Forty-seven contracts were signed last week, another dazzling performance in the luxury market, which extends the record-breaking streak of 30 or more deals to 11 weeks in a row—the longest such streak since we started recording the Olshan Report in 2006.
Stat Geek Alert: Twenty-two out of 36 condo contracts were inked by developers. It was the biggest week of sponsor sales since the middle of February 2018.
The No. 1 contract is in a new condo that recently started marketing: 16A/16B at 378 West End Avenue, asking $25,950,000. It spans the entire floor with 6,901 square feet and includes 5 bedrooms, 5 bathrooms, and 2 powder rooms. The unit is surrounded by terraces and balconies that total 2,349 square feet. The building is being designed by CookFox and developed by Alchemy Properties, which is combining the apartments for the buyers. This 57-unit building features over 11,000 square feet of amenities including a doorman, fitness center, 75-foot saline lap pool, regulation squash court, half-court basketball court,
children’s playroom, music room, pet-grooming facility, storage, and garage.
The No. 2 contract was 36B at 220 Central Park South, asking $24.9 million, reduced from $26.9 million when it was listed in September. The seller bought the condo off of floorplans in April 2015 and closed for $21,892,376 in September 2019. The apartment has 3,043 square feet including 3 bedrooms and 3.5 bathrooms. A 35-foot living room, master bedroom, and kitchen face Central Park. 220 Central Park South is an ultra-luxury building designed by Robert A.M.Stern. The condo has over 30,000 square feet of amenities including a doorman, concierge, motor court, private dining room, fitness center, 82-foot saline pool, squash court, basketball court, golf simulator, children’s playroom, and a communal terrace.