Sixteen contracts were signed last week at $4 million and above in Manhattan, 5 fewer than the previous week. Condos outsold co-ops, 7-3, while the townhouse market continued its robust performance adding 6 contracts to the mix.

Stat Geek Alert: In the last 4 weeks, townhouses have outsold co-ops, 13-7.

The No. 1 contract was PHAB at 605 Park Avenue, asking $15 million, reduced from $17.5 million when it was listed a year ago. This post-war, triplex co-op has 5 bedrooms, 3 bathrooms, and 2 powder rooms. The bottom floor includes a 31-foot living room, formal dining room, master bedroom, 2 other bedrooms, and a gym---all surrounded by a terrace. The 2nd floor has a den with a wet bar and 2 other bedrooms. The top floor features a solarium surrounded by a roof terrace. The monthly maintenance is $22,047. Amenities include a doorman, resident manager, gym, and storage.

The No. 2 contract was PHB a.k.a. 31A at 100 Barclay, asking $13.45 million; it has been on and off the market since March. The condo has 4,311 square feet including 5 bedrooms, 5.5 bathrooms, and a wraparound terrace totaling 1,023 square feet. The unit features a 23’ x 36’ great room and 10-foot ceilings. The seller paid $11,193,750 in June 2017. The building has over 40,000 square feet of amenities including doormen, concierge, fitness center, pool, roof deck, media room, children’s playroom, music room, bike room, storage, and wine lockers.

On Wednesday, December 21, we will be releasing our Annual Report on the luxury market.

Happy Holidays!!!!