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

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”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

993 Fifth Avenue and Gilbert Harrison (Credit: Google Maps and GLC)

Retail exec sells Fifth Avenue co-op to Chanel heir for $19M

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

Clockwise from left: 240 Riverside Boulevar with  Charles Zegar, 111 Murray Street, and 220 Central Park South (Credit: Google Maps, Getty Images, and CityRealty)

Here are some of the Big Apple’s recent luxury resi buys

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest