Manhattan’s luxe resi market logs 16 contracts: Olshan

Count is down from previous week

TRD New York /
Sep.September 04, 2018 01:31 PM

13 Harrison Street (Credit: Brown Harris Stevens)

After a flurry of luxury residential contracts were signed at the end of August, the final week of the month saw a less flashy 16 deals, according to Olshan Realty’s weekly market report.

From Aug. 27 to Sept. 2, 16 contracts priced at $4 million and up were signed, according to Olshan. The most expensive contract was for a six-bedroom unit at 13 Harrison Street with an asking price of $11.5 million. But the apartment seems to have sold at a loss: The owner paid $13.65 million for the unit in 2007.

Two units tied for second place: a co-op on the 17th floor of 812 Fifth Avenue and a townhouse at 52 West 85th Street. Both had an asking price of $9.95 million.

For the week, the median asking price of units that went in contract was $6.99 million, according to Olshan. The previous week — Aug. 20 through 26 — saw a “dazzling” 24 contracts at an average of $5.9 million. [Olshan] — Kathryn Brenzel

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