After 2 weeks of hitting 30 and above, the action dipped to 24 contracts signed last week at $4 million and above. Despite the dip, the total is respectable, considering the week was shortened by Memorial Day.
The No.1 contract was the Penthouse at 25 Mercer, asking $17.5 million. This condo triplex has 4,584 square feet including 5 bedrooms and 5.5 bathrooms. The top floor has 2 terraces totaling 2,600 square feet with a fireplace. The unit has some dramatic features like 13-foot ceilings in several rooms, a large entertainment space with a fireplace, and a large eat-in kitchen. This 5-unit boutique condo started sales in April. The building has a virtual doorman but no amenities.
The No. 2 contract was 61B at 252 East 57th Street, asking $11.4 million, reduced from $13.4 million when it went on the market in March 2015. This 3,331-square-foot unit has 4 bedrooms and 4.5 bathrooms, a 39-foot living room with a balcony, and spectacular views of Central Park and the East River. The condo has 11.5-foot ceilings, and was sold off of floorplans in a new building designed by Skidmore, Owings & Merrill. Amenities include a concierge, garage, fitness center, a children’s playroom, a 75-foot swimming pool, a library, billiards and screening rooms, a catering kitchen and dining room, bicycle and storage rooms, and furnished guest suites. There is also a play space and grooming station for your dog.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 4 | 1 | 1 | 0 | Avg.Ask: $5,797,500 |
6 |
Condos | 1 | 3 | 2 | 10 | Avg.Ask: $6,587,000 Avg.$/sq.ft.: $2,641 Avg.Size: 2,495 sq.ft. |
16 |
Condops * | 0 | 0 | 1 | 0 | Avg.Ask: $7,525,000 Avg.$/sq.ft.: $2,500/sq.ft. Avg.Size: 3,010sq.ft. |
1 |
Townhouses | 0 | 1 | 0 | 0 | Avg.Ask: $6,850,000 Avg.$/sq.ft.: $2,074/sq.ft.. Avg.Size: 3,303 sq.ft. |
1 |
TOTALS | 5 | 5 | 4 | 10 | 24 |
CLICK HERE TO VIEW 23 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 1 CONTRACTS SIGNED ON TOWNHOUSES
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |