Thirty-two contracts were signed last week in Manhattan at $4 million and above, one more than the previous week. Condos outsold co-ops, 23-7, and 2 townhouses were in the mix.
Stat Geek Alert: For the 5th straight week, the luxury market has cracked 30 contracts signed, putting it on track to be the 2nd strongest June since we started keeping records in 2006. The strongest June was in the record-breaking 2021.
The No. 1 contract was West PH36 at 500 West 18th Street, asking $52 million, reduced from $65 million when it was offered off of floorplans in 2018 by the original developer. It is the most expensive apartment to go to contract Downtown this year.
The unit has 6,933 square feet including 6 bedrooms and 7.5 bathrooms, which are surrounded by a 4,870-square-foot terrace with views in all directions. It is in a condo called One Highline, formerly known as the XI, a project with 2 buildings (a condo and a hotel) that landed in a $1 billion-plus foreclosure in 2021. Amenities include a fitness center, 75-foot lap pool, spa-treatment rooms, a golf simulator, children''s playroom, private dining, a games lounge, and a garage. Services are offered from the adjacent Faena Hotel, which is part of the re-branded project.
The No. 2 contract was the 12th floor at 515 Park Avenue, asking $14,999,000; it has been on the market since February. The full-floor condominium has 5,000 square feet including 6 bedrooms and 6.5 bathrooms. The corner living room, library, and 3 bedrooms face Park Avenue. The owner paid $17.2 million in November 2015. Amenities in the building include doormen, gym, and storage.