The dog days of August seem to have arrived a little early this year, at least in the Manhattan luxury real estate market. Only 17 contracts were signed last week at $4 million and above—one less than the previous week, which was nothing to shout about. Ten of the 15 condos that sold were in new developments; some of them went on the market several years ago.
The No. 1 contract was a brownstone at 451 West 24th Street, asking $13.75 million that sold within a month of listing. This 21-foot-wide, 4-story house was purchased in 2007 for $4.4 million, and then underwent a multi-year renovation that expanded the building to 5,000 square feet including 4 bedrooms, 3 bathrooms, 2 powder rooms, a terrace off the master suite, and a landscaped garden. Architect Winka Dubbeldam delivered a high level of design that incorporated contemporary details including a rear glass façade and a glass-enclosed staircase.
The No. 2 contract was 31/32E at 10 West Street, asking $11.5 million, reduced from $13.525 million when it went on the market in April 2015. This 5,088-square-foot duplex in the Ritz Carlton condominium has breathtaking views of New York Harbor and the Statue of Liberty. It has 5 bedrooms, 6 bathrooms, an eat-in kitchen, and a media room. Building amenities include a spa/gym, maid service, and valet parking.
CLICK HERE TO VIEW 16 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 1 CONTRACTS SIGNED ON TOWNHOUSES
© 2024 Olshan Realty | All Rights Reserved.
This website, its content, and the Olshan Luxury Report is copyright of Olshan Realty.
Source: Olshan Realty
QUICK STATS
for the week of
July 11-17, 2016
Total Weekly Asking Price Sales Volume: 118,380,000
Average Asking Price: 6,963,529
Median Asking Price: 6,350,000
Average Discount from Original Ask to Last Asking Price: 4%
Average Days on Market: 430
SUBSCRIBEFill in your address below to receive THE OLSHAN LUXURY REPORT via email every week!
OLSHANCONSULTINGRebranding, Rethinking, Positioning, Messaging—all critical aspects when your property is not selling. Olshan Consulting uses its
proprietary data and analytics to consult on how to efficiently get your
property sold.
Olshan uses its proprietary data and analytics in consulting banks,
hedge funds, developers on all aspects of residential design, marketing
and pricing.
MORE INFO
ARCHIVEView past reports and data.
VIEW IT
PRINTGet a printable version of this report.
PRINT IT
© 2024 Olshan Realty, Inc. | All Rights Reserved. | Established 1980641 Lexington Avenue, Suite 2200, New York, NY 10022 | 212-751-3300 |
Privacy Policy
This website, its content, and the Olshan Luxury Report is copyright of Olshan Realty.
. . . .