Twenty contracts were signed last week at $4 million and above in Manhattan, double the prior week’s total. Last week’s total was not only a robust rebound, it was a particularly unexpected performance when you consider that it came in the wake of one of Wall Street’s worst weeks of the year. Condos outsold coops, 12-4, with 3 townhouses and 1 condop in the mix.
Stat Geek Alert: Here’s an interesting stat, make of it what you will: In the midst of Tuesday’s stock market crash---when the Dow plummeted 1,276 points---4 contracts were signed. Then, as the Dow continued to slide further during the week, 3 contracts were signed on Wednesday; 5 on Thursday; and 4 on Friday. None were reported over the weekend.
The No. 1 contract was PH90 at 35 Hudson Yards, asking $49 million, reduced from $59 million when the building started marketing in 2019. It is one of the top 10 contracts of the year. The sponsor unit has 10,171 square feet including 5 bedrooms and 8.5 bathrooms. The condo features 14-foot ceilings, a 454-square-foot terrace, and spectacular views of the Hudson River, bridges, and the city. Amenities include a doorman, fitness center, yoga studio, golf simulator, screening room, dining room, and a residents’ lounge with a terrace.
The No. 2 contract was a townhouse at 137 West 13th Street, asking $23.5 million, reduced from $25 million when it was listed in June. The 21-foot-wide townhouse has 7,386 square feet with 5 bedrooms, 6 bathrooms, 2 powder rooms, 4 fireplaces, 4 terraces, a garden, and an elevator. The house was recently gut-renovated, and the cellar was excavated to create a 9-foot ceiling that houses a screening room, gym, infrared sauna with an adjacent shower, powder room, laundry, and wine room.