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


Related Articles

arrow_forward_ios
Louis Buckworth with 520 Park Ave
520 Park Avenue unit sells for $22M in rare resale
520 Park Avenue unit sells for $22M in rare resale
50 East 30th Street (Getty)
Tribeca triplex tops Manhattan luxury contracts
Tribeca triplex tops Manhattan luxury contracts
A photo illustration of 812 Park Avenue and 235 West 71st Street (Getty, Google Maps, Compass Real Estate)
Manhattan luxury market rings in the new year with a whimper
Manhattan luxury market rings in the new year with a whimper
1040 Fifth Avenue, 252 West 12th Street and 35 Hudson Yards (Godsfriendchuck, CC BY-SA 4.0, via Wikimedia Commons, Compass, SOM)
Manhattan’s luxury contracts hit Christmas week peak
Manhattan’s luxury contracts hit Christmas week peak
4 east 66th street, 432 Park Avenue, 220 Central Park South and 730 Fifth Avenue (Google Maps, 432 Park Avenue, Epicgenius CC BY-SA 4.0 via Wikimedia Commons, elPadawan CC BY-SA 2.0 via Wikimedia Commons)
Manhattan luxury market took terrible turn in 2022
Manhattan luxury market took terrible turn in 2022
From left: 605 Park Avenue and 100 Barclay Street (Getty, LoopNet, Brown Harris Stevens)
Lenox Hill, Tribeca penthouses top Manhattan luxury market
Lenox Hill, Tribeca penthouses top Manhattan luxury market
276 West 11th Street (StreetEasy, Getty)
West Village townhouse tops Manhattan luxury market
West Village townhouse tops Manhattan luxury market
50 West 66th Street and the One57 building at 157 West 57th Street (Extell Development, One57)
Extell properties top Manhattan’s luxury contracts
Extell properties top Manhattan’s luxury contracts
arrow_forward_ios

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

Loading...