Nineteen contracts were signed last week at $4 million and above, a 58% increase over the previous week (August 6-12), when 12 contracts were signed. Over half of the apartments were sold by developers.
Stat geek alert.: For the 7th time this year, the No.1 or No. 2 slot went to 432 Park. And for the 3rd time this year, the No. 1 or No. 2 slot went to 157 West 57th Street.
The No. 1 contract was the 77th floor at 157 West 57th Street, asking $44 million, reduced from $52 million when it went on the market in February of 2017. The condo has 6,240 square feet including 4 bedrooms and 4.5 bathrooms, with 11’-9” ceilings and panoramic views of Central Park and the city. The unit has a 58-foot living room facing Central Park and a 30-foot master bedroom. The contract represents a loss on sale--the owner paid $47,782,187 in May 2015 when it was purchased from the developer, Extell. 157 West 57th Street was designed by Pritzker Prize-winning architect Christian de Portzamparc, with interiors by Thomas Juul-Hansen. The 90-story, 90-unit condo was built above the 5-star Park Hyatt hotel that has a separate entrance for its 210 rooms. Amenities include use of hotel services, fitness center, pool, private dining, a library lounge, performance space, and a garage.
The No. 2 contract was 40C at 432 Park Avenue, asking $16.95 million; it was sold by the sponsor CIM Group and Macklowe Properties. The corner unit has 3,575 square feet including 3 bedrooms and 3.5 bathrooms. It features a 29’ x 29’ living room, 12.5-foot ceilings, and north, south, and west views from windows that measure 10 x10 feet. This new condo is 96 stories high, a concrete-and-glass edifice designed by Rafael Vinoly that is 1,396 feet tall and can be seen from almost anywhere in the 5 boroughs. Amenities include a fitness center, a 75-foot swimming pool, private dining, parking, a garden, and a children’s playroom.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 1 | 1 | 0 | 1 | Avg.Ask: $8,832,500 |
3 |
Condos | 2 | 2 | 3 | 6 | Avg.Ask: $9,475,385 Avg.$/sq.ft.: $3,417/sq.ft. Avg.Size: 2,773 sq.ft. |
13 |
Condop* | 0 | 0 | 0 | 1 | Avg.Ask: $8,495,000 |
0 |
Townhouses | Avg.Ask: $7,072,500 Avg.$/sq.ft.: $1,197/sq.ft. Avg.Size: 5,908 sq.ft. |
2 | ||||
TOTALS | 3 | 4 | 3 | 9 | 19 |
CLICK HERE TO VIEW 17 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 |