23 contracts signed at $4M and above: Olshan

The top deal was a UWS brownstone asking $12M

TRD New York /
Oct.October 31, 2016 10:10 AM

New York City’s residential market last week saw 23 contracts signed at $4 million and above, the most since the first week of August, according to the weekly report from Olshan Realty.

A total of 17 contracts signed were for condominiums (with an average ask of $6.2 million), two were for co-ops ($5.6 million) and four were for townhouses ($7.2 million). The contracts for townhouses followed three straight weeks of no townhouse sales, according to the report.

The top contract signed was for a brownstone at 311 West 90th Street. The asking price was $12.2 million, a reduction of the original asking price of $13.9 million. The six-story townhouse spans 6,550 square feet and features five bedrooms and five bathrooms.

The No. 2 contract was for unit 16 at Naftali Group’s 221 West 77th Street. The condo, asking $10.3 million, is 3,300 square feet and has five bedrooms and four full bathrooms. According to Olshan Realty TRData LogoTINY, 16 out of 26 units at the building are in contract, with an average asking price of $2,711 per square foot, according to the report.

The average discount from original ask to final asking price during the week of Oct. 24 through Oct. 30 was 7 percent, Olshan Realty reported. The total weekly asking price sales volume was $146.9 million, and average days on market was 381.

Although the number of contracts signed represents the highest total since early August, it lags behind this time last year when 28 contracts were inked. [Olshan]Miriam Hall


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
Ghost Towers

NYC’s ghost towers: How many Manhattan luxury condos are owned by people who don’t live there?

NYC’s ghost towers: How many Manhattan luxury condos are owned by people who don’t live there?
Ashraf Pahlavi and 29 Beekman Place (Getty, Compass)

Iranian princess’ Midtown palace finally finds a buyer

Iranian princess’ Midtown palace finally finds a buyer
525 West 52nd Street (Credit: Google Maps and iStock)

Luxury apartments pivot to virtual activities

Luxury apartments pivot to virtual activities
29 Beekman Place and Princess Ashraf Pahlavi (Getty, Courtesy of Zillow)

Inside the battle for an Iranian princess’ Midtown mansion

Inside the battle for an Iranian princess’ Midtown mansion
146 West 57th Street (Credit: Google Maps)

Manhattan luxury contract signings fall to lowest level since 2009

Manhattan luxury contract signings fall to lowest level since 2009
arrow_forward_ios

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

Loading...