February sets record with 116 contracts signed for $4M or more

30 contracts signed in fourth week of February

TRD NEW YORK /
Mar.March 02, 2015 08:35 AM

Last month was the coldest February in New York in 81 years. This, however, wasn’t the city’s only notable record. February also saw a record-setting amount of contracts signed for $4 million or more.

In the last week of February, 30 contracts were signed at that price point, according to the latest Olshan Realty luxury report. This adds up to a total of 116 contracts for $4 million or more, a 23 percent increase since last year. The total sales volume was up 16 percent to $978 million, compared to February last year.

January saw a total of 98 contracts signed for $4 million and above.

A penthouse at Rudin Management and Global Holdings’ Greenwich Lane at 160 West 12th Street for $33 million was last week’s biggest contract. The more than 5,000-square-foot triplex penthouse includes four bedrooms, four-and-a-half bathrooms and a total of more than 3,700 square feet of outdoor space. Greenwich Lane — which is comprised of five buildings and five townhouses and won’t be done for about a year — is 77 percent sold out, according to the report.

Two multifamily townhouses at 55-57 West 88th Street for $22.5 million were the week’s second biggest contract. The townhouses, which include a total of 14,230 square feet and 12 free-market rental units, hit the market in 2013 for $26 million. [Olshan Realty] — Claire Moses

 

Related Articles

arrow_forward_ios
Townhouse at 40 Gramercy Park North (Credit: Compass)

More luxury contracts were signed last week than you might expect

155 East 79th Street (Credit: Sotheby's)

Luxury contract signings steady as coronavirus intensifies in NYC

Woolworth Tower Residences, unit 31A (Credit: courtesy of Alchemy Properties)

Manhattan luxury market records strong week of contracts despite coronavirus concerns

Marc Jacobs and 68 Bethune Street (Credit: Jamie McCarthy/Getty Images, Serhant Team via Nest Seekers) 

Coronavirus chaos didn’t dampen luxury contract signings last week

45 East 22nd Street

Priciest contract of 2020 is outlier in slumping luxury market

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

From left: 116 Sullivan Street, 109 Bank Street and 158 East 81st Street

Manhattan’s luxury market sees most contracts signed since November

The penthouse at 15 Union Square West and 121 East 22nd Street (Credit: StreetEasy)

Luxury market checks off another disappointing week of sales

arrow_forward_ios
Loading...