15 contracts signed at $4M and above: Olshan

Luxe homes averaged 347 days on market

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

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”

Here are the week’s top luxury sales

Here are the week’s top luxury sales

(Credit: iStock)

Strong quarter for Manhattan home sales belies current struggle

Chrissy Teigen and John Legend with 374 Broome Street (Credit: Karwai Tang/Getty Images; Google Maps)

John Legend, Chrissy Teigen snap up another Nolita penthouse

Marc Jacobs with 68 Bethune Street (Credit: Jacobs by Randy Brooke/WireImage; Townhouse by Nest Seekers via StreetEasy)

Marc Jacobs gets what he paid for West Village pad: $10.5M

The Gretsch at 60 Broadway in Williamsburg. (Credit: Douglas Elliman via StreetEasy)

Williamsburg pad hits market for almost $9M

Townhouse at 40 Gramercy Park North (Credit: Compass)

More luxury contracts were signed last week than you might expect