Twenty-seven contracts were signed last week at $4 million and above, only 2 of which were asking north of $10 million. If you are looking for the real strength in the luxury market, it is in the $4 to $6 million range.
The No.1 contract was 3C at 15 Central Park West, asking $14.8 million, reduced from $19 million when the unit went on the market in August 2015. This 2-bedroom, 2.5-bathroom condo has 2,532 square feet with a 29-foot living room and 20-foot dining room facing Central Park. In 2008, the apartment sold for $6,017,857. 15 Central Park West is one of the most expensive condos in New York. It is a limestone structure designed by Robert A.M. Stern with a host of amenities including a 14,000-square-foot fitness center that has a 75-foot pool; it also features a private restaurant for residents only, a landscaped motor court and garage, library, business center, game room, outdoor terrace, and children’s playroom.
The No. 2 contract was 5B at 101 West 78th Street, asking $10.795 million. It is a duplex with 4,477 square feet including 5 bedrooms and 4.5 bathrooms in a 1886 building that is being converted into a condo. Amenities include a doorman, gym, and children’s playroom.
STAR SALE: The No. 13 spot went to Greta Garbo’s former apartment on the 5th floor at 450 East 52nd Street, asking $5.95 million. The legendary screen actress lived in the co-op for almost 40 years until her death in 1990 at the age of 84 . An heir sold the unit within a month of listing. It has 3 bedrooms, 3 bathrooms, and fabulous East River views.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 3 | 1 | 1 | 2 | Avg.Ask: $5,785,000 |
7 |
Condos | 2 | 5 | 4 | 8 | Avg.Ask: $6,794,211 Avg.$/sq.ft.: $2,537/sq.ft. Avg.Size: 2,678 sq.ft. |
19 |
Condops * | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 1 | 0 | 0 | 0 | Avg.Ask: $7,500,000 Avg.$/sq.ft.: $2,193. Avg.Size: 3,420 |
1 |
TOTALS | 6 | 6 | 5 | 10 | 27 |
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Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |