Manhattan luxury market sees slight uptick with $144M in contracts signed: Olshan

Top contract was a unit at 432 Park Avenue

New York /
Jan.January 14, 2019 09:00 AM

432 Park Avenue (Credit: Pixabay)

Manhattan’s luxury market saw 13 contracts signed last week for a total of about $144 million, according to the latest report from Olshan Realty.

The contracts signed at $4 million or above were split between seven condos, three co-ops and three townhouses. The number of contracts increased by one from the week before, and the dollar volume increased by about $30 million.

The top contract signed last week was for unit 95A at Harry Macklowe’s 432 Park Avenue, which was asking $41.25 million. The three-bedroom corner unit spans 3,952 square feet.

The second priciest deal was for unit 60B at Extell Development’s 157 West 57th Street, which had an asking price of $28.9 million and reportedly went under contract for about $22 million. The three-bedroom unit spans 4,193 square feet.

Other contracts signed last week included a $7.95 million townhouse at 237 East 61st Street and a $5.85 million co-op at 20 Desbrosses Street.

The properties spent an average of 564 days on the market and had an average discount of 1 percent from the original to the final asking price. [Olshan Realty] – Eddie Small


Related Articles

arrow_forward_ios
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”
Wells Fargo CEO Charles Scharf (Getty Images)
Wells Fargo backing off mortgage market
Wells Fargo backing off mortgage market
One Brooklyn Bridge Park units 427/8 and 1115 (StreetEasy, Google maps)
One Brooklyn Bridge Park condos top Brooklyn luxury market
One Brooklyn Bridge Park condos top Brooklyn luxury market
The Ritz-Carlton New York NoMad (The Ritz-Carlton New York, Illustration by Priyanka Modi for The Real Deal with Getty)
Ritz-Carlton NoMad evades short-term rental ban
Ritz-Carlton NoMad evades short-term rental ban
95 Charles Street (Illustration by Kevin Cifuentes for The Real Deal with Getty, Streeteasy)
Manhattan luxe sees 28 contracts signed in first half of August
Manhattan luxe sees 28 contracts signed in first half of August
740 Park Avenue and Corcoran broker Francine Crocker (Corcoran, Getty)
Tower of power: Duplex at 740 Park listed for $26M
Tower of power: Duplex at 740 Park listed for $26M
Douglas Elliman’s Kirsten Jordan and 2728 Thomson Avenue in Queens (Corcoran, Douglas Elliman, Getty)
TRD Pro: Queens’ priciest home sales in the second quarter
TRD Pro: Queens’ priciest home sales in the second quarter
Seattle Seahawks receiver and newly-licensed realtor Tyler Lockett along with 812 245th Place Northeast in Sammamish, Washington (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and Redfin)
NFL star earns his real estate wings
NFL star earns his real estate wings
arrow_forward_ios

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

Loading...