The Real Deal New York

15 contracts signed at $4M and above last week: Olshan

There’s been fewer than 20 luxury contracts each week for more than 2 months now
August 28, 2017 10:00AM

The number of contracts signed for luxury pads continued to drag last week, with just 15 contracts signed on homes in Manhattan’s over-$4 million market.

The total asking price sales volume was $100 million, according to the weekly report from Olshan Realty.

Of the 15 contracts, 12 were for condominiums (with an average asking price of $6.8 million) and three were for co-ops ($5.9 million). There were no contracts for luxury townhouses last week, according to the report.

The top contract was for South 12A at Ian Schrager’s 160 Leroy Street, priced at $16.2 million. The home has four bedrooms and four-and-half bathrooms across 3,808 square feet, and features 12.6-foot ceilings, according to the listing. The apartment was first listed for $16 million back in January.

The no. 2 contract was on makeup guru Laura Mercier’s apartment at 212 West 18th Street, last asking $11.2 million. The two-bedroom spans 2,168 square feet and building amenities at Walker Tower include a 24-hour doorman, playroom, gym and roof deck. The home went under contract after 35 days on the market, according to Olshan.

The median asking price was $5.5 million. The average discount from original ask to last asking price was 4 percent. The average days on market was 402. [Olshan]Miriam Hall