Manhattan luxury real estate market saw its best week yet this year: Olshan

26 contracts signed at $4M or more

TRD New York /
Mar.March 14, 2016 11:01 AM

The Manhattan residential luxury market saw its best week of 2016, with 26 contracts signed for pads asking $4 million or more, according to Olshan Realty’s weekly luxury market report.

For the week of Mar. 7-13, the total weekly asking price sales volume was $187.2 million with an average asking price of $7.2 million. The average number of days on the market checked in at 226 and the average discount was four percent. While this week’s 26 contracts inked has been the highest total this year, last year around this time 37 contracts were signed.

The No. 1 contract was a brownstone at 14 West 69th Street, asking $15.5 million. This 25-foot-wide building has 10,020 square feet that is divided into 15 apartments, and is being sold free and clear of tenants.

The No. 2 contract was Penthouse 1 at the Toll Brothers City Living’s 959 First Avenue, known as the Sutton. The four-bedroom, 4.5-bathroom triplex has 3,503 square feet and terraces totaling 1,770 square feet with an asking price of $11.8 million. Both the master suite on the second floor and a family room on the top floor features a 31-foot terrace. The terrace on the upper level also has a swimming pool. The 113-unit, 29-story condominium building also has a fitness center, garden, children’s playroom and storage rooms. [Olshan Realty]Dusica Sue Malesevic


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”

993 Fifth Avenue and Gilbert Harrison (Credit: Google Maps and GLC)

Retail exec sells Fifth Avenue co-op to Chanel heir for $19M

Clockwise from left: 240 Riverside Boulevar with  Charles Zegar, 111 Murray Street, and 220 Central Park South (Credit: Google Maps, Getty Images, and CityRealty)

Here are some of the Big Apple’s recent luxury resi buys

Clockwise from left: 91 Leonard Street, 141 West 11th Street, 520 Park Avenue and 115 Central Park West (Credit: StreetEasy, Google Maps)

These are the latest, greatest residential sales in NYC

565 Broome Street (Credit: iStock and 565 Broome Street)

Only in Manhattan? Luxury condo owner files “class action” because unit doesn’t have a wine cooler

From left: 220 Park Avenue South, 15 Central Park West, 520 Park Avenue, 35 Hudson Yards, Sting, Juan Beckmann Vidal, Daniel Och, Bob Diamond, and Stephen Ross (Credit: Getty Images, Wikipedia, StreeEasy, and Google Maps)

Serial buyers trade “old” condos for new on Billionaires’ Row

Former Bear Stearns CEO Jimmy Cayne and 510 Park Avenue (Credit: Getty Images and Google Maps)

Ex-Bear Stearns CEO James Cayne demands co-op records after board rejects 3 buyers

Kelly Killoren Bensimon went from modeling to “The Real Housewives.” Now she’s taking a crack at real estate.

arrow_forward_ios