Twenty contracts were signed last week at $4 million and above, an impressive total considering that the July 4th holiday blew a hole in the middle of the week. Weekly totals of contracts signed have not dipped below 20 since the end of January.
For only the fifth time this year, the No. 1 contract was a co-op: 14C at 888 Park Avenue, asking $14 million. This 10-room apartment has 4 bedrooms and 4 bathrooms. The baronial living room with a wood-burning fireplace, 2 bedrooms, library, and one bathroom overlook Park Avenue. The unit has been on the market since February 2017, and needs to be renovated.
The No. 2 contract was 50A at 277 Fifth Avenue, asking $12 million. This new condo has 2,333 square feet including 3 bedrooms and 3.5 bathrooms, and features a dramatic 20-foot ceiling in the living room, which opens onto a loggia/terrace measuring approximately 13 x 13 feet . Rafael Vinoly designed this 55-story, 130-unit condo; he was also the architect of 432 Park Avenue. Amenities include a concierge, a fitness center that opens onto a terrace, and a children’s playroom.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 3 | 0 | 0 | 2 | Avg.Ask: $7,898,750 |
5 |
Condos | 0 | 7 | 1 | 5 | Avg.Ask: $6,765,414 Avg.$/sq.ft.: $2,650/sq.ft. Avg.Size: 2,553 sq.ft. |
13 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: $6,075,000 Avg.$/sq.ft.: $1,608/sq.ft. Avg.Size: 3,776 sq.ft. |
2 | ||||
TOTALS | 3 | 8 | 1 | 8 | 20 |
CLICK HERE TO VIEW 18 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 |