Summer Bummer Alert! Fourteen contracts were signed last week at $4 million and above, the sixth straight week that total sales fell below 20. The volume of $101,689,990 in contracts was the lowest since the last week in January. One reason for the persistently low totals: the paucity of sales by developers. For example, only 4 new condo units went to contract last week.
The No. 1 contract was 56A at 252 East 57th Street, asking $14.65 million, reduced from $19 million when it went on the market in 2015. This 4,972-square-foot unit has 5 bedrooms, 5.5 bathrooms, a library, a 39-foot living room with a balcony, and spectacular views of Central Park and the East River. The condo has 10.5-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 PHB at 73 Wooster, asking $13.75 million, reduced from $14.45 million when it went on the market in March. This duplex has 5,230 square feet including 4 bedrooms, 4.5 bathrooms, a 46-foot living room with a gas fireplace and 15-foot ceilings. Upstairs is a media room with a wet bar that opens onto a 2,292-square-foot terrace. The penthouse is in a 6-unit, 4-story condo with a doorman. The seller purchased PHB from the developer for $6,489,816 in 2004.