The Real Deal New York

Luxury market notched 27 contracts last week: Olshan

432 Park topped the list with PH asking $40.5M
March 05, 2018 08:30AM

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