35 contracts signed for $4M or more in second week of July

Trump Park Avenue unit went for $25 million after lingering on the market for 12 years

TRD New York /
Jul.July 20, 2015 08:00 AM

Those lazy days of summer are not slowing down Manhattan’s luxury market. The second week of July saw 35 contracts — 31 condos and four co-ops — signed for $4 million or more.

The biggest transaction was a penthouse unit at 502 Park Avenue for $25 million, according to the latest Olshan Realty luxury market report. This unit — a sponsor apartment at the Trump Park Avenue — had been on the market for 12 years. Asking prices have ranged from $17.5 million to $35 million over the years. The five-bedroom, 7.5-bathroom unit spans almost 6,200 square feet.

The second biggest contract of the week was the 16th floor at 25 North Moore Street for $16 million. The apartment first hit the market for $22.5 million in April 2014. The condominium includes 4 bedrooms, 5.5 bathrooms, a media room, a playroom and an office. The unit last traded hands in 2004 for $6.5 million. [Olshan Realty] — Claire Moses


Related Articles

arrow_forward_ios
27 East 79th Street and 43 West 13th Street (Credit: 27E79, Google Maps)

“Lonely lotto winners”: Luxury contracts fall again in Manhattan

“Lonely lotto winners”: Luxury contracts fall again in Manhattan
326 West 87th Street and 30 Park Place (Credit: Google Maps)

Luxury home contracts reach highest levels since shutdown

Luxury home contracts reach highest levels since shutdown
146 West 57th Street (Credit: Google Maps)

Manhattan luxury contract signings fall to lowest level since 2009

Manhattan luxury contract signings fall to lowest level since 2009
102 Prince Street and Jho Low (Credit: Modlin Group; Low by Michael Loccisano/Getty Images for New York Times)

Jho Low’s former condo among five luxury contracts signed in Manhattan

Jho Low’s former condo among five luxury contracts signed in Manhattan
301 East 80th Street and the penthouse at 112 Franklin Street (Credit: Beckford Tower and Atelier)

The highs and lows (mostly lows) of luxury-market dealmaking

The highs and lows (mostly lows) of luxury-market dealmaking
108 Leonard Street (Credit: Google Maps, 108 Leonard)

Manhattan luxury contracts down 90% from last year

Manhattan luxury contracts down 90% from last year
56 Leonard Street and 146 West 57th Street (Credit: Fruitpunchline via Wikipedia; Google Maps)

For second week, Manhattan records just two luxury contracts

For second week, Manhattan records just two luxury contracts
Townhouse at 40 Gramercy Park North (Credit: Compass)

More luxury contracts were signed last week than you might expect

More luxury contracts were signed last week than you might expect
arrow_forward_ios

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

Loading...