17 contracts signed at $4M and up: Olshan report

Labor Day and Rosh Hashanah holidays keep brakes on sales

New York /
Sep.September 14, 2015 10:30 AM

The high holidays meant low sales volume for the Manhattan luxury market, with only 17 new contracts signed in the last week for properties costing $4 million and above, according to Olshan Realty.

Total asking price volume was $147.9 million, a bump from last week’s figure of $114 million on 16 new contracts. The median asking price was $6.6 million. The average discount on luxury units sold this week was 7 percent, with average days spent on the market at 343.

 

The top contract was for apartment F at 1110 Park Avenue, asking $19.25 million. The five-bedroom 5,700-square-foot duplex is located on the eighth and ninth floors of the Toll Brothers’s new condo building at the site. The Park Avenue-facing unit has four of its five bedrooms downstairs and features a kitchen designed by Christopher Peacock.

The second-largest contract was unit 10 at the Robert A.M. Stern-designed 18 Gramercy Park South, whose owner asked $18.2 million, up from $17.8 million when it first listed in June 2013. The condo, has 4,207 square feet, 4 bedrooms, and 5.5 baths, along with myriad high-end amenities, including a key to Gramercy Park. The Zeckendorf Development building was named New York’s Best New Condominium Development in 2013. [Olshan Realty]Ariel Stulberg


Related Articles

arrow_forward_ios
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Wyoming ranch with ties to Walt Disney hits market for $71M
Wyoming ranch with ties to Walt Disney hits market for $71M
Wyoming ranch with ties to Walt Disney hits market for $71M
Seattle Hotel Group's Bruce McCaw and property at Hunts Point, Washington (Getty, Windermere Real Estate)
Bruce McCaw’s Northwest estate hits the market at record-setting price
Bruce McCaw’s Northwest estate hits the market at record-setting price
Extell's Gary Barnett and 217 West 57th Street (Barnet by Paul Dilakian, Itrytohelp32, CC BY-SA 4.0, via Wikimedia Commons)
Barnett: Central Park Tower will fall short of $4B sellout
Barnett: Central Park Tower will fall short of $4B sellout
From left: Extell's Gary Barnett and JDS Development’s Michael Stern along with One Manhattan Square, The Narrows, and 111 West 57th Street (Extell, JDS Development, Getty Images, The Narrows Condo)
New development sales plummeted 30% in July
New development sales plummeted 30% in July
Zillow's Rich Barton, Allen Parker (Zillow Group, Getty)
Zillow brushes off Citysnap threat, says agent advertising will fall
Zillow brushes off Citysnap threat, says agent advertising will fall
Douglas Elliman Chairman and CEO Howard Lorber (Getty Images)
Sell, sell, sell: Lack of listings dampens Elliman earnings
Sell, sell, sell: Lack of listings dampens Elliman earnings
Zillow's Rich Barton and Opendoor's Eric Wu (Zillow Group, LinikedIn, Getty)
After iBuying debacle, Zillow partners with Opendoor
After iBuying debacle, Zillow partners with Opendoor
arrow_forward_ios

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

Loading...