Luxury market records 29 contracts following Thanksgiving slump: Olshan

UWS brownstone asking $16M takes the top spot

TRD New York /
Dec.December 04, 2017 09:30 AM

28 West 76th Street and Cathy Taub

An Upper West Side brownstone that went into contract with an asking price of $16 million was the priciest deal during an active week for luxury sales following the Thanksgiving holiday, according to Olshan Realty’s weekly luxury market report.

The five-story townhouse at 28 West 76th Street went into contract with an asking price of $15.95 million, a roughly 11 percent discount to the $17.95 million the sellers had been asking when the home first hit the market in February.

The owners paid $4.6 million for the 7,750-square-foot property when they bought it in 2006. Cathy Taub of Sotheby’s International Realty had the listing, according to StreetEasy.

Overall, the week saw 29 contracts signed at $4 million and above, compared to 15 signed during the traditionally slow holiday week prior.

The No. 2 most-expensive contract was a tie between a co-op at 784 Park Avenue and a townhouse at 20 Sullivan Street, both of which had an asking price of $14.99 million.

The week’s asking price volume totaled $246.56 million, with a median asking price of $8.15 million, according to Olshan. Luxury homes spent an average of 581 days on the market, with an average discount of 6 percent from the original ask to the final listing price. [Olshan] – Rich Bockmann


Related Articles

arrow_forward_ios
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

arrow_forward_ios