Only two luxe contracts signed above $10M last week: Olshan

Unit at 15 CPW asking nearly $15M took the top spot

TRD New York /
May.May 01, 2017 09:35 AM

15 Central Park West and 101 West 78th Street

The $4 million-to-$6 million range of New York City’s luxury residential market had a strong week, though the higher end of the spectrum continued to sputter.

There were 27 contracts signed last week at $4 million and above, according to the weekly report from Olshan Realty, only two of which were asking more than $10 million.

The priciest contract was a two-bedroom, 2,532-square-foot condominium at 15 Central Park West, which was asking $14.8 million. Apartment 3C last sold for $6 million in 2008, and was asking $19 million when it hit the market in August 2015.

The No. 2 contract was a duplex asking $10.8 million at 101 West 78th Street, which GTIS Partners is converting into condos.

Condos accounted for 19 of those contracts, and Downtown grabbed the largest slice of that pie with eight contracts inked. The average asking price for all contracts on luxury condos was $6.8 million.

Luxury contracts had an average asking price of $6.6 million – an average of a 6 percent discount from the original ask – and spent 323 days on the market, according to Olshan. [Olshan]Rich Bockmann


Related Articles

arrow_forward_ios
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”

Here are the week’s top luxury sales

Here are the week’s top luxury sales

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

56 Leonard Street (Credit: iStock)

He invested more than $130M into 4 Manhattan condos. Now he’s taking a hit

Due to relatively high income levels and low transportation costs, New York City is the eight most affordable of 20 major cities (Credit: iStock)

NYC is the 8th most affordable big city in America*

53 West 53rd Street, 885 Park Avenue, 70 West 45th Street (Credit: StreetEasy)

Five priciest homes to hit the market last week all over $22M

118 East 76th Street and Developer Joseph Chetrit (Credit: Google Maps and Getty Images)

Manhattan luxury home market off to worst start in seven years

arrow_forward_ios
Loading...