Thirty-one contracts were signed last week in Manhattan at $4 million and above, 5 fewer than the previous week. Condos clobbered co-ops, 25-4, with 2 townhouses in the mix.

Stat Geek Alert: Twelve out of 25 condos were sold by sponsors. The sponsor units averaged 20% discounts off original asking prices. The units averaged $3,371/sq.ft. and lingered an average of 1,768 days on the market. You read that right—almost 5 years on the market!

The No. 1 contract was a sponsor unit on the 116th floor at 217 West 57th Street, asking $52.9 million, reduced from $64 million when it was listed off floorplans in 2018. The unit has 7,074 square feet including 5 bedrooms, 5.5 bathrooms, and a 31’x 50’ living room with windows on 3 sides that offer sweeping views of Central Park and the city. A master bedroom suite with a gigantic bathroom ...

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