Only 12 contracts were signed last week at $4 million and above, a plunge from the same week last year, when 24 contracts were signed. On the bright side: The top 2 deals had asking prices north of $20 million.
The No. 1 contract was a townhouse at 1083 Fifth Avenue, asking $29.5 million. It was sold by the National Academy Museum, which originally listed the property with 2 adjacent properties--a townhouse at 3 East 89th Street and a school at 5-7 East 89th Street. All 3 properties were listed together for a total of $120 million in April 2016. Less than a year later, the National Academy Museum ended up selling 1083 Fifth Avenue separately. The 6-story house is 27 feet wide, and has 14,748 square feet including 6 bedrooms, 10.5 bathrooms, and an elevator. It has views of the reservoir and elaborate architectural period details.
The No. 2 contract was North14B at 160 Leroy Street, asking $21 million, raised from $19.5 million when it was listed by the developer in January of 2016. This new condo has 4,557 square feet with 4 bedrooms, 4.5 bathrooms, a library, and a 196-square-foot terrace off the master suite. The living room is 50-feet long, and has views of the Hudson River. The buyer also purchased a 1 bedroom unit on a different floor—South9A, asking $3.2 million for 1,096 square feet. Designed as a spectacular undulating glass structure by the Pritzker Prize-winning architects Herzog & de Meuron, this 57-unit building has amenities that include a landscaped motor court, a doorman, a concierge, parking, fitness center, pool, and children’s playroom. Closings are expected in the first quarter of 2018, and over 90% of the units are sold.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 2 | 1 | 0 | 1 | Avg.Ask: $7,186,250 |
4 |
Condos | 0 | 0 | 2 | 4 | Avg.Ask: $8,215,000 Avg.$/sq.ft.: $3,290/sq.ft. Avg.Size: 2,497 sq.ft. |
6 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: $20,500,000 Avg.$/sq.ft.: $1,700/sq.ft. Avg.Size: 12,062 sq.ft. |
2 | ||||
TOTALS | 3 | 1 | 2 | 6 | 12 |
CLICK HERE TO VIEW 10 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 2 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 |