Manhattan’s luxury residential market experienced another sluggish week, with just 17 contracts signed at $4 million and up, according to Olshan Realty’s weekly market report.
That works out to a price of roughly $4,800 per square foot for the 3,575-square-foot, three-bedroom unit. Douglas Elliman’s Richard Steinberg, Sabrina Saltiel, J. Roger Erickson and Shari Scharfer-Rollins have the listing.
Extell Development and Angelo, Gordon & Co.’s condop conversion of the Carlton House at 21 East 61st Street notched the week’s second priciest deal. The sponsor unit 5E had an asking price of $12.5 million, a reduction of nearly 17 percent off the $15 million the apartment had original been asking when it hit the market in May 2014.
The contract price works out to more than $3,000 per square foot. Brown Harris Stevens’ Daniella Schlisser has the listing.
The week’s contract asking price volume for luxury homes totaled $128.13 million, with a median asking price of $6.49 million.
Luxury homes spent an average of 521 days on the market, with an average discount of 8 percent from the original asking price to the final asking price. [Olshan] – Rich Bockmann