Thirty-seven contracts were signed last week at $4 million and above in Manhattan, a decline of 5 deals from the previous week’s total. Condos outsold co-ops, 26-10, with 1 townhouse in the mix.
Stat Geek Alert: After 5 straight weeks, the streak of 40 or more contracts signed has ended. But don’t fret: The streak of 30 or more contracts was extended to 15 weeks in a row.
The No. 1 contract was 8/9A at 740 Park Avenue, asking $25.75 million, reduced from $32.5 million when it was listed in September 2018. The duplex co-op is owned by Steven Mnuchin, the former Treasury Secretary in the Trump Administration. It has 5 bedrooms, 6.5 bathrooms, and 4 fireplaces. The living room, library, and master suite face Park Avenue. It is the most expensive co-op to sell in Manhattan in over 18 months. 740 Park is one of the all-time status buildings, and was chronicled in a book by Michael Gross. It was the childhood residence of Jacqueline Kennedy Onassis and home to the late billionaire philanthropist, David Koch. Current residents include Vera Wang and hedge funders Howard Marks, Israel Englander, and Stephen Schwarzman.
The No. 2 contract was Unit 4 at 24 Leonard Street, asking $15.8 million; it was listed in August. The condo has 4,929 square feet including 5 bedrooms, 4.5 bathrooms, an office, playroom, and a parking spot. There are landscaped terraces
off the living room and master bedroom. The seller paid $11.1 million in April 2019. Amenities in this 7-unit boutique condo include a 24-hour doorman, gym, and a garage.