The Real Deal New York

20 contracts signed at $4M and up: Olshan

Top deal was again at Extell's One57

October 03, 2016 09:24AM



The city’s residential market last week saw 20 contracts signed at $4 million and above for the first time in two months.

A baker’s dozen of those contracts were inked for condos (with an average ask of $7.48 million), five co-ops ($6.35 million) and two townhouses ($8.65 million), according to the weekly report by Olshan Realty.

Unit 65B at One 57 (Click to enlarge)

Unit 65B at One57 (Click to enlarge)

For the second time in the last four weeks, the top contract was signed at Extell Development’s TRData LogoTINY One57. This time around it was unit 65B, a 4,193-square-foot apartment that had an ask of $28.3 million.

The No. 2 contract was a townhouse at 153 West 82nd Street. The 17-foot-wide, 4,200-square-foot townhouse had an ask of $9.85 million, reduced from $10.23 million when it hit the market in March.

Overall, the average discount from original ask to final asking price during the week of Sept. 26 through Oct. 2 was 4 percent. The total weekly asking price sales volume was $147.85 million, and average days on the market stood at 275.

Manhattan residential sales in the third quarter were down 15.3 percent year-over-year, the Wall Street Journal reported Monday. [Olshan Realty] – Rich Bockmann