The Real Deal New York

Manhattan saw a “healthy total” of luxury contracts inked last week: Olshan

24 deals signed at $4M and up
November 05, 2018 09:30AM

John Burger and 150 Charles Street (Credit: Brown Harris Stevens)

Manhattan’s luxury residential market recorded 24 contracts last week at $4 million and up, according to Olshan Realty’s weekly market report.

Olshan called the activity a “healthy total in the midst of a much-publicized worrisome housing market.”

A sponsor unit at Extell Development’s One57 claimed the week’s top spot, with an asking price of $19.9 million. The four-bedroom unit 46C covers 3,466 square feet, bringing the asking price to slightly above $5,740 per square foot.

The 80th-floor home at the Billionaires’ Row tower just hit the rental market, asking a record-breaking $125,000 per month.

A resale unit at the Witkoff Group’s 150 Charles Street in the West Village claimed the week’s second-priciest contract. Unit 6BS had an asking price of $16.995 million, or roughly $4,900 per square foot.

John Burger and Richard Ziegelasch at Brown Harris Stevens have the listing.

The seller bought the condominium off of floor plans in February 2013 and closed three years later for $12.25 million.

The week’s asking-price contract volume totaled $179 million, with a median asking price of $5.74 million. Luxury homes spent an average of 783 days on the market, with an average discount of 8 percent from the original asking price to the final asking price. [Olshan Realty] – Rich Bockmann