The Real Deal New York

28 contracts signed at $4M and up: Olshan report

118 luxury units signed for, down from 141 in Oct. 2014

November 02, 2015 11:30AM

Olshan

Clockwise from left: 32 East 74th Street, 56 Crosby Street, 443 Greenwich Street and 141 Fifth Avenue

Manhattan’s luxury market through October saw 118 units enter into contract above $4 million, compared with 141 in October of last year, according to Olshan Realty’s latest luxury market report.

Last week, 28 contracts were signed, with a total asking price volume of $181.6 million. The average asking price this week was $6.5 million and the median asking price was $6.1 million. The average number of days on the market was 239.

Olshan Nov 1 2015

The top two contracts were townhouses.

The No. 1 contract was a modernist house at 32 East 74th Street, which was asking $15.9 million. With 6,500 square feet, the house is 20 feet wide and five stories, with approved plans for an additional floor. It was last purchased for $12 million in 2008, and it has been on and off the market several times since 2010, at one point asking $19.5 million. The living room is on the top floor and is accessible via an elevator.

The No. 2 contract was a townhouse at 236 West 11th Street, which was asking $11.5 million. Spanning 2,400 square feet, it’s currently configured as four apartments, but it can be expanded to 3,888 square feet. [Olshan Realty]E.B. Solomont

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