Luxury townhouse sales tie weekly record: report

Seven townhouses sold for $4M and up between Jan. 5-11, according to Olshan Realty

New York /
Jan.January 12, 2015 09:54 AM

Townhouse sales took off last week, according to Olshan Realty’s weekly luxury market report. Seven townhouses priced at $4 million and up went into contract during the week ending Jan. 11, tying the weekly record, the firm reported today. “Townhouses comprise a sector of the market where buyers often find a big bang for the buck,” the report said. In all, 23 contracts were signed on properties $4 million and up. The week’s top contract was a duplex penthouse at 770 Park Avenue asking $19.95 million.

The No. 2 contract for the week was a townhouse at 271 West 10th Street that was asking $17.25 million. Even with a $250,000 price cut from July, that’s head and shoulders above the $5.5 million the owners paid in January 2013. The 27-foot carriage house, which measures 7,657 square feet, has not been renovated; but it was sold with approved plans designed with a single-gar garage and at least four bedrooms. Developer Alf Naman sold the property. [Olshan Realty] – E.B. Solomont


Related Articles

arrow_forward_ios
The 17 Jane Street duplex condo (Compass)
Manhattan luxury market logs best Thanksgiving week ever
Manhattan luxury market logs best Thanksgiving week ever
9 East 68th Street, 22 East 67th Street (elliman.com, streeteasy.com)
Manhattan luxury market breaks single-week record for contract signings
Manhattan luxury market breaks single-week record for contract signings
Sterling Equities Chairman Fred Wilpon and 334 West 20th Street (Getty, Compass)
Sterling Equities’ $22M Chelsea townhouse sale claims neighborhood record
Sterling Equities’ $22M Chelsea townhouse sale claims neighborhood record
Year-high 60 Manhattan luxury contracts signed as travel ban lifts
Year-high 60 Manhattan luxury contracts signed as travel ban lifts
Year-high 60 Manhattan luxury contracts signed as travel ban lifts
Led by $67M deal at Naftali’s Bellemont, buyers flock to pricey UES condos
Led by $67M deal at Naftali’s Bellemont, buyers flock to pricey UES condos
Led by $67M deal at Naftali’s Bellemont, buyers flock to pricey UES condos
Chipotle founder Steve Ells with 27 East 11th Street (Getty, BHS)
Chipotle founder wraps up $30M West Village crash pad
Chipotle founder wraps up $30M West Village crash pad
Fueled by 20% discounts, sales of Manhattan luxury co-ops heat up
Fueled by 20% discounts, sales of Manhattan luxury co-ops heat up
Fueled by 20% discounts, sales of Manhattan luxury co-ops heat up
Manhattan luxury market logs biggest week since 2013
Manhattan luxury market logs biggest week since 2013
Manhattan luxury market logs biggest week since 2013
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...