LUXURY MARKET REPORT 2019


Report on Contracts Signed
Manhattan Residential Properties
$4 Million and Above
April 22-28, 2019

25 Contracts Signed

Twenty-five contracts were signed last week at $4 million and above, a normal total for the last week in April. For example, 25 contracts were also signed last year in the same time period, 27 in 2017, and 28 in 2016. And it’s also interesting to note that the top 2 sales last week were Greenwich Village condo penthouses.

The No.1 contract was PH at 130 West 12th Street, asking $21.5 million. The penthouse has been on and off the market since September, and is owned by fashion mogul Andrew Rosen, who paid $13,084,513 in September 2012 for a new unit that he subsequently renovated. The apartment has 3,875 square feet and features a lushly landscaped wraparound terrace. It has 2 bedrooms, 2.5 bathrooms, a large living room with a fireplace, dining room, den, and eat-in kitchen. The master suite has a sitting room, and the second bedroom functions as a gym. The penthouse has use of the neighboring Greenwich Lane condo’s amenities, which include a concierge, doorman, parking, fitness center, a 25-meter swimming pool, golf simulator, garden, residents’ lounge, and children’s playroom.

The No. 2 contract was PHA at 122 Greenwich Avenue, asking $16.9 million, reduced from $23.95 million when it was listed a year ago. The triplex condo in the building known as One Jackson Square has 5,574 square feet including 4 bedrooms, 4 bathrooms, 3 powder rooms, and 2 fireplaces. The top floor has a 1,690-square-foot terrace that features a 14-foot pool and an outdoor kitchen. The owner paid $16,902,950 in May 2011.



East West Midtown Downtown Asking $/sq.ft. Totals
Co-ops 3 1 1 1 Avg.Ask:
$187,133,199
6
Condos 1 2 2 14 Avg.Ask:
$8,080,556

Avg.$/sq.ft.:
$2,593/sq.ft.

Avg.Size:
3,117 sq.ft.
19
Condops * 0 0 0 0 Avg.Ask:


Avg.$/sq.ft.:


Avg.Size:
0
Townhouses 0 0 0 0 Avg.Ask:


Avg.$/sq.ft.:
.

Avg.Size:
0
TOTALS 4 3 3 15 25
Total Weekly Asking Price Sales Volume: $187,133,199
Average Asking Price: $7,485,360
Median Asking Price: $5,995,000
Average Discount from Original Ask to Last Asking Price: 12%
Average Days on Market: 422
*Condop is a co-op with condo rules.

CLICK HERE TO VIEW 25 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 0 CONTRACTS SIGNED ON TOWNHOUSES


Donna Olshan
President
dso@olshan.com

Emily Chen
Private Wealth Real Estate Services
Chief of Research
ecc@olshan.com

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Donna Olshan and Olshan Realty
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