The Real Deal New York

Manhattan’s luxury market notched 37 contracts last week: Olshan

Late-April haul is tied for the best week in about a year
April 23, 2018 09:10AM

Bill Rudin, the Greenwich Lane development and 90 Morton Street (Credit: Getty Images and Binyan)

Manhattan’s luxury market recorded 37 contracts at $4 million and above last week, according to Olshan Realty’s weekly luxury market report. That was tied for the best week since May of 2017.

The final sponsor apartment at the Rudin Organization and Global Holdings’ Greenwich Lane took the top spot for the week. The condominium, PHE, had an asking price of $17.75 million. The duplex penthouse at 155 West 11th Street spans 3,486 square feet with three bedrooms, three baths and a master suite that opens out to a 355-square-foot outdoor terrace.

The development has three remaining townhouses to sell.

Brack Capital’s 90 Morton Street condominium recorded the week’s second-priciest deal, a penthouse with an asking price of $16.5 million. The building quietly started sales in the fall, and last week reported a total of eight contracts signed at $4 million and up.

The week’s asking price sales volume for luxury homes totaled $324.76 million, with a median asking price of $6.95 million. Luxury homes spent an average of 440 days on the market, with an average discount of 7 percent from the original ask to the final asking price. [Olshan]Rich Bockmann