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September 28-October 4, 2015
Report on Contracts Signed
NYC Residential
Properties
$4 Million and Above
13 Contracts Signed
New York’s Mets and Yankees are heading into the playoffs, but the Manhattan luxury real estate market is still looking to roll up impressive statistics of its own. After a so-so September, the start of October was about as exciting as a routine base hit in the first inning. Only 13 contracts were signed last week at $4 million and above.
The No. 1 contract was Apartment M10 at 150 Charles Street, asking $15.5 million, reduced from $16.85 million when it went on the market in June. This triplex maisonette condo has 5,612 square feet including 4 bedrooms and 4.5 bathrooms. The unit features a living room with 19-foot ceilings and
a fireplace, plus a 458-square-foot garden. When the building opened for sale in February 2013, the unit was sold off of floorplans for $12,500,000. The developer Witkoff allowed the buyer to assign the contract on M10, earning what is likely a handsome profit for the contract-holder. 150 Charles has completed most of its construction and closings started in the summer.
The No. 2 contract was 11C at 1125 Park Avenue, asking $8,995,000. This 9-room co-op sold within days of listing. The corner unit has 3 bedrooms, a library, and an eat-in kitchen, and was renovated after being purchased in December 2005 for $5.3 million.
NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
September 28-October 4, 2015
| |
East |
West |
Midtown |
Downtown |
Asking $/sq.ft. |
Totals |
Co-ops |
1 |
0 |
1 |
0 |
Avg. Ask:$6,747,500
|
2 |
Condos |
0 |
4 |
0 |
6 |
Avg.Ask:$55,984,999
Avg.$/sq.ft.:$2,406/sq.ft.
Avg.Size:2,488sq.ft. |
10 |
Condops * |
0 |
0 |
0 |
0 |
|
0 |
Townhouses |
0 |
0 |
0 |
1 |
Avg.Ask:$8,500,000
Avg.$/sq.ft.:$1,848/sq.ft.
Avg.Size:4,600 sq.ft. |
1 |
Totals |
1 |
4 |
1 |
7 |
|
13 |
Total Weekly Asking Price Sales Volume: $81,844,990
Average Asking Price: $6,295,768
Median Asking Price: $5,325,000
Average Discount from Original Ask to Last Asking Price:2%
Average Days on Market:120
*Condop is a co-op with condo rules.
TO VIEW 12 CONTRACTS SIGNED ON APARTMENTS:
Please click here to view the listings. If that doesn't work, please copy and paste the following address into your browser. Alternatively, you can Press Control and Click on the link below:
http://media.realplusonline.com/webreports/15120467e44720.htm
TO VIEW 1 CONTRACTS SIGNED ON TOWNHOUSES:
Please click here to view the listings. If that doesn't work, please copy and paste the following address into your browser. Alternatively, you can Press Control and Click on the link below:
http://media.realplusonline.com/webreports/15120322bc7275.htm
Donna Olshan
President
dso@olshan.com
Emily Chen
Private Wealth Real Estate Services
Chief of Research
ecc@olshan.com
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