Fifty-five contracts were signed last week in Manhattan at $4 million and above, 24 more than the previous week. You read that right!!! Condos outsold co-ops, 36-12, with 2 condops and 5 townhouses in the mix.
Stat Geek Alert: The 55 contracts represent the largest total since November 15-21, 2021 when 67 contracts were signed. For perspective, 2021 was the biggest year in luxury residential real estate since this report started in 2006.
The No. 1 contract was 35-37-39 East 63rd Street, asking $34.5 million. It is three, 6-story townhouses put together spanning 61 feet and including 20,036 square feet. The complex contains a 7-unit condominium with a doorman and 2 elevators.
The buyer plans to turn the property into a single-family home for personal use.
The No. 2 contract was East 24A at 500 West 18th Street, asking $13.895 million. The condo has 3,188 square feet including 4 bedrooms, 4.5 bathrooms, and a 30’ x 28’ great room. The corner unit faces south and west. It is in One Highline, formerly known as the XI, a project with 2 buildings (a condo and a hotel) that landed in a $1 billion-plus foreclosure in 2021. Amenities include a fitness center, 75-foot lap pool, spa-treatment rooms, a golf simulator, children''s playroom, private dining, a games lounge, and a garage. Services are offered from the adjacent Faena Hotel, which is part of the re-branded project.