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

Haul is second-best for an Easter week since 2006

New York /
Apr.April 02, 2018 08:39 AM

Manhattan’s luxury rental market recorded 26 contracts at $4 million and above last week, according to Olshan Realty’s weekly market report. That was the second-best total on record for an Easter Week since Olshan began keeping track in 2006.

And co-ops had a particularly strong week with nine contracts, the largest figure since mid-November.

An 11-room co-op at 1125 Fifth Avenue took the No. 1 spot for the week, with an asking price of $20 million. The 14th floor unit has 5 bedrooms, 5 baths and huge picture windows overlooking Central Park and the reservoir.

Disney CEO Bob Iger earlier this year sold his 7th floor co-op in the building for $18.8 million.

Madison Equities, Building and Land Technology and Thor Equities condominium redevelopment of 212 Fifth Avenue notched the week’s second-priciest contract: a 4,155-square-foot unit asking $18.1 million.

The developers have a $74 million penthouse in the building they’re marketing.

The week’s asking price sales volume for luxury homes totaled $182.81 million, with a median asking price of $5.83 million. Luxury homes spent an average of 383 days on the market, with an average discount of 3 percent from the original ask to the final asking price. [Olshan Realty] – Rich Bockmann

 

Related Articles

arrow_forward_ios
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
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”
For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
US household real estate values jump by record $1.2T
US household real estate values jump by record $1.2T
US household real estate values jump by record $1.2T
David Bitton, CMO and co-founder of DoorLoop and Ori Tamuz, CEO and co-founder of DoorLoop (Bitton, DoorLoop, Getty)
Startup DoorLoop to take on goliaths in rental management software
Startup DoorLoop to take on goliaths in rental management software
Richard Grossman
Brown Harris Stevens’ NYC president Richard Grossman steps down
Brown Harris Stevens’ NYC president Richard Grossman steps down
The six bedroom Sagaponack house (Out East)
Sagaponack mansion lists for $32M in East End’s supply-constrained market
Sagaponack mansion lists for $32M in East End’s supply-constrained market
220 Central Park South and Arel Capital’s Richard Leibovitch (Arel, Robert A.M. Stern Architects)
Arel Capital’s Richard Leibovitch sells 220 Central Park South unit for $33M
Arel Capital’s Richard Leibovitch sells 220 Central Park South unit for $33M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...