The stubborn clouds that have hung over Manhattan’s luxury real estate market have finally parted, letting some sunlight peek through. Twenty-three contracts were signed last week at $4 million and above, the first plus-20 total in almost 3 months. Condos out sold co-ops 16 to 5, and there were 2 townhouses in the mix.
The No. 1 and No. 2 contracts were 2 penthouse condos at 275 West 10th Street: PHC, asking $29.5 million, and PHA, asking $18.85 million. PHC is a duplex with an elevator. It has 5,985 square feet, plus a terrace that totals 1,536 square feet. It also has 5 bedrooms, 5 bathrooms, 2 powder rooms, and a fireplace. The upper level has floor-to-ceiling glass windows that open onto a 70-foot-wide terrace with an outdoor kitchen. PHA is a smaller duplex with 3,846 square feet including 3 bedrooms, 3 bathrooms, 2 powder rooms, and an eat-in kitchen. Upstairs is a glass great room that opens onto a 1,915-square-foot terrace. In this building, which is known as the Shephard, amenities include a doorman, fitness room, children’s playroom, basketball court, golf simulator, and an art room, plus a landscaped garden.
The No. 3 contract was the 7th floor at 21 East 66th Street, asking $12.95 million, reduced from $14.35 million when it went on the market a year ago. The condo has 3,600 square feet with 3 bedrooms and 4.5 bathrooms. Wrapping the corner of Madison and 66th Street, it has been gut-renovated, and is in superb condition.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 0 | 0 | 2 | 3 | Avg.Ask: $7,677,000 |
5 |
Condos | 2 | 3 | 2 | 9 | Avg.Ask: $9,139,999 Avg.$/sq.ft.: $3,227/sq.ft. Avg.Size: 2,832 sq.ft. |
16 |
Condops * | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 0 | 2 | 0 | 0 | Avg.Ask: $6,247,500 Avg.$/sq.ft.: 1,607 sq.ft.. Avg.Size: 3,889 sq.ft. |
2 |
TOTALS | 2 | 5 | 4 | 12 | 23 |
CLICK HERE TO VIEW 21 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 2 CONTRACTS SIGNED ON TOWNHOUSES
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |