Twenty-one contracts were signed last week at $4 million and above, 7 more than the previous week. Condos outsold co-ops, 14-3, and 4 townhouses were in the mix.
Stat Geek Alert: You’d think that co-op apartments would be bigger sellers than townhouses in Manhattan. Afterall, there are thousands upon thousands more co-ops than townhouses. But get this: In the last 3 weeks, townhouses have outsold co-ops, 7-4.
The No. 1 contract was a townhouse at 276 West 11th Street, asking $16.995 million; it was listed in September. This 25-foot-wide, 3-story red brick house has 5,217 square feet, and has been divided into five 1-bedroom apartments.
The listing broker, Velvet Abashian, said that the same family has owned the property since 1924, and she handled the rentals in the building for the last 30 years. Abashian said numerous developers considered purchasing the house, but ultimately a buyer from England swooped in and bought the townhouse, planning to turn it into a single-family home. Annual real estate taxes are $68,526.
The No. 2 contract was 41AB at 23 East 22nd Street, asking $12.75 million; it was listed in March. The condo has 3,310 square feet including 4 bedrooms and 4 bathrooms, 11-foot ceilings, and views of Madison Square Park, the city, and the Hudson River. Amenities in the building, known as One Madison, feature a fitness room, pool, lounge, children’s playroom, and screening room.