Thirteen contracts were signed last week at $4 million and above. The good news: The total exceeded each of the previous 2 weeks. The bad news: For the third straight week, not a single property went to contract at $10 million and above, a never-before-recorded stat since we started publishing this report in 2010.
The No. 1 contract was 3B at 90 Morton Street, asking $8,620,000. This new 4-bedroom, 4-bathroom unit has 2,914 square feet and features 11’7” ceilings. It is in a former printing plant that was converted into a 12-story, 28-unit condo and started offering apartments off of floorplans in the Fall of 2017. Amenities include a concierge, a covered driveway, a fitness center, a 64-foot pool, residents’ lounge, children’s playroom, and a rooftop terrace with an outdoor kitchen.
The No. 2 contract was 39A at 1 West End Avenue, asking $8 million. The unit has 3,055 square feet including 4 bedrooms, 4.5 bathrooms, and 10.5-foot ceilings. This new condo building has 35,000 square feet of amenities including a fitness center, a 75-foot pool, terraces with cabanas and an outdoor kitchen, a children’s playroom, and a garage.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 1 | 0 | 0 | 1 | Avg.Ask: $5,000,000 |
2 |
Condos | 1 | 4 | 0 | 4 | Avg.Ask: $5,771,000 Avg.$/sq.ft.: $2,184/sq.ft. Avg.Size: 2,7642 sq.ft. |
9 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: $6,700,000 Avg.$/sq.ft.: $1,579/sq.ft. Avg.Size: 4,242 sq.ft. |
2 | ||||
TOTALS | 3 | 4 | 0 | 6 | 13 |
CLICK HERE TO VIEW 11 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 |