Macklowe’s 737 Park notches priciest luxury contract of the week

October recorded another solid week of pricey home deals

TRD New York /
Oct.October 30, 2017 09:30 AM

From left: 737 Park Avenue, Harry Macklowe, Seth Meyers and 302 West 12th Street

Macklowe Properties’ 737 Park Avenue recorded the priciest luxury contract during a week of solid sales, according to Olshan Realty’s luxury market report.

Unit 17E at the Upper East Side condo conversion – the building where the developer Harry Macklowe reportedly kept his fiancée for two years – had an asking price of $13.6 million. The four-bedroom, five-bath apartment spans 3,819 square feet.

Earlier this year, Macklowe put a sponsor unit at the building into contract at $25 million. Earlier this month, he took the stand in a messy divorce trial with his wife of 57 years, Linda.

There were 23 contracts signed last week at $4 million and above, the fourth-straight week of favorable sales figures following a third quarter when only one week saw more than 20 contracts signed.

The second-priciest contract of the week was a resale at 320 West 12th Street, which was asking $12 million. The 3,263-square-foot apartment, which sold within three weeks of listing, last traded in 2013 for $8.9 million.

Nearby, NBC late night host Seth Meyers inked a contract to sell his prewar, two-bed condo at 302 West 12th Street with an asking price of $4.5 million. Meyers paid $3.5 million for the apartment in late 2013.

The average median asking price for luxury units stood at $5.4 million for the week, with an average discount of 6 percent from the original ask to the last asking price. Luxury units spent an average of 377 days on the market. [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”

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

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