Thirty-eight contracts were signed last week at $4 million and above in Manhattan, 8 more than the previous week. It was an impressive total considering the troublesome performance of the stock market thanks to soaring inflation, rising interest rates, and the Russia-Ukraine crisis. Condos outsold co-ops, 29-7, and 2 townhouses were in the mix.
Stat Geek Alert: Twenty of the properties were sold by sponsors, the highest activity in new constructions since the middle of December.
The No. 1 contract was PH78 at 111 West 57th Street, asking $53.8 million. This duplex condo has 6,512 square feet including 4 bedrooms and 4.5 bathrooms. A 49-foot great room with 14-foot ceilings overlooks Central Park. Upstairs, the master bedroom suite and second bedroom overlook Central Park. The 60-unit, 82-story building rises 1,428 feet on the former site of the Steinway & Sons piano store and is near completion. Amenities include a concierge, a fitness center, 82-foot pool, lounge, terrace, and a private dining room, plus a covered driveway entrance.
The No. 2 contract was 14A at 155 West 11th Street, asking $22 million. The seller purchased the unit from the sponsor and paid $18,940,564 in June 2017. It has 3,951-square feet including 4 bedrooms and 3.5 bathrooms, and features a 39-foot great room with floor-to-ceiling windows and open city views facing south. A balcony is off the breakfast room. The apartment is in the Greenwich Lane, a 5-building complex comprised of 193 condos and 5 townhouses. Amenities include a concierge, doorman, parking, fitness center, a 25-meter swimming pool, golf simulator, garden, residents’ lounge, and children’s playroom.