Twenty-four contracts were signed last week in Manhattan at $4 million and above, the same total as the previous week. The mix of properties was also the same as the previous week: Condos outsold co-ops, 17-6, with 1 townhouse in the mix.
The last 8 weeks has seen an 11% decline in the number of contracts
signed at $4 million and above over last year.
The No. 1 contract was PHA at 36 Bleecker Street, asking $21 million, reduced from $22,500,000 when it was listed in December. This duplex penthouse condo has 4,480 square feet including 4 bedrooms and 5 baths. Upstairs is a 28-foot great room, a library with a gas fireplace, and a solarium flanked by 2 terraces totaling 1,388 square feet. The bedrooms are downstairs. The unit is in a 6-story, 20-unit condo known as the Schumacher, which was built in 1895 to house a lithography business. Amenities include doormen, a fitness center, storage, playroom, and a rooftop garden. The seller paid $14,800,00 in June 2019.
The No. 2 contract was the 3rd floor of 640 Park Avenue, asking $15 million, reduced from $24 million when it was listed in July 2021. The full floor co-op has 4 bedrooms, 2 staff rooms, 6.5 bathrooms, 6 fireplaces, and 10-foot ceilings.
The living room, library, and formal dining room face Park Avenue. Amenities include a doormen and storage. The co-op board allows a maximum of 35% financing. The seller paid $20,500,000 in June 2011.