Stats Geeks, pay attention: The Manhattan luxury real estate market just recorded some great news. Thirty-seven signed contracts were reported last week at $4 million and above, the second best week of 2016. There’s more: Last week also notched the highest dollar volume of the year--a total of $371,615,465 in sales.
The No.1 contract was 77B at 80 Columbus Circle, asking $50 million.
This Mandarin Oriental condo has been on the market since February 2012, and according to reliable sources it sold for significantly below the asking price. The unit has 4,825 square feet with 4 bedrooms, 5.5 bathrooms, and a 78-foot expanse facing Central Park that includes a 41-foot master suite. The apartment last sold in 2006 for $17,259,337.
The No. 2 contract was PH81 at 30 Park Place, asking $26.19 million. This unit has 5,443 square feet including 4 bedrooms, 4.5 bathrooms, and 2 terraces that total 676 square feet. 30 Park Place is an 80-story limestone building designed by Robert A.M. Stern; it has a Four Seasons Hotel on the bottom 22 floors and 157 condos above that. The sales office reported 8 contracts last week, a cumulative total of a month or more worth of sales. Included in the 8 contracts was the sale of 3 apartments on the 74th floor to one buyer who paid
$26,165,475 for 8,113 square feet.
CLICK HERE TO VIEW 34 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW PAGE 2 OF 34 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 3 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
November 28-December 4, 2016
Total Weekly Asking Price Sales Volume: 371,615,465
Average Asking Price: 10,043,661
Median Asking Price: 7,195,000
Average Discount from Original Ask to Last Asking Price: 5%
Average Days on Market: 470
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.
. . . .