Thirty-seven contracts were signed last week at $4 million and above in Manhattan, the same total as the previous week. This extends the streak of 30 or more contracts signed to 16 weeks in a row.
Stat Geek Alert: What’s selling? Larger-sized condos. As a result of the pandemic, it appears that buyers are purchasing larger apartments to accommodate working from home. From 2013 to 2020, the average size of a condo asking $4 million and above was 2,806 square feet. Year-to-date, the average size of a condo asking $4 million and above is 3,011 square feet.
The No. 1 contract was the 8th floor at 67 Vestry Street, asking $23,875,000.
This 6-bedroom, 5.5-bath condo has 5,794 square feet with a 1,500-square-foot great room and master bedroom overlooking the Hudson River. It is one of the most expensive condos to sell in Tribeca this year. The buyers are a family living only a few blocks away. The 13-unit building, designed by Gachot Studios, is under construction, and features the following amenities: 24-hour doorman, fitness center, lap pool, steam and sauna rooms, a game room, and storage. Parking is also available for purchase.
The No. 2 contract was N28A at 565 Broome Street, asking $16,950,000, reduced from $19.95 million when it was listed off of floorplans in 2016. It has 4,682 square feet including 4 bedrooms and 4.5 bathrooms and featuring 10-foot ceilings. A 41-foot great room faces the Hudson River. 565 Broome Street was designed by Pritzker Prize-winning architect Renzo Piano, who also designed the new Whitney Museum. More than 17,000 square feet of amenities include a concierge, fitness center, a 55-foot indoor lap pool, a sauna, and a yoga studio, plus a children’s playroom and parking.