Seventeen contracts were signed last week at $4 million and above, a disappointing total for the prime selling season of the year.
Stat Geek Alert: Only 3 condos were sold by developers, and of the 6 townhouses that went to contract, five were in the East 70s and 80s between Lexington and Park Avenues—and averaged under $10 million.
The No. 1 contract was PH905 at 1 West 67th Street, asking $11.995 million, reduced from $19 million when it was listed in June 2017. This triplex co-op has 4 bedrooms, 5 bathrooms, 3 powder rooms, and a 55-foot great room with over 18-foot ceilings. The top-floor master suite is surrounded by an 827-square-foot terrace. The unit is in the Hotel des Artistes, which was designed in 1917 and gained popularity with artists and actors. Amenities include doormen, a swimming pool, two workout rooms, squash court, roof garden, and the Leopard at Des Artistes restaurant.
The No. 2 contract was a townhouse at 182 East 75th Street, asking $11.5 million, reduced by $495,000 when it went on the market in March 2018. The 4-story, 18-foot-wide house has 5,850 square feet including 5 bedrooms, 6 bathrooms, a powder room, and an elevator. It was purchased for $9.28 million in May 2015 and then renovated.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 4 | 1 | 0 | 0 | Avg.Ask: $7,169,000 |
5 |
Condos | 0 | 2 | 1 | 3 | Avg.Ask: $6,167,500 Avg.$/sq.ft.: $2,519/sq.ft. Avg.Size: 2,448 sq.ft. |
6 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: $9,100,000 Avg.$/sq.ft.: $1,783/sq.ft. Avg.Size: 5,105 sq.ft. |
6 | ||||
TOTALS | 9 | 3 | 1 | 4 | 17 |
CLICK HERE TO VIEW 11 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 6 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 |