The Real Deal New York

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

A townhouse took the No. 1 spot for the third time this year
March 19, 2018 08:39AM

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