Twenty-three contracts were signed last week in Manhattan at $4 million and above, three more than the previous week. Condos outsold co-ops, 16-3, with 1 condop and 3 townhouses in the mix.
Stat Geek Alert: The last 4 weeks registered 85 contracts at $4 million and above compared to 88 contracts last year. The 10-year average for the same July period is 78 contracts.
The No. 1 contract was 50 at 111 West 57th Street, asking $26,950,000, reduced from $29,500,000 when this condo building started marketing off of floorplans in 2016. The duplex has 4,492 square feet including 3 bedrooms and 3.5 bathrooms. It features a 50-foot great room with a 14-foot ceiling and spectacular Central Park views. Upstairs is a loggia—a covered outdoor space comprising 1,798 square feet and showcasing Central Park views.
111 West 57th Street is a 60-unit, 82-story building that rises 1,428 feet on the former site of the Steinway & Sons piano store. Amenities include a concierge, a fitness center, 82-foot pool, lounge, terrace, and a private dining room, plus a covered driveway entrance. Thirty-four units, averaging $4,151/sq.ft, have closed so far.
The No. 2 contract was the 12th floor at 133 East 80th Street asking $10.995,000; it was listed in March. The 11-room, prewar-penthouse co-op has 5 bedrooms, 5 bathrooms, and 2 woodburning fireplaces. A living room with a fireplace and a formal dining room open onto a 9’ x 38’ terrace. The eat-in kitchen and 2 other bedrooms open onto planting terraces. The penthouse needs to be renovated. The 19-unit building has a doorman and allows 50% financing.