Fifteen contracts were signed last week at $4 million and above, a total in line with the previous week’s. And for the second week in a row—and the fourth time this year---not a single co-op went to contract in Manhattan at $4 million and above. We haven’t seen such a dearth of co-op sales since 2012, when there were 6 weeks of zero luxury co-op contracts.
The No. 1 contract was 61A at 252 East 57th Street, asking $12.950 million. This 4,624-square-foot unit has 5 bedrooms and 6.5 bathrooms, a 39-foot living room with a working fireplace, a balcony, and spectacular views of Central Park and the East River. The condo has 11.5-foot ceilings, and is in a new building designed by Skidmore, Owings & Merrill. Amenities include a concierge, garage, fitness center, a children’s playroom, a 75-foot swimming pool, a library, billiards and screening rooms, a catering kitchen and dining room, bicycle and storage rooms, and furnished guest suites. There is also a play space and grooming station for your dog.
The No. 2 contract was the 14th floor at 944 Park Avenue, asking $11.995 million, reduced from $14.950 million when it went on the market in April 2015. This 3,381-square-foot condo has 4 bedrooms and 4.5 bathrooms. The living room, master, and 2nd bedroom face Park Avenue. The unit was bought in 2006 for $8.75 million and then renovated.
CLICK HERE TO VIEW 14 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
September 12-18, 2016
Total Weekly Asking Price Sales Volume: 104,868,000
Average Asking Price: 6,990,667
Median Asking Price: 5,495,000
Average Discount from Original Ask to Last Asking Price: 5%
Average Days on Market: 277
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.
. . . .