Twenty-four contracts were signed last week at $4 million and above, as the Manhattan luxury real estate market chugs along at a steady, 20-plus pace. The average discount off the original asking price was 11% before a contract was signed, and the average days on the market was 390.
Stat geek alert: For the first time in more than a year, not a single co-op or condo was sold on the Upper West Side, though one townhouse did go into contract.
The No. 1 contract was the 7th floor at 640 Park Avenue, asking $21 million, reduced from $25 million when it went on the market in February 2017. This full-floor, 14-room co-op has 6 bedrooms and 6.5 bathrooms. It features a living room and dining room that have a 65-foot expanse overlooking Park Avenue. The unit also has 3 fireplaces and a large kitchen.
The No. 2 contract was unit N16B at 565 Broome Street, asking $15.5 million. This duplex condo has 3,576 square feet including 4 bedrooms and 3.5 bathrooms. The downstairs entertaining space features a 2,200-square foot outdoor terrace with its own saltwater pool and outdoor shower, plus a kitchen. This new building was designed by Pritzker-prize-winning architect Renzo Piano, who also designed the new Whitney Museum. Condo amenities include a concierge, gym, a 55-foot indoor lap pool, a steam room, sauna, spa, and yoga studio. There is also a children’s playroom and parking.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 4 | 0 | 1 | 1 | Avg.Ask: $8,405,833 |
6 |
Condos | 4 | 0 | 2 | 9 | Avg.Ask: $6,841,667 Avg.$/sq.ft.: $2,734/sq.ft Avg.Size: 2,503 sq.ft. |
15 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: $7,748,333 Avg.$/sq.ft.: $1,769/sq.ft. Avg.Size: 4,380 sq.ft. |
3 | ||||
TOTALS | 9 | 1 | 3 | 11 | 24 |
CLICK HERE TO VIEW 21 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 |