With apologies to songwriter Kurt Weill, as the dog days of August dwindle down to a precious few, only 13 contracts were signed last week at $4 million and above. This makes the first August since 2012 that we haven’t cracked 100 sales—93 contracts were reported for the month.
The No. 1 contract was unit 45 at 20 West 53rd Street, asking $22 million, reduced from $23.5 million when it was listed in March 2013. This 4-bedroom, 4.5-bathroom condo has 4,545 square feet and panoramic city views. It is in the new Baccarat Hotel & Residences, a 50-story building with 61 condos and 114 hotel rooms designed by Skidmore Owens and Merrill with interiors by Tony Ingrao.
The No. 2 contract was the 14th floor at 1133 Fifth Avenue, asking $15.8 million, reduced from $18 million when it went on the market in January. This 4-bedroom, 4-bathroom co-op has views of Central Park and the reservoir from the 27-foot living room (with a fireplace), the library, and the master bedroom.
CLICK HERE TO VIEW 10 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 3 CONTRACTS SIGNED ON TOWNHOUSES
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QUICK STATS
for the week of
August 22-28, 2016
Total Weekly Asking Price Sales Volume: 102,595,000
Average Asking Price: 7,891,923
Median Asking Price: 5,475,000
Average Discount from Original Ask to Last Asking Price: 6%
Average Days on Market: 462
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