Manhattan luxury market recorded 21 contracts at $4M and up last week: Olshan

432 Park takes the top spot for the 4th time this year with sponsor unit asking $41M

TRD New York /
May.May 21, 2018 09:00 AM

Harry Macklowe with 432 Park and Bob Weinstein with 211 Central Park West

Manhattan’s luxury market notched 21 contracts at $4 million and above last week.

Harry Macklowe and CIM Group’s 432 Park Avenue took the top spot for the fourth time this year, with unit 93A going into contract with an asking price of $40.75 million, according to Olshan Realty’s weekly market report. The sponsor unit measures 3,952 square feet, which puts the contract price at more than $10,300 per square foot.

Elsewhere in the building, Carly Englander, wife of hedge fund billionaire Israel Englander, was revealed earlier this year as the buyer of two combined penthouses on the building’s 91st floor last year for $60.8 million.

Movie producer Bob Weinstein’s duplex at the Beresford co-op at 211 Central Park West took the week’s No. 2 spot. The 14-room apartment had a final asking price of $26.5 million, down 10 percent from the original asking price of $29.5 million when it hit the market in September.

Weinstein paid $20 million for the home when he bought it in late 2004. The Hollywood producer last year sold his Upper West Side townhouse for $15 million.

The week’s asking price sales volume totaled $221 million, with a median asking price of $6.9 million. Luxury homes spent an average of 450 days on the market, with an average discount of 4 percent from the original asking price to the final asking price. [Olshan Realty] – Rich Bockmann


Related Articles

arrow_forward_ios
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”

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

Harry Macklowe, Linda Macklowe and 432 Park Avenue (Credit: Getty Images)

The latest in Harry Macklowe’s divorce: Linda’s appeal killed in court

993 Fifth Avenue and Gilbert Harrison (Credit: Google Maps and GLC)

Retail exec sells Fifth Avenue co-op to Chanel heir for $19M

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

arrow_forward_ios