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

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

TRD 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

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.