Report on Contracts Signed
NYC Residential Properties
$4 Million and Above

32 Contracts Signed

Thirty-two contracts were signed last week at $4 million and above with 8 asking above $10 million, including 3 at $25 million and above. Year-to-date, 133 contracts have been signed at $10 million and above, more than double the number of contracts for the same period last year.

The No. 1 contract was PH59 at 56 Leonard, asking $31.5 million. This is the 5th property in Manhattan to be sold north of $30 million this year. Penthouse 59 is a 5-bedroom, 5.5 bathroom condo with 5,825 square feet and spectacular views of of Manhattan, the Statue of Liberty, and Atlantic Ocean. The unit has 14-foot ceilings, 2 balconies, and a 29 x 25-foot terrace that can be accessed from a library, a conservatory, and a 39-foot master bedroom suite. The unit is one of 10 penthouses sold off of floorplans in a building that will not be completed for 2 to 3 years. 56 Leonard is a 145-unit, 60-story condo designed like a glass obelisk, punctuating the Tribeca sky, by Pritzker-Prize-winning Swiss architects Herzog & de Meuron. Amenities include a concierge, doormen, a 75-foot lap pool, fitness and yoga facility, a conference center, a children’s playroom, outdoor sun deck, and a private dining salon with a catering kitchen.

The No. 2 contract was Apartment 5/6 at 950 Fifth Avenue, asking $26 million, reduced from $27.5 million when it started on the market last July. The apartment is a 12-room duplex co-op with 4 bedrooms, 5.5 bathrooms, and a monthly maintenance of $19,516. The living room and master bedroom have fireplaces and face Central Park. The unit has 11-foot ceilings and is in very good condition. It originally sold in October but the buyer was rejected by the co-op board and the apartment went back on the market in November.

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
June 10-16, 2013