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April 2-8, 2012
Report on Contracts Signed
NYC Residential
Properties
$4 Million and Above
12 Contracts Signed
In the wake of Passover and Easter Sunday, 12 contracts were signed and 3 were at asking prices over $20 million. A total of 5 contracts were signed at asking prices above $12 million. The big numbers were scored by Fifth Avenue estate sales: the estates of financier Ted Forstmann and the reclusive heiress Huguette Clarke.
The No. 1 contract was a duplex penthouse at 2 East 70th Street, asking $36 million. The co-op, owned by Forstman''s estate, sold within days in a bidding war for $40 million. It is a 4,000 square foot unit with 2 bedrooms on the bottom floor and a master suite on the top floor with a formal sitting room and a huge wraparound terrace.
The No. 2 contract was 12W at 907 Fifth Avenue, asking $24 million. The co-op is one of three separate apartments in
the building, owned by the late Ms. Clark, the copper heiress who died in May 2011 at the age of 104. The apartment has 14 rooms, 11 foot ceilings, 4 bedrooms, 4 baths,
and 4 fireplaces. It has a 37-foot entrance gallery, and 6 rooms face Fifth Avenue
with over 100 feet of frontage on Central Park. The apartment needs to be completely renovated.
NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
April 2-8, 2012
| |
East |
West |
Midtown |
Downtown |
Asking $/sq.ft. |
Totals |
Co-ops |
3 |
2 |
1 |
0 |
|
6 |
Condos |
2 |
1 |
2 |
1 |
Average Price: $3,480/sq.ft.
Average Size: 2,555sq.ft |
6 |
Condops * |
0 |
0 |
0 |
0 |
|
0 |
Townhouses |
0 |
0 |
0 |
0 |
|
0 |
Totals |
5 |
3 |
3 |
1 |
|
12 |
Total Weekly Asking Price Sales Volume: $152,985,000
Average Asking Price: $12,748,750
Median Asking Price: $7,495,000
Average Discount from Original Ask to Last Asking Price:1%
Average Days on Market:156
*Condop is a co-op with condo rules.
TO VIEW 12 CONTRACTS SIGNED ON APARTMENTS:
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http://media.realplusonline.com/webreports/1206072a106961.htm
TO VIEW 0 CONTRACTS SIGNED ON TOWNHOUSES:
Please click here to view the listings. If that doesn't work, please copy and paste the following address into your browser. Alternatively, you can Press Control and Click on the link below:
Donna Olshan
President
dso@olshan.com
Emily Chen
Private Wealth Real Estate Services
Chief of Research
ecc@olshan.com
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