Thirty-three contracts were signed last week at $4 million and above in Manhattan, 2 fewer than the previous week. Condos outsold co-ops, 21-10, and 2 townhouses were in the mix.
Stat Geek Alert I: In the first 12 weeks of 2022, 394 contracts were signed at $4 million and above, outpacing last year’s 1st quarter record of 390 contracts.
Stat Geek Alert II: During the same period, volume totaled $3,099,695,963, dropping from $3,321,558,998 last year. One factor in the decline was the dip in trophy sales--70 contracts were signed at $10 million and above compared to 82 contracts during the same period in 2021.
The No. 1 contract was PH17 at 109 East 79th Street, asking $29.35 million.
It has 6,548 square feet including 5 bedrooms and 5.5 bathrooms. The living room with a fireplace and the formal dining room open onto 2 terraces that total 336 square feet and overlook 79th Street. Ceiling heights are 10 feet. This new 20-story, 31-unit condo was designed by Steven Harris Architects; completion is expected later this year. Amenities include doormen, a regulation-size squash court that converts to a basketball court, a gym, golf simulator, game room, and a spa treatment center. Twenty-four out of 31 units have sold with asking prices averaging $4,067/sq.ft.
The No. 2 contract was a townhouse at 280 West 11th Street asking $18.995 million, reduced from $20 million when it went on the market in September 2020.
This 6-story, 25.67-foot-wide house has 7,921 square feet and has been divided into 6 apartments. It backs on Bleecker Gardens, a common garden shared by 13 neighboring houses. The house needs to be renovated.