Fourteen contracts were signed last week in Manhattan at $4 million and above, a typically lackluster, end-of-summer performance, a time when the majority of luxury buyers are out of town.
Stat Geek Alert I: For the first time since the week of July 1, an apartment went to contact at an asking price above $10 million. Last week, there were three—a co-op and 2 condos. During July and August, only townhouses went to contract at $10 million and above.
Stat Geek Alert II: For the 5th straight week, the No. 1 spot was a townhouse.
This time the top slot went to 22 West 74th Street, asking $17.995 million, reduced from $22.775 million when it was listed in April. The 6-story, Neo-Georgian limestone-and-brick house was once a school that was purchased for $9.1 million in 2006 and then underwent a multi-year gut renovation. The house has 10,505 square feet including 6 bedrooms, 7 bathrooms, 4 powder rooms, 5 wood-burning fireplaces, an eat-in kitchen, and an elevator. A small garden in the back and a terrace on the 4th floor comprise the outdoor space. Annual real estate taxes are $178,978.
The No. 2 contract was a townhouse at 25 East 11th Street, asking $14.995 million, reduced from $19.25 million when it went on the market last September. This 5-story, Greek Revival house is 27-feet-wide and has 7,698 square feet that were divided into 6 apartments. It is in need of a renovation. Annual real estate taxes are $102,120.