The Real Deal New York

24 contracts signed for $4M or more in last week of July

Biggest deal was UES townhouse at $12 million

August 03, 2015 08:30AM

From left: 167 East 71st Street, 41 Bond Street and a rendering of 400 Park Avenue South

From left: 167 East 71st Street, 41 Bond Street and a rendering of 400 Park Avenue South

It’s the hazy, lazy days of summer. But not at 400 Park Avenue South.

While the two top contracts of the week weren’t signed there, the new Toll Brothers-developed condo development saw 12 deals at the price point, according to Olshan Realty’s latest luxury report.

The biggest deal of the week was a townhouse at 167 East 71st Street for $12 million. The original asking price, when the unit hit the market in February, was $14 million. The five-story home includes five bedrooms, 5.5 bathrooms as well as an elevator. The property last traded hands in 2004 for $6.25 million.

Olshan Report

Source: The Real Deal analysis of Olshan Realty data

The second biggest contract of the week was a penthouse at 41 Bond Street for $11.7 million. The unit had been on the market for less than five weeks. The duplex condo includes two bedrooms, 2.5 bathrooms, 1,500 square feet of outdoor space and a balcony. It last changed hands for $8.2 million in 2011. [Olshan Realty] — Claire Moses

 

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