15 contracts signed at $4M and above: Olshan

Luxe homes averaged 347 days on market

TRD New York /
Jan.January 11, 2016 10:00 AM

Manhattan buyers signed 15 contracts on properties $4 million and up last week, according to Olshan Realty’s weekly luxury market report. But on average, the pricey pads spent nearly a year – 347 days, to be exact – on the market.

The week’s total asking price sales volume was $125.6 million, with an average asking price of $8.4 million. The average discount was nine percent.

The No. 1 contract was a penthouse at Trump Park Avenue at 502 Park Avenue, asking $16.8 million. Measuring nearly 4,200 square feet, the condo has four bedrooms, six bathrooms and a 69-foot library facing Park Avenue. The prior owner paid $7.7 million in 2010.

Coming in at No. 2 was Unit 5 at the Tadao Ando-designed condominium at 152 Elizabeth Street. The 4,094-square-foot unit, which was asking $15.2 million, is one of seven units in the glass-and-concrete development. [Olshan Realty]E.B. Solomont


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
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”
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
520 West 28th Street (Wikipedia)

Related asked $50M for this penthouse. It went into contract for $25M

Related asked $50M for this penthouse. It went into contract for $25M
209 Dean Street and 315 Adelphi Street (Google Maps)

Sprawling Brooklyn townhouses drive week’s priciest deals

Sprawling Brooklyn townhouses drive week’s priciest deals
Andre Balazs  and 158 Mercer Street (Getty; Google Maps)

André Balazs lists lavish Soho condo for $12M

André Balazs lists lavish Soho condo for $12M
220 Central Park South and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo sells for $61.6M

Another 220 Central Park South condo sells for $61.6M
301 East 80th Street and 27 East 79th Street

Manhattan records 10 luxury deals in week after Labor Day

Manhattan records 10 luxury deals in week after Labor Day
arrow_forward_ios

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

Loading...