Forty-one contracts were signed last week in Manhattan at $4 million and above, two more than the previous week and the fourth time this year of 40 or more sales. Condos outsold co-ops, 29-7, and 4 townhouses were in the mix.
Stat Geek Alert: Year-to-date, the luxury market has been averaging 4% negotiability from the original asking price to the last asking price before a property goes to contract. Last week that stat was 0% negotiability, something not seen since 2014.
The No. 1 contract was the 46th floor at 111 West 57th Street, asking $30 million, raised from $28.5 million when it was listed off of floorplans in 2016.
This condo has 4,492 square feet including 3 bedrooms and 3.5 bathrooms. A 50x21-foot great room with 14-foot ceilings overlooks 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 PH30 at 301 East 80th Street, asking $27.495 million,
raised from $25 million when the property was listed off of floorplans in October 2019. The penthouse has 5,452 square feet including 5 bedrooms and 7.5 bathrooms. It has 12-foot ceilings and 3 terraces that total 893 square feet. The unit is in the new Beckford Tower, a 31-story limestone condo with 72 residences designed by William Sofield. Amenities include doormen, a fitness center, a 65-foot swimming pool, half-court basketball, playroom, game room, and resident’s lounge.