Forty contracts were signed last week in Manhattan at $4 million and above, 10 more than the previous week. Condos crushed co-ops, 29-5, with 2 condops and 4 townhouses in the mix.
Stat Geek Alert: It was the largest weekly total of the year—and the largest since the first week of May 2022, when 43 contracts were signed. The activity was fueled by 16 sponsor deals, the largest number of sponsor sales in a year.
The No. 1 contract was 36D at 15 Central Park West, asking $26.5 million, reduced from $28 million when it was listed in October. The condo has 3,173 square feet including 3 bedrooms and 3.5 bathrooms. A 22’ x 24’ great room and a library face Central Park. The owner purchased the apartment from the sponsor in 2008 for $11,445,130.
15 Central Park West has been a consistent entry in the Olshan Report, appearing 5 times in 2022 in the No.1 or 2 slot. The building was designed by architect Robert A.M. Stern. Amenities include a 14,000-square-foot fitness center with a 75-foot pool, a private restaurant for residents only, a landscaped motor court and garage, library, business center, game room, outdoor terrace, and children’s playroom.
The No. 2 contract was PHA at 150 Barrow Street, asking $17.5 million. This condo duplex has 4,287 square feet including 4 bedrooms and 4.5 bathrooms.
Upstairs is a 30-foot great room and kitchen surrounded by a 1,992-square-foot terrace. Downstairs are the bedrooms and a living room with a kitchenette.
This new boutique building is called The Keller, a former hotel turned into a condo with 24 units on 7 floors, which started marketing in March. Four contracts were reported last week at $4 million and above with asking prices averaging $3,608/sq.ft. The sales team reported that over 50% of the building has sold, underscoring the high demand for luxury West Village properties. Amenities include a doorman, fitness center, children’s playroom, storage, a residents’ lounge, and landscaped courtyard with a kitchenette and barbecue.