The Real Deal New York

13 contracts signed at $4M and above: Olshan

Top contract was triplex at 154 Spring, asking $10.99M

February 22, 2016 10:30AM

154Spring

Clockwise from top left: 154 Spring Street, River House, 40 Mercer Street and 300 Central Park West

Just 13 contracts were signed at $4 million and above last week, according to Olshan Realty, which said the “tepid” number represented the lowest contract activity for this point in February since 2011.

For the week of Feb. 15-21, the total asking price sales volume was $94.5 million and the average asking price was $7.27 million. The average discount was 5 percent.

The No. 1 contract was the triplex penthouse at 154 Spring Street, a boutique condominium in Soho with just three residential units, which was asking $10.995 million — a discount from the original asking price of $12.5 million in November. The 4,131-square-foot pad has three bedrooms and 4.5 baths, plus a sunken living room, gas fireplace and 875-square-foot terrace.

The No. 2 contract was a 12-room co-op at the River House, which was asking $10.495 million. With 5,250 square feet, the apartment has four bedrooms and 5.5 baths. The unit has 62 feet of frontage overlooking the East River. [Olshan Realty] — E.B. Solomont

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