Manhattan’s luxe resi market recorded 17 contracts last week: Olshan

It was another sluggish week for pricey home sales

TRD New York /
Oct.October 01, 2018 09:15 AM

432 Park and exterior and interior renderings of the Carlton House at 21 East 61st Street (Credit: Wikipedia and The Carlton House)

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.

Harry Macklowe and CIM Group’s 432 Park Avenue claimed the week’s priciest deal for the seventh time this year. Unit 41C went into contract with an asking price of $17.17 million.

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

 

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
394 Vanderbilt Avenue (Douglas Elliman)

As weather heats up, Brooklyn luxury market doesn’t

As weather heats up, Brooklyn luxury market doesn’t
The threat of eviction hangs heavily above immigrant families who have lost work as a result of the coronavirus pandemic. (Getty)

Eviction bans don’t always protect the most vulnerable

Eviction bans don’t always protect the most vulnerable
Seth Campbell (iStock)

Keller Williams to cut ties with top franchise owner following sexual harassment allegations

Keller Williams to cut ties with top franchise owner following sexual harassment allegations
Ghost Towers

NYC’s ghost towers: How many Manhattan luxury condos are owned by people who don’t live there?

NYC’s ghost towers: How many Manhattan luxury condos are owned by people who don’t live there?
Manhattan homes flooded the market last week but buyers are nowhere to be found 

Manhattan homes for sale nearly doubled last week

Manhattan homes for sale nearly doubled last week
arrow_forward_ios

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

Loading...