Twenty-three contracts were signed last week in Manhattan at $4 million and above, the lowest total since the end of February. There were 9 contracts with asking prices above $10 million including one deal that was above $30 million—and took the No.1 spot.
That honor goes to 36/37 at 515 Park Avenue, asking $35 million, only the 6th contract reported signed with a price tag north of $30 million so far this year. Which represents a whopping profit from the $10.710 million paid in 2000, when the owner bought it from the developer. This duplex condo has 4,927 square feet including 4 bedrooms, 4.5 bathrooms, a library, eat-in kitchen, 11.5-foot ceilings, and spectacular views of Central Park and the city. It also comes with 2 storage rooms and a wine cellar, plus a 2nd floor guest apartment facing Park Avenue that has 635 square feet.
The No. 2 contract was 16A at 21 East 61st Street, asking $17.9 million, reduced from $22 million when it went on the market in September 2013. This 3,500-square-foot, 3-bedroom unit has 4.5 bathrooms and a library, plus a 1,120-square-foot wraparound terrace. The condop faces Madison Avenue. and the master suite Central Park views. It is being sold by the sponsor/developer Extell.
CLICK HERE TO VIEW 20 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 3 CONTRACTS SIGNED ON TOWNHOUSES
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Source: Olshan Realty
QUICK STATS
for the week of
March 27-April 2, 2017
Total Weekly Asking Price Sales Volume: 221,997,700
Average Asking Price: 9,652,074
Median Asking Price: 7,400,000
Average Discount from Original Ask to Last Asking Price: 7%
Average Days on Market: 412
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