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

New York /
Aug.August 28, 2017 10:00 AM

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


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales

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”

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

Here are the week’s top luxury sales
(iStock)

Mortgage requests surge ahead of Thanksgiving

Mortgage requests surge ahead of Thanksgiving
Vanke US managing director Kai-yan Lee, RFR’s Aby Rosen and 100 East 53rd Street (Photos via Foster + Partners and Getty)

Vanke seeks to remove RFR from Midtown condo project

Vanke seeks to remove RFR from Midtown condo project
Hippo founders Assaf Wand and Eyal Navon (LinkedIn)

Home insurance startup Hippo raises $350M

Home insurance startup Hippo raises $350M
Prices increased 6.6 percent year-over-year in September (iStock)

US home prices surged 6.6% in September

US home prices surged 6.6% in September
From left: Edison Properties CEO Robert Selsam, Ironstate Development's Michael Barry, Stellar Management founder Larry Gluck (LinkedIn; Gluck Family Foundation)

These developers could benefit the most from Soho’s rezoning

These developers could benefit the most from Soho’s rezoning
arrow_forward_ios

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

Loading...