Twenty-six contracts were signed last week at $4 million and above in Manhattan, six more than the previous week. Condos outsold co-ops, 20-3, and 3 townhouses were in the mix. It was a robust performance that showcased the resilience of the residential luxury market---particularly in light of the 20.6% decline in the S&P 500 in the first six months of this year. That marked the S&P 500’s worst performance since 1970. At the same time, the Nasdaq was down 30%.

The No. 1 contract was a townhouse at 17 West 9th Street, asking $13.995 million, reduced from $19,995,000 when it was listed a year ago. This 5-story, 26-foot-wide Italianate-style townhouse is configured as ground-floor commercial space with 6 rental units above it. Annual real estate taxes are $118,409.

The No. 2 contract was PH86B at 15 Hudson Yards, a sponsor unit asking $12,915,000. The condo has 3,147 square feet including 4 bedrooms and 4.5 bathrooms and featuring 10.8-foot ceilings. It also features dramatic south and west views of the Hudson River. 15 Hudson Yards has 285 units on 88 floors; it started marketing off of floors plans in October 2016. Amenities include a concierge, fitness center, 75-foot pool, a children’s playroom, a ballroom and catering kitchen, and a residents’ lounge.

Happy July 4 to all!