Twenty-eight contracts were signed last week at $4 million and above. That makes 126 contracts signed in May, the lowest total for the month of May since 2012, when 107 contracts were signed.
One more data point for you stat geeks out there: Year-to-date, 525 contracts have been signed at $4 million and above, a drop of 8% over the same period last year.
For the second week in a row, and for the fifth time this year, the No. 1 contract was at 432 Park Avenue: 65B, asking $28.25 million, reduced from $32.5 million when it went on the market in April 2017 (It was purchased for $26,601,22 in March 2016). The corner unit has 4,019 square feet including 3 bedrooms, a library, 4.5 bathrooms, and spectacular views of Central Park and the East River. 432 Park is 96 stories high with 106 condo units, a concrete-and-glass edifice designed by Rafael Vinoly that can be seen from almost anywhere in the 5 boroughs. Amenities include a fitness center, a 75-foot swimming pool, private dining room, parking, a garden, and a children’s playroom.
The No. 2 contract was the 55th floor of 45 East 22nd Street, asking $15.995 million, reduced from $20 million when it went on the market in October 2016. It has 4,651 square feet including 4 bedrooms, 4.5 bathrooms, and panoramic views of Madison Square Park and the entire city. Five floors of amenities include a concierge, doorman, a fitness center with a boxing and private training suite, golf simulator, basketball court, playroom for children, library, billiards and card rooms, terrace with outdoor grill, and 2 entertaining lounges on the 54th floor.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 7 | 1 | 0 | 3 | Avg.Ask: $6,909,545 |
11 |
Condos | 2 | 2 | 3 | 8 | Avg.Ask: $9,197,333 Avg.$/sq.ft.: $3,052/sq.ft. Avg.Size: 3,014 sq.ft. |
15 |
Condop* | 0 | 0 | 0 | 1 | Avg.Ask: $4,950,000 |
0 |
Townhouses | Avg.Ask: $5,995,000 Avg.$/sq.ft.: $1,988/sq.ft. Avg.Size: $3,016 sq.ft. |
1 | ||||
TOTALS | 9 | 3 | 3 | 13 | 28 |
CLICK HERE TO VIEW 27 CONTRACTS SIGNED ON APARTMENTS CLICK HERE TO VIEW PAGE 2 OF 27 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 1 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 |