24 contracts signed at $4M-plus: Olshan

No. 1 contract was $17.5M PH at 25 Mercer

TRD New York /
Jun.June 06, 2016 10:33 AM

Luxury buyers inked contracts at 24 pads priced at $4 million and up, according to Olshan Realty’s weekly residential market report.

The dip, attributable to Memorial Day, resulted in a total weekly asking price sales volume of $154.56 million. For the week beginning May 30, the average asking price was $6.4 million. The average discount was 5 percent.

The top contract was at 25 Mercer Street, a penthouse asking $17.5 million. The triplex, measuring 4,584 square feet, includes two terraces with another 2,600 square feet. The five-unit boutique building, being developed by Michael Kirchmann’s GDS Development launched sales in April.

The No. 2 contract was a condo at 252 East 57th Street, asking $11.4 million down from $13.4 million when it hit the market in March 2015. Developed by World Wide Group and Rose Associates, the unit has 3,331 square feet, with a 39-foot living room with balcony. [Olshan Realty] – E.B. Solomont


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
19 Strong Place and 161 Warren Street (Google Maps, iStock)

Brooklyn’s luxury market has best week since before the pandemic

Brooklyn’s luxury market has best week since before the pandemic
14 East 11th Street and 21 East 61st Street (StreetEasy)

“Bidding war”: $28M townhouse tops luxury deals in Manhattan

“Bidding war”: $28M townhouse tops luxury deals in Manhattan
217 West 57th Street with Extell Developement's Gary Barnett and Corcoran's Pamela Liebman (Photos via Extell; Barnett via Anuja Shakya)

Extell brings on Corcoran Sunshine to help market Central Park Tower

Extell brings on Corcoran Sunshine to help market Central Park Tower
24 Leonard Street Unit 2 and 443 Greenwich Street Unit 2G (Douglas Elliman, Compass, Google Maps)

‘Incredibly quick’: $19M Manhattan condo deal done in a weekend

‘Incredibly quick’: $19M Manhattan condo deal done in a weekend
1 Prospect Park West and 557 9th Street in Park Slope (StreetEasy; Google Maps)

Park Slope homes lead Brooklyn’s luxury deals this week

Park Slope homes lead Brooklyn’s luxury deals this week
arrow_forward_ios

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

Loading...