Luxury market notched 27 contracts last week: Olshan

432 Park topped the list with PH asking $40.5M

TRD New York /
Mar.March 05, 2018 08:30 AM

Harry Macklowe with 432 Park Avenue and 9 East 82nd Street

The Manhattan luxury market recorded 27 contracts at $4 million and above last week, according to Olshan Realty’s weekly market report.

The No. 1 spot went to PH94B at Harry Macklowe and CIM Group’s 432 Park Avenue, which had an asking price of $40.5 million. The corner unit has views to the south, east and west and spans 3,977 square feet.

The Rafael Vinoly-designed building is now more than 85 percent sold. Late last year a Chinese buyer paid $91.1 million for a trio of apartments in the supertall tower.

An Upper East Side townhouse at 9 East 82nd Street took the No. 2 spot with an asking price of $17.5 million. The 25-foot-wide home, which hit the market in January, has been divided into 8 apartments and needs a full renovation.

Luxury-contract asking prices totaled $237.91 million for the week, with a median asking price of $6.95 million. Luxury homes spent an average of 366 days on the market, and had an average discount of 3 percent from the original to the final asking price. [Olshan Realty]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

Harry Macklowe, Linda Macklowe and 432 Park Avenue (Credit: Getty Images)

The latest in Harry Macklowe’s divorce: Linda’s appeal killed in court

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