Only 21 contracts above $4M were signed last week: Olshan

Priciest contract was Christian Candy’s triplex at the Plaza

TRD New York /
Jun.June 19, 2017 09:42 AM

From top: 1 Central Park South, PH 2009 and 21 East 12th Street, Apt. TH3B

It seems that summer’s settling in on Manhattan’s luxury market, where contracts above $4 million dipped to 21 last week, according to the latest report from Olshan Realty TRData LogoTINY.

For the week of June 12 through 18, the number of contracts dropped from 26 a week prior. It’s the second consecutive week with fewer than 30 contracts signed, the first time in over a month.

The total asking price sales volume last week was $177.7 million, which was up from $118.3 million during the same time last year. The week’s average asking price was $8.8 million with an average discount of 13 percent.

The priciest pad to enter contract was British developer Christian Candy’s penthouse at The Plaza, which was asking $39.75 million — a discount from the original asking price of $59 million. Candy paid $25.9 million for the triplex, which he sold furnished.

The No. 2 contract was a combination of two townhouse units at Billy Macklowe’s 21 East 12th Street. The units, on the third and fourth floors, were asking $23.5 million. The units combine to span 6,617 square feet along with a 6,400-square-foot garden. [Olshan]E.B. Solomont

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