renovated.
IN CASE YOU’RE WONDERING: The No. 3 sale was a townhouse at 41 Bethune Street, asking $7.725 million, reduced from $8.995 million when it went on the market in July 2016. The 3-story, 20-foot-wide house has 2,400 square feet, and is configured as 3 bedrooms and 2.5 bathrooms, plus a garden.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 1 | 0 | 0 | 0 | Avg.Ask: $5,000,000 |
1 |
Condos | 0 | 1 | 1 | 6 | Avg.Ask: $4,846,125 Avg.$/sq.ft.: $2,288/sq.ft. Avg.Size: 2,118 sq.ft. |
8 |
Condops * | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 1 | 0 | 0 | 2 | Avg.Ask: $12,075,000 Avg.$/sq.ft.: $2,781/sq.ft.. Avg.Size: 4,342 sq.ft. |
3 |
TOTALS | 2 | 1 | 1 | 8 | 12 |
CLICK HERE TO VIEW 9 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 |