Ten contracts were signed in Manhattan last week at $4 million and above, 8 fewer than the previous week. Condos outsold co-ops, 7-1, and 2 townhouses were in the mix.
Stat Geek Alert: Last week’s total of 10 contracts was the lowest since the week of September 5-11, 2022, when 10 contracts were also signed. September is often the worst month of the year for luxury sales because of the Labor Day holiday, back-to-school distractions, and the Jewish holidays. As it happens, the third quarter is typically the worst of the year.
The No. 1 contract was a townhouse at 60 East 66th Street, asking $13.75 million, reduced from $18.5 million when it was listed in August 2017. The 6-story, 20-foot-wide limestone house has 9,769 square feet. It has been configured into 10 free-market units with an elevator. Annual real estate taxes are $133,756. The seller purchased the house for $5.85 million in February 2010.
The No. 2 contract was Unit 1104 at 515 West 18th Street, asking $8,750,000, lowered from $10,950,000 when the building started marketing in the summer 2020. The condo has 2,536 square feet including 3 bedrooms and 3.5 bathrooms. A 42-foot great room and master bedroom open onto a 1,158 square-foot terrace with peeks of the Hudson River. The building, known as The Lantern, was designed by Heatherwick Studio (architects of the Vessel at Hudson Yards and Little Island). Amenities include a doorman, a health club that features a 75-foot swimming pool, infrared sauna, cold plunge, hot tub, massage/treatment room, steam rooms, a playroom, library, game room, and a yoga and meditation room overlooking the High Line Park.