We just concluded a stellar February, and as we approach Spring, hope springs eternal, as 28 contracts were signed last week at $4 million and above. Scoring 28 might auger well for a muscular March.
A bonus for stat geeks: The top two contracts last week were co-ops, something that hasn’t happened in exactly a year.
The No.1 contract was 8/9 at 24 Gramercy Park North, asking $16 million; it was listed in January. This prewar duplex co-op has 4 bedrooms, 3 bathrooms, 2 powder rooms, and 6 working fireplaces. Downstairs is a living room and library lined by 3 Juliet balconies and spanning 48-feet overlooking Gramercy Park. The bottom floor also includes a formal dining room, media room, guest bedroom, an eat-in kitchen, and office. Upstairs is a bedroom, sitting room, and a master suite that faces Gramercy Park.
The No. 2 contract was 10E at 262 Central Park West, asking $12.5 million, and it sold in only 2 weeks on the market. This corner, 9-room unit has 75 feet of frontage on Central Park including a side-by-side living room and dining room, master bedroom, and library. The renovated co-op has 3 bedrooms, 4 bathrooms, and an eat-in kitchen.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 3 | 2 | 0 | 1 | Avg.Ask: $8,369,167 |
6 |
Condos | 6 | 2 | 3 | 10 | Avg.Ask: $6,002,143 Avg.$/sq.ft.: $2,519/sq.ft. Avg.Size: 2,382 |
21 |
Condops * | 1 | 0 | 0 | 0 | Avg.Ask: $4,695,000 Avg.$/sq.ft.: $1,792/sq.ft. Avg.Size: 2,620 |
1 |
Townhouses | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: . Avg.Size: |
0 |
TOTALS | 10 | 4 | 3 | 11 | 28 |
CLICK HERE TO VIEW 28 CONTRACTS SIGNED ON APARTMENTS
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Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |