Twelve contracts were signed last week in Manhattan at $4 million and above, two fewer than the previous week. It was yet another lackluster performance, the 3rd week in a row of declining sales. The usual suspects are to blame—rising interest rates and a chaotic stock market. And once again, a mid-week Jewish holiday slowed the action.

The No. 1 contract was PH80 at 25 Columbus Circle, asking $49 million, reduced from $75 million when it was listed in July of 2019. The Wall Street Journal reported that the unit went to contract for $40 million. It has 8,274 square feet including 5 bedrooms and 6.5 bathrooms with spectacular views of Central Park and the Hudson River. A 42-foot living room is flanked by 2 fireplaces. The condo is being sold by Miami Dolphins owner Steve Ross, the chairman and founder of Related Companies, which developed the building as the Time Warner Center and completed it in 2003. Amenities include a 24-hour doorman, concierge services, valet parking/garage, landscaped terrace with river views, playroom, state-of-the-art fitness center, private screening room, pet terrace, and use of the Mandarin Oriental Hotel’s spa, swimming pool, and other services. Ross is moving to Related’s new building at 35 Hudson Yards.

The No. 2 contract was the 10th floor at 1228 Madison Avenue, asking $11.175 million. It has 3,841 square feet including 4 bedrooms and 5.5 bathrooms, plus a 184-square-foot terrace off the library. 1228 Madison Avenue is a new co-op building designed by architect Robert A.M. Stern with 15 units on 18 floors. It is a co-op with condo rules and has a 150-year land lease. Reliable sources have reported that the 10th floor and the 7th floor, which was the No.3 contract of the week, were sold to investors in the project. Amenities at 1228 Madison include a doorman, fitness center, storage and bike rooms.