25 contracts signed for $4M and up: Olshan

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

TRD 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
12 East 81st Street and 145 Central Park West

There were 20 deals last week in Manhattan’s luxury market: Olshan

There were 23 deals (again) last week in Manhattan’s luxury market: Olshan

212 Fifth Avenue and 134 East 74th Street 

There were 27 deals last week in Manhattan’s luxury market: Olshan

432 Park Avenue and 71 Laight Street (Credit: Getty Images)

There were 23 deals last week in Manhattan’s luxury market: Olshan

45 East 22nd Street and 215 East 61st Street

There were 25 deals last week in Manhattan’s luxury market: Olshan

There were 25 deals last week in Manhattan’s luxury market: Olshan

Manhattan’s luxury market saw uptick in contracts, dollar volume last week: Olshan

Developers only sold 3 luxury apartments in Manhattan last week

arrow_forward_ios