Summer sets in: 18 contracts signed at $4M-plus

Six deals were signed at 1 Great Jones Alley: Olshan Realty

TRD New York /
Jul.July 11, 2016 10:00 AM

UPDATED: July 11, 11:47 a.m.: Manhattan luxury buyers eked out 18 contracts on properties $4 million and up last week amid their July 4 celebrations and the slow summer season, according to Olshan Realty’s weekly market report.

But there is a caveat: six of the 18 contracts were signed at 1 Great Jones Alley, a 16-unit condo developed by Madison Realty Capital, which reported the contracts all at once. The condos hit the market in January, and the six units in contract had an average asking price of $2,808 per square foot. Douglas Elliman Development Marketing has been handling sales.

For the week of July 4-10, the total asking price sales volume was $123.7 million with an average asking price of $7.1 million. (The week prior, there were 24 contracts with a total asking price volume of $208.7 million.)

The No. 1 contract was an 18th-floor condo at CIM Group and Macklowe Properties’ 432 Park Avenue, which was asking $18.5 million. The 4,082-suqare-foot pad has three bedrooms, 4.5 baths and a library.

The No. 2 was a penthouse at the Astor, located at 235 West 75th Street, asking $10.6 million. The 3,438-square-foot unit has four bedrooms and 4.5 baths. [Olshan Realty] — E.B. Solomont

Correction: The number of contracts signed was 18, not 19 as originally reported, due to an error in the source material.


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...