Twenty contracts were signed last week in Manhattan at $4 million and above, the same as the previous week. Condos outsold co-ops, 12-7, with 1 townhouse in the mix.
Stat Geek Alert: The 20 contracts almost matched the 10-year average of 21 contracts for the third week in July.
Stat Geek Alert II: Only 5 contracts were signed in new developments, the lowest number of sponsor sales since the last week in February, when 5 contracts were also signed.
The No. 1 contract was PH11 at 760 Madison Avenue, asking $32,500,000. This penthouse duplex is in the Giorgio Armani Residences and has 4,216 square feet including 4 bedrooms, 4.5 baths, and 3 balconies totaling 870 square feet. It is the fourth time this year that a unit in 760 Madison Avenue, designed by CookFox, has taken the top spot. Amenities include a doorman, fitness center, and residents’ lounge. The ground-floor retail space is occupied by the Armani store, and the designer plans to live in the building, which is finishing construction. The 10-unit, 12-story building quietly started marketing last summer and is now sold out, averaging $4,955/sq.ft.
The No. 2 contract was 65E at 217 West 57th Street, asking $23,433,000. The apartment has nearly 11-foot-high ceilings and 3,364 square feet that includes 3 bedrooms and 3.5 bathrooms. The great room faces north and east with views of Central Park; the rest of the rooms face east and south with city views.
The unit is in Central Park Tower, a 1,550-foot-tall skyscraper with 179 units and over 50,000 square feet of amenities including indoor and outdoor pools, a fitness center, and a children’s playroom, plus a club room with a ballroom, bar, dining facilities, and a cigar lounge.
. | EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals |
---|---|---|---|---|---|---|
Co-ops | 3 | 4 | 0 | 0 | Avg.Ask: $6,932,857 |
7 |
Condos | 3 | 1 | 3 | 5 | Avg.Ask: $10,376,913 Avg.$/sq.ft.: $3,536/sq.ft. Avg.Size: 2,935 sq.ft. |
12 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 1 | 0 | 0 | 0 | Avg.Ask: $7,995,000 Avg.$/sq.ft.: $1,313/sq.ft. Avg.Size: 6,090 sq.ft. |
1 |
TOTALS | 7 | 5 | 3 | 5 | . | 20 |
CLICK HERE TO VIEW 19 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 1 CONTRACTS SIGNED ON TOWNHOUSES |
Donna Olshan, President |
Emily Chen, Private Wealth Real Estate Services
|
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |