Thirty-nine contracts were signed last week in Manhattan at $4 million and above, 13 more than the previous week. Condos outsold co-ops, 23-14, with 2 townhouses in the mix. It was the largest weekly total since March 11-17 when 40 contracts were signed.
Stat Geek Alert: The 14 co-op contracts represent the largest total since November 15-21, 2021, when 16 co-op contracts were signed. As it happens, weekly totals of 10 or more co-op contracts have occurred only 13 times over the last 3 years.
The No. 1 contract was PHB at 247 West 12th Street, asking $15,995,000, reduced from $17,950,000 when it was listed at the end of April. The seller paid
$14,995,000 in July 2016 and then renovated. This triplex co-op penthouse has 4,163 square feet including 4 bedrooms, 3.5 bathrooms, 10-foot ceilings, and 7 zones of central air conditioning. It comes with 2 deeded parking spots. The bedrooms are on the lower floor with entertaining space on the upper level. The top floor features a landscaped, rooftop terrace of more than 1000 square feet with an outdoor kitchen. The apartment is in the Greenwich House, a 6-story, 24-unit building with a doorman and superintendent.
The No. 2 contract was 11 Bank Street, asking $15 million, reduced from $21 million when it was listed in January. This 24-foot-wide, 5-story Greek revival townhouse has been owned by the same family for 60 years. It has been divided
into 4 rental apartments and has a 24’ x 18’ garden. Annual real estate taxes total
$79,052.