The last week of the year was slow and “typically dreary” for Manhattan’s luxury real estate market, according to the latest report from Olshan Realty.
The borough saw just five contracts signed last week at $4 million and above, split between one co-op and four condos. The units went for about $73.7 million overall.
The priciest deal last week was a unit at Harry Macklowe and CIM Group’s 432 Park Avenue, the 10th time of the year that the building had the most expensive deal of the week. Unit 95B sold for $40.75 million. The home is a three-bedroom corner unit spanning about 4,000 square feet with a library and fireplace.
The second priciest deal was at 443 Greenwich Street, which went for $16.25 million. The three-bedroom condo spans about 3,500 square feet and includes a terrace and outdoor kitchen. The building has proven to be a popular spot for celebrities including Jennifer Lawrence, Justin Timberlake and Jessica Biel, and Ryan Reynolds and Blake Lively.
The properties spent an average of 549 days on the market and had an average discount of 2 percent from the original to the final asking price. [Olshan Realty] – Eddie Small