Fifteen contracts were signed this past week at $4 million and above in Manhattan, 2 more than the previous week. Condos outsold co-ops, 10-3, and 2 townhouses were in the mix.
Stat Geek Alert: In the last 2 weeks, 28 contracts were signed in Manhattan at $4 million and above, comparable to the first 2 weeks in August of 2018. The 10-year average of contracts signed at $4 million and above in the first 2 weeks of August is 37 or 15.5 contracts per week.
The No. 1 contract was unit 1 at 95 Charles Street, asking $13,995,000; it was listed in the middle of July. The condo spans 6,261 square feet over 4 floors including 6 bedrooms, 4 bathrooms, 2 powder rooms, and 2 fireplaces. A dramatic great room with 16-foot ceilings opens onto a 1,295-square-foot garden with an outdoor kitchen. The apartment is in a 5-unit, 38-foot-wide building with an elevator but no amenities. The seller paid $8.5 million in 2008.
The No. 2 contract was 4/5A at 895 Park Avenue, asking $12 million; it was listed in June. This 12-room co-op duplex has 7 bedrooms, 7.5 bathrooms, and 4 fireplaces. It overlooks Park Avenue and 79th Street. The unit needs to be renovated and has been owned by the same family for over 50 years. Amenities include doormen, a fitness center with a squash/basketball court. and storage. The building allows 50% mortgage financing.