13 contracts signed at $4M and above: Olshan

Top contract was triplex at 154 Spring, asking $10.99M

Feb.February 22, 2016 10:30 AM

Just 13 contracts were signed at $4 million and above last week, according to Olshan Realty, which said the “tepid” number represented the lowest contract activity for this point in February since 2011.

For the week of Feb. 15-21, the total asking price sales volume was $94.5 million and the average asking price was $7.27 million. The average discount was 5 percent.

The No. 1 contract was the triplex penthouse at 154 Spring Street, a boutique condominium in Soho with just three residential units, which was asking $10.995 million — a discount from the original asking price of $12.5 million in November. The 4,131-square-foot pad has three bedrooms and 4.5 baths, plus a sunken living room, gas fireplace and 875-square-foot terrace.

The No. 2 contract was a 12-room co-op at the River House, which was asking $10.495 million. With 5,250 square feet, the apartment has four bedrooms and 5.5 baths. The unit has 62 feet of frontage overlooking the East River. [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

Vornado Realty Trust’s Steven Roth and 220 Central Park South (Credit: Roth by Bruce Glikas/FilmMagic; Jim.henderson via Wikipedia Commons)

Vornado inks another $52M closing at 220 Central Park South

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

Dennis and Karen Mehiel with 3 East 95th Street (Photo by Will Ragozzino/Patrick McMullan via Getty Images; Sotheby's)

Carhart Mansion duplex returns to market after four years