Contracts inked for $4M and up dip to 18: Olshan

This is the lowest total for the same time period since 2012

New York /
Apr.April 11, 2016 10:41 AM

Contracts inked for pads asking $4 million or more tallied just 18 last week, according to Olshan Realty’s weekly luxury market report. It’s the lowest amount of contracts signed during this week since 2012, when 19 contracts were signed.

The lowest weekly total so far this year, was 13 for the week of Feb. 15-21.

For the week of April 4-10, the total asking price was down to $116 million, with an average asking price of $6.4 million. The average number of days on the market checked in at 238 days and the average discount was six percent.

The No.1 contract was a townhouse at 152 West 13th Street, asking $15 million. This five-story, 20-foot-wide red brick house was purchased for $5.9 million in January 2014, and then gut renovated, according to the report. The West Village pad has 5,634 square feet including four bedrooms, five bathrooms, an elevator, a garden, and a roof deck.

The No. 2 contract was Unit 6 at 17 East 12th Street, asking almost $10 million, reduced from $14.5 million when it hit the market in June 2015. The 4,514-square-foot unit has four bedrooms, five bathrooms, two fireplaces and 11-foot ceiling heights. Rigby Asset Management developed the nine-unit, 11-story 17 East 12th Street — a site that once housed a 50,000-square-foot parking facility. [Olshan Realty]Dusica Sue Malesevic


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales
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”
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
Here are the week’s top luxury sales
Extell president Gary Barnett, 510 East 14th Street and RXR Realty CEO Scott Rechler (Getty, EVGB)
Extell sells stake in Manhattan rentals to RXR Realty
Extell sells stake in Manhattan rentals to RXR Realty
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
(iStock/Photo Illustration by Kevin Rebong for The Real Deal)
Signed contracts spike in Manhattan and Brooklyn in January
Signed contracts spike in Manhattan and Brooklyn in January
Meredith Bluhm-Wolf and 520 Park Ave. (Getty, 520 Park)
Daughter of casino magnate Neil Bluhm buys $20M condo
Daughter of casino magnate Neil Bluhm buys $20M condo
arrow_forward_ios

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

Loading...