Twenty-four contracts were signed last week in Manhattan at $4 million and above, 6 fewer than the previous week. Condos outsold co-ops, 17-6, with 1 townhouse in the mix.
The 24-contract total is exactly the same as the 10-year average for contracts (24) in a shortened post-Memorial Day week.
The No. 1 contract was the 5th floor at 760 Madison Avenue, asking $25,000,000.
The new condo in the Giorgio Armani Residences has 4,869 square feet including 4 bedrooms and 4.5 baths, plus a terrace and 2 balconies. The living room, dining room, eat-in kitchen, and 2 bedrooms overlook Madison Avenue. The 10-unit, 12-story condo was designed by CookFox. Amenities include a doorman, fitness center, and residents’ lounge. The ground-floor retail space will be occupied by Armani, and the designer plans to live in the building. The building quietly started marketing last summer, and has sold 70% of its units, with asking prices averaging $5,033/sq.ft.
The No. 2 contract was 17DC at 50 West 66th Street, asking $24,950,000. The building is now under construction. The 7,112-square-foot condo is a combination of 2 units, which include 6 bedrooms, 6.5 bathrooms, an office, and a TV/playroom. The unit has Central Park views from the living room and eat-in kitchen. Amenities in the 122-unit condo include doormen, a fitness center, indoor lap pool, an outdoor saltwater pool and jacuzzi, basketball and pickleball courts, screening room, game room, bike room, and dog-washing facility.