Nineteen contracts were signed last week at $4 million and above, just shy of the 20 + benchmark that the Manhattan market hasn’t hit in 4 months. Condos outsold co-ops, 14 to 1, and 4 townhouses were in the mix. Only 1 condo was sold by a sponsor/developer.
The No. 1 contract was PH76B at 80 Columbus Circle, asking $30 million; it was listed in July. This 4,825-square-foot condo is in the residences above the Mandarin Oriental Hotel. The unit has 4 bedrooms and 5.5 bathrooms, a terrace off the living room and a 42-foot master suite that faces Central Park. The owner paid $30.55 million in July 2011. Condo amenities include a fitness center, landscaped terrace, a meeting room with Central Park views, and access to the hotel’s pool and spa.
The No. 2 contract was a townhouse at 3 East 94th Street, asking $24.5 million, reduced from $29.5 million when it was listed in November 2016. This 6-story, 25-foot-wide house has 9,850 square feet including 6 bedrooms, 6 bathrooms, 2 powder rooms, 5 fireplaces, an elevator, a garden on the ground floor, and a terrace on the top floor. It also has a media room, eat-in kitchen, and a finished basement with a 400-bottle wine cellar. The house was purchased in October 2010 for $18.5 million and then renovated. Annual real estate taxes are $197,525.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 0 | 1 | 0 | 0 | Avg.Ask: $4,295,000 |
1 |
Condos | 2 | 3 | 2 | 7 | Avg.Ask: $7,193,571 Avg.$/sq.ft.: $2,546/sq.ft. Avg.Size: 2,826 sq.ft. |
14 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: $13,510,000 Avg.$/sq.ft.: $1,918/sq.ft. Avg.Size: 7,043 sq.ft. |
4 | ||||
TOTALS | 4 | 5 | 2 | 8 | 19 |
CLICK HERE TO VIEW 15 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 4 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 |