We just concluded a stellar February, and as we approach Spring, hope springs eternal, as 28 contracts were signed last week at $4 million and above. Scoring 28 might auger well for a muscular March.
A bonus for stat geeks: The top two contracts last week were co-ops, something that hasn’t happened in exactly a year.
The No.1 contract was 8/9 at 24 Gramercy Park North, asking $16 million; it was listed in January. This prewar duplex co-op has 4 bedrooms, 3 bathrooms, 2 powder rooms, and 6 working fireplaces. Downstairs is a living room and library lined by 3 Juliet balconies and spanning 48-feet overlooking Gramercy Park. The bottom floor also includes a formal dining room, media room, guest bedroom, an eat-in kitchen, and office. Upstairs is a bedroom, sitting room, and a master suite that faces Gramercy Park.
The No. 2 contract was 10E at 262 Central Park West, asking $12.5 million, and it sold in only 2 weeks on the market. This corner, 9-room unit has 75 feet of frontage on Central Park including a side-by-side living room and dining room, master bedroom, and library. The renovated co-op has 3 bedrooms, 4 bathrooms, and an eat-in kitchen.
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Source: Olshan Realty
QUICK STATS
for the week of
February 27-March 5, 2017
Total Weekly Asking Price Sales Volume: 180,955,000
Average Asking Price: 6,462,679
Median Asking Price: 5,670,000
Average Discount from Original Ask to Last Asking Price: 4%
Average Days on Market: 354
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