The Real Deal New York

30 contracts signed for $4M or more in fourth week of June

First six months of 2015 saw 751 deals at that price point, up 49 from a year ago
June 29, 2015 08:03AM

The last week of June saw 30 contracts signed for $4 million or more. The biggest two deals of the week were both townhouses.

The biggest deal was a house at 42 West 71st Street for $19.95 million. The original asking price had been $23.5 million in October 2013. The brownstone spans 8.560 square feet, has five bedrooms, seven bathrooms, two powder rooms and an elevator. The home — which was renovated — also comes with a private terrace and a garden.

Last week’s second biggest contract was 340 West 12th Street for $14 million. The house had been on the market since April 2014. It was originally listed for $27 million. The four-story property includes a carriage house in its backyard. The home last traded hands in 2011 for $11 million.

The last week of June also capped off a strong first half of the year for the luxury market. The first six months of 2015 saw 751 contracts signed for $4 million or more, according to the Olshan Realty luxury report, 49 more than during the same period last year.

In total, $6.1 billion in contracts were signed during the first half of the year, compared to 2014’s $5.8 billion. [Olshan Realty] — Claire Moses