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

Most expensive deal of the week was a $23 million unit at 50 UN Plaza

New York /
May.May 11, 2015 09:30 AM

The first full week of May saw 32 contracts signed for $4 million or more in Manhattan, according to the latest Olshan Realty luxury market report.

The biggest contract of the week was a $23.3 million penthouse on the 36th floor of Zeckendorf Development and Global Holdings’ 50 UN Plaza. The unit spans nearly 5,900 square feet and includes five bedrooms, 6.5 bathrooms and two staff rooms. Owners of the pad will be able to enjoy a swimming pool, a gym, valet parking and conference facilities in the building.

The 43-story, 88-unit tower at East 43rd Street and First Avenue broke neighborhood records when it opened in 2013 with a $70 million duplex penthouse listing.

A 14th-floor unit at Steven Witkoff’s 10 Madison Square West was the week’s second largest contract. The corner unit includes four bedrooms, 4.5 bathrooms and spans approximately 3,300 square feet. It’s the last available apartment that sold in the 125-unit building. The price comes out to $4,231 per square foot, which is a 61 percent increase over the original price in the 2013 offering plan.

Last month, a combined penthouse in the building entered contract for $35 million.  [Olshan Realty] — Claire Moses


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