23 contracts signed at $4M and above: Olshan

The top deal was a UWS brownstone asking $12M

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
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”
Joe Tsai with 220 Central Park South, Vlad Doronin with 730 Fifth Avenue, Paul Allen with 4 East 66th Street, Michael Stern with 111 57th Street
Here are NYC’s 10 priciest homes of 2022
Here are NYC’s 10 priciest homes of 2022
Reed and Delphine Krakoff along with 54 East 64th Street (Getty, Google Maps)
Fashion bigwig sells townhouse for $36M after two price cuts
Fashion bigwig sells townhouse for $36M after two price cuts
Ian Bruce Eichner, 45 East 22nd Street
Eichner’s Madison Square Park saga enters final act
Eichner’s Madison Square Park saga enters final act
Piofrancesco Borghetti with 15 Central Park West (Getty)
Convicted cosmetics mogul relists 15 CPW pad with another price cut
Convicted cosmetics mogul relists 15 CPW pad with another price cut
188 Nelson Street and 483 13th Street
Zero deals signed for $4M homes in Brooklyn last week
Zero deals signed for $4M homes in Brooklyn last week
944 Fifth Avenue and Central Park Tower at 217 West 57th Street
Central Park Tower condo tops Manhattan luxury contracts
Central Park Tower condo tops Manhattan luxury contracts
30 Front Street
Olympia Dumbo penthouse tops Brooklyn luxury contracts
Olympia Dumbo penthouse tops Brooklyn luxury contracts
arrow_forward_ios

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

Loading...