25 contracts signed for $4M and up: Olshan

Number of deals inked for over $10M is down from last year

New York /
Apr.April 04, 2016 09:02 AM

UPDATED: April 4 12:26 p.m.: The first quarter of the year is over, but the Manhattan residential luxury market has yet to have a week in which more than 30 contracts signed for pads asking $4 million or more, according to Olshan Realty’s weekly luxury market report.

For the week of March 28-April 3, 25 contracts were inked, according to the report. The total asking price sales volume was $179.5 million, with an average asking price of $7.1 million. The average number of days on the market was 221 days and the average discount was four percent.

Thus far in 2016, there have been 45 contracts signed for pads $10 million and above, which is down from 73 last year, and 80 in 2014, according to the report.

The top slot this past week goes to 65A at 432 Park Avenue, asking $27.5 million. The three-bedroom, 4.5-bathroom condominium unit has 4,019 square feet and over 12-foot ceilings. Amenities at Macklowe Properties and CIM Group’s 106-unit, 1,396-foot-tall tower on Billionaires’ Row include a fitness center, a 75-foot pool, private dining, parking, a garden, and a children’s playroom.

The No. 2 contract was 16Q at the Century at 25 Central Park West, asking $8.6 million, which sold immediately. The 2,609-square-foot corner condo has three bedrooms and four bathrooms with a living room and dining room that offer views of Central Park. The unit was sold with a ground-floor staff room. [Olshan Realty]Dusica Sue Malesevic

Correction: A previous version of this post said 432 Park has 125 units, it has 106.


Related Articles

arrow_forward_ios
A unit at The Benson was the most expensive deal in Manhattan last week. (The Benson)
Manhattan luxury market sees another strong week with 36 deals
Manhattan luxury market sees another strong week with 36 deals
A two floor unit in The Benson on Madison Ave was the priciest home to go into contract last week. (The Benson)
Best week since 2019 for Manhattan luxury market
Best week since 2019 for Manhattan luxury market
70 Vestry Street and 1010 Park Avenue (Google Maps, iStock)
Tribeca condo with bumped-up asking price tops Manhattan contracts
Tribeca condo with bumped-up asking price tops Manhattan contracts
37 East 12th Street and 262 Central Park West (Google Maps, iStock)
Luxury report: Patience pays off for buyer of $20M penthouse
Luxury report: Patience pays off for buyer of $20M penthouse
The contract for the 53rd-floor unit was one of 16 signed last week for Manhattan properties asking above $4 million. (111w57)
Condo at 111 West 57th Street tops Manhattan luxury contracts
Condo at 111 West 57th Street tops Manhattan luxury contracts
109 East 79th Street and 1010 Park Avenue (Google Maps)
Upper East Side trophy property tops luxury deals — again
Upper East Side trophy property tops luxury deals — again
20 East End Avenue and 292 West 4th Street (Google Maps)
Manhattan’s luxury market has best post-Christmas week since 2006
Manhattan’s luxury market has best post-Christmas week since 2006
Henry Buhl and 114 Greene Street (Getty, Google Maps)
Soho sale by art collector Henry Buhl tops Manhattan luxury deals
Soho sale by art collector Henry Buhl tops Manhattan luxury deals
arrow_forward_ios

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

Loading...