Coming off a Labor Day holiday, you don’t normally expect a banner week in sales. And last week was no exception--only14 contracts were signed at $4 million and above. What’s not so normal is that last week marked the 11th-straight week of sub-20 contracts signed, the weakest stretch since 2012.
The No. 1 contract was the Penthouse at 78 Irving Place, asking $20.9 million. This 4,420-square-foot triplex has 4 bedrooms and 5.5 bathrooms, plus a rooftop terrace with 903 square feet outfitted with a kitchen. Four apartments in this new 7-unit condo went to contract last week, and the building is now sold out. This gut-renovated building has a doorman but no other amenities.
The No. 2 contract was PHB at 305 East 51st Street, asking $11.75 million. The penthouse is being sold by the sponsor HFZ Capital, which bought out its equity partner CIM last month, paying $5,306,386 for PHB. This duplex penthouse has 4 bedrooms and 4.5 bathrooms, plus 2 terraces totaling 1,365 square feet. The unit has dramatic views that include the East River. It is in a new condo called the Halcyon, which has a robust package of amenities including doorman, concierge, garage and a 52-foot pool, plus a sun deck, sauna, fitness center, golf simulator, lounge/library, and bicycle storage.
CLICK HERE TO VIEW 14 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 0 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
September 4-10, 2017
Total Weekly Asking Price Sales Volume: 111,045,000
Average Asking Price: 7,931,786
Median Asking Price: 5,935,000
Average Discount from Original Ask to Last Asking Price: 3%
Average Days on Market: 680
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.