Twenty-nine contracts were signed last week in Manhattan at $4 million and above, 7 more than the previous week. Condos outsold co-ops, 23-6.
Stat Geek Alert: The luxury market is riding an impressive streak. Check out the number of sales in the last 3 weeks: 14, 22, 29. How long can it continue?
The No. 1 contract was PHW at 25 Bond Street, asking $39.5 million; it was listed in mid-December. This duplex penthouse condo has 6,358 square feet including 4 bedrooms, 3 bathrooms, library, media room, 2 powder rooms, 4 fireplaces, and 2 terraces totaling 2,450 square feet, plus 2 deeded parking spots. The ground floor has a 43-foot great room with a fireplace that opens onto a 43-foot terrace. The second floor has the primary suite with a sitting room and 3 other bedrooms. Above the second floor is a rooftop terrace with an outdoor kitchen and a giant hot tub. The seller purchased the unit for $24,611,000 in October 2021 and then undertook a multi-year renovation. Amenities in this 8-story, 9-unit building include a doorman, gym, and garage. Monthly common charges and taxes total $32,487.
The No. 2 contract was the 49th floor at 111 West 57th Street, asking $24.25 million, reduced from $29.25 million when it was listed off floorplans in June 2016. The condo has 4,492 square feet including 3 bedrooms and 3.5 bathrooms with a 50-foot great room and a 14-foot ceiling overlooking Central Park. The building has 60 units and 82 stories rising 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-seven units, averaging $4,215/sq.ft., have closed so far.