Twenty contracts were signed last week at $4 million and above, half of which were condos sold by developers. The Manhattan luxury real estate market had obviously seen better weeks, but here’s a nugget of good news: The total of 20 properties represents the best post-Labor Day week since we started keeping track in 2006.
The No. 1 contract was PHC at 71 Laight Street, asking $15 million, reduced from $20 million when it went on the market in July 2013. This duplex penthouse has 4,986 square feet including 4 bedrooms and 4.5 bathrooms. A 40-foot living room with a fireplace opens onto a 1,065-square-foot terrace. The unit is in the Sterling Mason condo, which has 32 residences, a doorman, a gym, children’s playroom, and a garage.
The No. 2 contract was 7D at 21 Astor Place asking $13.5 million, reduced from $17.25 million when it went on the market in June of 2017. This duplex loft has 4,275 square feet, and was purchased for $6.1 million in May 2008 and gut renovated. It has 4 bedrooms, 4.5 bathrooms, a 35-foot living room, and a 21-foot kitchen. The condo has a doorman and a gym.