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 Article

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”

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

565 Broome Street (Credit: iStock and 565 Broome Street)

Only in Manhattan? Luxury condo owner files “class action” because unit doesn’t have a wine cooler

Aggressive iBuyer Opendoor acquires title and escrow company

From left: 220 Park Avenue South, 15 Central Park West, 520 Park Avenue, 35 Hudson Yards, Sting, Juan Beckmann Vidal, Daniel Och, Bob Diamond, and Stephen Ross (Credit: Getty Images, Wikipedia, StreeEasy, and Google Maps)

Serial buyers trade “old” condos for new on Billionaires’ Row

Here are 5 takeaways from TRD’s deep dive into Eklund-Gomes’ national expansion

Nashville broker posts oral sex selfie alongside kitchen and pool listing pics

Former Bear Stearns CEO Jimmy Cayne and 510 Park Avenue (Credit: Getty Images and Google Maps)

Ex-Bear Stearns CEO James Cayne demands co-op records after board rejects 3 buyers