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

33 Contracts Signed

Funny how markets behave. The stock market roared in October, while the Manhattan luxury real estate market took a breather. But, hey, look at us now: As the stock market was tanking last week, a robust 33 contracts were signed at $4 million and above. And get this: The first two weeks of November have clocked in a total of 70 contracts signed representing $564,509,800 in sales—the strongest November start we have seen since we started keeping track in 2006.

The No. 1 contract was 9BC at 101 Central Park West, asking $38 million, reduced from $42 million when it went on the market in February. This 14-room co-op was purchased for $12,219,050 in 2003 and then gut renovated. The unit has big picture windows with direct views of Central Park spanning 100 feet--from the living room, formal dining room, and library. There are 5 bedrooms including a master suite with a terrace, 2 fireplaces, 5 bathrooms, and 2 powder rooms.

The No. 2 contract was PH8 at 140 West 12th Street, asking $26.5 million. This duplex condo has 4,027 square feet including 3 bedrooms and 3.5 bathrooms, plus 2 terraces that total 3,148 square feet. The Penthouse is in the Greenwich Lane, a complex of 5 buildings and 5 townhouses that is being built on the former St. Vincent’s Hospital site. The developers, Rudin and Global Holdings, have reported sales of 183 out of 200 units. The prices on the remaining units average over $3,500/sq.ft. Amenities include concierge, doorman, fitness center, pool, children’s room, and a garage.

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
November 9-15, 2015