Thirty-two contracts were signed last week in Manhattan at $4 million and above, four more than the previous week. Condos outsold co-ops, 21-8, and 3 townhouses were in the mix.
Stat Geek Alert: According to our stats for last decade, the first quarter of 2023 is shaping up to yield a par-for-the-course performance, ranking No. 5 with 313 contracts signed in Manhattan at $4 million and above. It falls well below last year’s record-breaking first quarter of 416 contracts signed.
The No. 1 contract was a property comprised of 2 townhouses sold by the same owner at 15 and 17 East 77th Street, asking $32.5 million, reduced from $38 million when listed a year ago. Each house is 5 stories and 16.67-feet wide.
Combined, they total 9,760 square feet. The interior of the houses is a shell in white-box condition, ready to be renovated. Real estate taxes total $221,430. The seller bought the houses between 2010 and 2012 for a total of $22.5 million.
The No. 2 contract was PH at 993 Fifth Avenue, asking $19.95 million, reduced from $39.5 million when it was listed at the end of June 2021. This duplex penthouse co-op has 12 rooms including 4 bedrooms and 4.5 bathrooms. The downstairs entertaining space features a 40-foot living room, gallery, and formal dining room—all opening onto a 51-foot terrace overlooking Central Park. Upstairs are 3 bedrooms surrounded by terraces. The unit needs to be completely renovated and many of the online web photos show an apartment that has been virtually staged. Amenities in the building include doormen, fitness center, and storage. The co-op board does not allow mortgage financing.