Fourteen contracts were signed last week at $4 million and above, 1 fewer than the previous Thanksgiving week. Condos outsold co-ops, 12-1, and 1 townhouse was in the mix. Despite the lackluster performance, there was impressive action at the top: 4 contracts were signed asking over $20 million.
Stat Geek Alert: For well over a decade now, the co-op market has underperformed the condo market, and this alarming stat drives home the point: Only 1 co-op has gone to contract in Manhattan at $4 million and above in the last 2 weeks.
The No. 1 contract was a combination of two apartments sold off of floorplans: 47S and 47N at 50 West 66th Street, asking a total of $45.5 million. The condo has 6,965 square feet including 5 bedrooms and 5.5 bathrooms, an office, home theater, and a 24’ x 23’ eat-in kitchen. It features a 54-foot great room flanked by 2 loggias that showcases dramatic Central Park views. Ceiling heights range from 13 to 14 feet. Amenities include a fitness center, indoor and outdoor swimming pools, basketball and squash courts, bowling alley, a screening room, game room, a bike room, and dog-washing facility. The unit was bought by a New Yorker.
The No. 2 contract was 58B at 157 West 57th Street, asking $24.8 million; it was listed in July. The condo has 4,193 square feet including 3 bedrooms and 3.5 bathrooms. A 30’ x 43’ great room and the master bedroom have views of Central Park. The building was designed by Pritzker Prize-winning architect Christian de Portzamparc, with interiors by Thomas Juul-Hansen. The 90-story, 90-unit condo was built above the 5-star Park Hyatt Hotel, which has a separate entrance for its 210 rooms. Amenities include use of hotel services, a fitness center, pool, private dining, a library lounge, performance space, and a garage. The seller paid $24,944,238 at the end of September 2015.