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Forty-five contracts were signed last week in Manhattan at $4 million and above, 14 more than the previous week. Condos crushed co-ops, 35-8, with 2 townhouses in the mix. The top 2 deals were triplex penthouse condos sold by sponsors. Stat Geek Alert: The 45-contract total is the largest since the week of December 13-19, 2021, when 54 contracts were signed totaling $431,564,000. Last week’s volume of $433,315,800 was fueled by 12 deals above $10 million. Stat Geek Alert II: Twenty of the 35 condo deals were sold by sponsors and averaged $3,359/sq.ft. The average discount was 7% off the original asking price, while the sponsor properties sat an average 1,440 days on the market.
The No. 1 contract was PH72 at 111 West 57th Street, asking $56 million. The condo has 7,256 square feet and a 1,241-square-foot loggia. The triplex penthouse has 5 ... ...GET MORE > |
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