Manhattan’s luxury market recorded 26 contracts last week: Olshan

A townhouse took the No. 1 spot for the third time this year

TRD New York /
Mar.March 19, 2018 08:39 AM

46 East 65th Street and Gary Barnett with the Carlton House

Manhattan’s luxury market recorded 26 contracts at $4 million and above last week, according to Olshan Realty’s weekly market report. And for the third time this year, a townhouse took the top spot.

The six-story townhouse at 46 East 65th Street – once home to famed composer Franz Waxman – went into contract with an asking price of $14 million, according to Olshan. That’s roughly 38 percent below the $22.5 million the property had been asking when it first went on the market in February 2016.

The 10,253-square-foot home has been divided into five units and needs renovations to restore it to a single-family mansion.

Extell Development’s Carlton House condop conversion took the No. 2 spot, with apartment 6B going into contract with an asking price of $11.5 million, down from $14 million when it hit the market in April 2013.

Extell converted a former hotel at 21 East 61st Street into the 69-unit condop.

The week’s luxury contract asking-price volume totaled $184.28 million, with a median asking price of $6.32 million, according to Olshan. Luxury homes spent an average of 409 days on the market with an average discount of 14 percent from the original asking price to the final asking price. [Olshan] – Rich Bockmann


Related Articles

arrow_forward_ios
One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)

Extell lands $690M refinancing package for One Manhattan Square

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

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

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

arrow_forward_ios