search

The Real Deal Logo

Trending

LA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsCIM Group tries again to sell office-condo project in LA’s Hancock ParkCIM Group tries again to sell office-condo project in LA’s Hancock ParkLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aGlossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouse
Residential
New York

Luxury resi market hits sixth straight week of 20+ contracts

KUB Capital’s 150 Wooster claims top deal with $15M condo

150 Wooster Street, Shawn Katz and Roger Bittenbender
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.

Sign Up for the undefined Newsletter

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

Tags
Olshan Realty