Twenty-four contracts were signed last week in Manhattan at $4 million and above, one more than the previous week. Condos outsold co-ops, 15-3, and 6 townhouses were in the mix.
Stat Geek Alert: Although it wasn’t a gangbuster week in total sales, get this: 10 contracts were signed at $10 million and above, the biggest week in trophy sales since the last week in April, when 11 were signed.
The No. 1 contract was PH17/18D at 740 Park Avenue, asking $25 million, reduced from $39.5 million when it started on the market in April 2018 and then cycled through 2 brokerage firms. The duplex co-op has 3 bedrooms, 3.5 bathrooms, 3 fireplaces, and 5 terraces. It features a sweeping staircase and 12-foot-high ceilings with south, north, and west views of Central Park. The seller is John Thain, the former CEO of Merrill Lynch and the New York Stock Exchange as well as the former President of Goldman Sachs, who paid $27.5 million in June 2006. The co-op does not allow mortgage financing and is known for its large apartments and famous, wealthy residents; it was the subject of a book published in 2005 called 740 Park by Michael Gross. Amenities include a doorman, gym, and storage.
The No. 2 contract was 452 Greenwich Street, a Tribeca townhouse asking $24.5 million; it was listed in May. The seller purchased it for $5.65 million in 2003.
The 4-story 25-foot-wide house has 7,500 square feet including 5 bedrooms, 6 bathrooms, 3 fireplaces, an elevator, and a garage. It has a 2,500-bottle wine cellar and a 1,200-square-foot rooftop terrace.