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

23 Contracts Signed

Okay, stat geeks, here’s the latest figures to ponder: In the month of July, the total number of contracts signed at $4 million and above looks to be just about the same as July of last year--except for the fact that asking prices are a little higher. Per usual, condos outsold co-ops last week, this time 19-2, while 2 Upper West Side townhouses were in the mix. Almost half of the units were sold in Downtown condos.

The No.1 contract: was PH52A at 56 Leonard Street, asking $18,750,000. The unit has 3,658 square feet with 4 bedrooms and .4.5 bathrooms, plus 510 square feet of exterior space that includes a terrace and 2 balconies. 56 Leonard is a new 60-story, 145-unit condo designed by the Pritzker prize-winning Swiss architects Herzog & de Meuron. It was a huge sales hit when it started on the market in February 2013, with prices averaging $3,054/sq.ft. Only 2 units are left, asking $17.750 million and $34.5 million, even though the building won’t be completed for at least another year.

The No. 2 contract was 65A at 30 Park Place, asking $12,850,000. This 3,699-square-foot unit has 4 bedrooms, 5.5 bathrooms, a formal dining room, family room, and eat-in kitchen. It will occupy half a floor in the new Four Seasons Hotel and Condo, an 80-story limestone building designed by Robert A.M. Stern; the bottom 22 floors will be dedicated to the hotel. The building won’t be completed for another 2 years. Sales started in June, and the condo is reporting that 34 of the 157 units, averaging $2,912/sq.ft, are under contract.

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
July 28, 2014-August 3, 2014