Thirty-two contracts were signed last week at $4 million and above. A couple of stats: 21 of the 32 contracts were Downtown, while condos outsold co-ops, 21 to 8, with 2 townhouses in the mix.
The No.1 contract was PHA at 155 West 11th Street asking $12.935 million. The condo has 2,295 square feet including 2 bedrooms, 2.5 bathrooms, and 2 terraces totaling 1,777 square feet with north, south, and east city views. The unit is in the Greenwich Lane, and was sold in 2014 off of floorplans; it came back on the market last month after the buyer switched to another sponsor unit in the building. The Greenwich Lane is a complex that consists of 5 buildings, comprising 194 condos and 5 townhouses built on the former St. Vincent’s Hospital site. Amenities include a concierge, doorman, fitness center, a 75-foot pool, children’s room, and a garage.
The No. 2 contract was 12A at 14 East 90th Street, asking $12 million. This 12-room co-op sold within a month of listing. It offers Central Park and reservoir views from a 30-foot corner living room and 4 out of the 5 bedrooms. It also has 5 bathrooms, 3 fireplaces, an eat-in kitchen, and 2 staff rooms. Building amenities include a gym, half basketball court, a children’s room, private storage, wine storage, and a bike room.
THE PRICE IS RIGHT If you need yet another example that we are in the midst of a price-sensitive market, here it is: Half of the 32 contracts signed were below $5 million.
CLICK HERE TO VIEW 30 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW PAGE 2 OF 30 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 2 CONTRACTS SIGNED ON TOWNHOUSES
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Source: Olshan Realty
QUICK STATS
for the week of
May 15-21, 2017
Total Weekly Asking Price Sales Volume: 194,505,000
Average Asking Price: 6,078,281
Median Asking Price: 4,997,500
Average Discount from Original Ask to Last Asking Price: 7%
Average Days on Market: 301
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