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

From top left: 160 Leroy Street and 212 West 18th Street

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