32 contracts for $4M or more signed in first week of March

Penthouse for $50 million at 551 West 21st Street was biggest deal

New York /
Mar.March 09, 2015 09:35 AM

The first week of March saw 32 contracts signed for $4 million or more, 11 of which exceeded $10 million, according to the latest Olshan Realty luxury market report.

Buyers signed contracts for 24 condos, five co-ops and three townhouses last week. The most expensive contract was a condo at Scott Resnick’s 551 West 21st Street for $50 million. The duplex condo spans nearly 6,400 square feet, includes three bedrooms and three-and-a-half bathrooms. The unit comes with 4,579 square feet of private outdoor space. The cherry on top at this penthouse unit is a 61-foot-long, outdoor swimming pool that overlooks the Hudson River.

A $38 million contract for the 15th floor of 778 Park Avenue came in second last week. The co-op includes a library, three bedrooms and four-and-a-half bathrooms. The new residents will be able to light three wood-burning fireplaces and step out onto three separate terraces.The unit also includes a library and a separate dining room.

According to Olshan Realty, last month was the strongest February ever, with a total of 114 contracts signed in that price range. [Olshan Realty] — Claire Moses 


Related Articles

arrow_forward_ios
Two penthouse apartments were sold at 150 East 78th Street with the intent of combining them (Compass)
Double penthouse asking $33M is priciest listing snapped up
Double penthouse asking $33M is priciest listing snapped up
Manhattan luxury contracts surge to 6-month high in first week of October
Manhattan luxury contracts surge to 6-month high in first week of October
Manhattan luxury contracts surge to 6-month high in first week of October
Demand could be cooling in Manhattan luxury market’s banner year
Demand could be cooling in Manhattan luxury market’s banner year
Demand could be cooling in Manhattan luxury market’s banner year
Unit 55 at 111 West 57th Street (Douglas Elliman)
Manhattan breaks luxury sales record with 3 months still to go
Manhattan breaks luxury sales record with 3 months still to go
Manhattan luxury market rebounds from late-summer slump with 31 condo sales
Manhattan luxury market rebounds from late-summer slump with 38 sales
Manhattan luxury market rebounds from late-summer slump with 38 sales
34 East 62nd Street (Google Maps)
Deal at site of UES explosion helps Manhattan set luxury contract record
Deal at site of UES explosion helps Manhattan set luxury contract record
293 Lafayette Street with Joshua Kushner and Karlie Kloss (Kushner, Getty)
Kushner-Kloss condo leads luxury market’s busiest late-August week since 2006
Kushner-Kloss condo leads luxury market’s busiest late-August week since 2006
30 Grove Street and 79 Horatio Street (Isaacs Ganz Real Estate, Sotheby's)
West Village deals bring Manhattan close to annual townhouse sales record
West Village deals bring Manhattan close to annual townhouse sales record
arrow_forward_ios

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

Loading...