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

Top contract was a unit at 432 Park Avenue

TRD 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
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
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
New York’s real estate market is becoming two different stories: Manhattan, where deals are falling — and the suburbs, where demand is spiking. (iStock, Unsplash)

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
Home sale price declines are expected for July, after a recent bump, according to a CoreLogic report. (iStock)

Home sale prices got a bump, but a drop is coming: Report

Home sale prices got a bump, but a drop is coming: Report
(Images courtesy of Victor Group)

The Getty condo chops prices up to 53%

The Getty condo chops prices up to 53%
442 Union Street and 257 Berry Street (Google Maps)

Brooklyn’s luxury market reaches new pandemic high

Brooklyn’s luxury market reaches new pandemic high
arrow_forward_ios

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

Loading...