Bombogenesis discombobulated the weather in Manhattan last week, and it also iced the luxury real estate market. Only 12 contracts were signed at $4 million and above, the lowest total for the first week of a new year since 2012.
The No.1 contract was 5E at 10 Madison Square West (a.k.a 1107 Broadway), asking $10.5 million, reduced by $1 million when it went on the market in August 2017. The corner unit has 2,871 square feet including 3 bedrooms and 3.5 bathrooms. The living room, kitchen, and master bedroom face Madison Square Park. The seller originally signed a contract in July 2013 when the building was being constructed and closed in March 2016 for $8,655,125. Amenities include a 10,000-square-foot fitness area with a 50-foot lap pool.
The No. 2 contract was 29C at 1 West End Avenue, asking $8.950 million. The unit has 3,917 square feet including 4 bedrooms, 4.5 bathrooms, and 11-foot ceilings. This new condo building offers a robust amenity package including a fitness center, a 75-foot pool, 12,000 square feet of terraces with cabanas and an outdoor kitchen, a children’s playroom, and a garage.