The Real Deal New York

Luxury resi market hits sixth straight week of 20+ contracts

KUB Capital’s 150 Wooster claims top deal with $15M condo
November 13, 2017 09:30AM

150 Wooster Street, Shawn Katz and Roger Bittenbender

A $15 million contract at KUB Capital’s 150 Wooster Street led the luxury market to its sixth-straight week of 20 or more contracts at $4 million and above, according to Olshan Realty’s weekly luxury market report.

There were 25 luxury contracts signed last week, half of which were in new construction, according to Olshan.

The 4,271-square-foot, four bedroom Loft 6 unit at KUB’s $105 million project had an asking price of $14.85 million. KUB in August received approval from the New York State Attorney General’s office to launch sales at the boutique, six-unit development.

The No. 2 contract went to a condo covering four floors at the 25-foot-wide townhouse at 20 East 65th Street. Unit 1 had an asking price of $14.25 million, nearly 20 percent off the $17.5 million it was asking when it hit the market in February.

The week’s average asking price was $7.73 million, with an 8 percent discount from original ask. Luxury homes spent an average of 554 days on the market. [Olshan] – Rich Bockmann