Twenty-two contracts were signed last week at $4 million and above, 5 fewer than the previous week. Condos outsold co-ops, 14 to 4, and 4 townhouses were in the mix.
Stat Geek Alert: The first 3 quarters yielded a record 1,329 contracts, more than twice the total for the entire year of 2020 and 42% more than all of 2019. But as we enter the 4th quarter, I am thinking of the great songwriter Cole Porter, and wondering: Maybe the Manhattan luxury market has been “too hot not to cool down.”
The No. 1 contract was 9/10B at 720 Park Avenue, asking $15.9 million, reduced from $22 million when it was listed in October 2019. This duplex co-op has 7 bedrooms, 5 bathrooms, 2 powder rooms, and 2 fireplaces. It was purchased for $12 million in 2006, and underwent a 3-year renovation starting in 2008. The building does not allow financing. Amenities include doormen, gym, and storage.
The No. 2 contract was 6G at 443 Greenwich Street, asking $12.995 million, and sold within 5 weeks of listing. It has 3,883 square feet including 4 bedrooms and 4.5 bathrooms. 443 Greenwich is a former factory, built in the 1880s, that was converted into a 53-unit condo, and retains some of the original details, like large windows and huge shutters. Amenities include a lap pool, fitness center, garage with valet parking, a landscaped courtyard, and a roof deck. The seller paid $11,261,845 in May 2017.