Fifteen contracts were signed last week at $4 million and above, capping a month in which a total of only 68 contracts were recorded, a 29% decline over January 2017. What’s more, it was the lowest total since January 2012, when 40 contracts were signed. Among the factors: January is typically a weak month; extreme cold for much of the period kept potential buyers indoors; and some customers paused to assess the impact of the new tax law, which was signed in late December.
The No.1 contract was 3/4E at 271 Central Park West, asking $17.75 million, sold by actor Bruce Willis, who paid $16.995 in March 2015. The duplex co-op with 6 bedrooms and 4.5 bathrooms sold within a week of listing. Upstairs: The living room, formal dining room, eat-in kitchen, and den all face Central Park. Downstairs: 4 of the 6 bedrooms face Central Park.
The No. 2 contract was a townhouse that comes with a rear carriage house at 131 Charles Street, asking $10.8 million, reduced from $13.5 million when it went on the market in April 2015. A rear garden separates the 4-story, 25-foot-wide house and the 2-story carriage house. The main house has 4 bedrooms and 3 bathrooms, while the 900-square-foot carriage house has 2 bedrooms and 2 bathrooms.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 2 | 2 | 0 | 1 | Avg.Ask: $9,068,800 |
5 |
Condos | 0 | 0 | 0 | 7 | Avg.Ask: $5,174,284 Avg.$/sq.ft.: $2,342/sq.ft. Avg.Size: 2,209 sq.ft. |
7 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: $9,566,667 Avg.$/sq.ft.: $1,870/sq.ft. Avg.Size: 5,116 sq.ft. |
3 | ||||
TOTALS | 2 | 2 | 0 | 11 | 15 |
CLICK HERE TO VIEW 12 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 3 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 |