Ten contracts were signed in Manhattan last week at $4 million and above. Condos outsold co-ops, 7-3. Six of the units were sold by sponsors.
Stat Geek Alert I: When you got it, flaunt it: 4 of the 10 units were asking $10 million and above.
Stat Geek Alert II: The last time Christmas Day fell on a Monday was in 2017, when 11 contracts were signed at $4 million and above.
The No. 1 contract was 3B at 15 Central Park West, asking $18,500,000; it was listed in the middle of October. The condo has 3,142 square feet with 3 bedrooms and 3.5 bathrooms. The living room, dining room, and master bedroom face Central Park; the unit is in excellent condition. The seller paid $8,146,000 in December 2007, purchasing the unit from the sponsor. The building was designed by architect Robert A.M. Stern. Amenities include a 14,000-square-foot fitness center with a 75-foot pool, a private restaurant for residents only, a landscaped motor court and garage, library, business center, game room, outdoor terrace, and children’s playroom.
The No. 2 contract was PHA at 685 Fifth Avenue, asking $16.5 million, raised from $15,000,000 when the building started marketing in the Spring of 2022.
This Mandarin Oriental condo has 2,341 square feet including 2 bedrooms, 2.5 bathrooms, a 95-square-foot terrace with a slice of Central Park views. The apartment was sold to a domestic buyer who frequently visits New York. The 29-story building has 65 units that are being sold furnished and outfitted with dishes, glassware, and Frette linens. So far, 5 units have closed averaging a hefty $5,119/square foot and 10 other units have been marked as a contract signed.
Happy New Year!!!!