Manhattan’s luxury market saw 16 contracts signed last week for a total of about $114 million, continuing its lackluster winter, according to the latest report from Olshan Realty.
The contracts signed at $4 million or above were split between nine condos, five co-ops and two townhouses. The number of contracts increased by one from the week before, while the dollar volume decreased by about $18 million.
Both of the top two contracts last week were for co-ops, the first time this has happened since March 2017. The top contract was for a co-op at 941 Park Avenue, which was asking $12.5 million, down from $13.5 million when it hit the market in August. The duplex contains four bedrooms and 4.5 bathrooms.
The second priciest deal was for a co-op at 117 East 72nd Street, which had an asking price of $11.5 million, down from $12.5 million when it was listed in October. The co-op has 14 rooms, four bedrooms and three fireplaces.
Another notable sale last week was the townhouse at 45 West 84th Street, which was sold by “Law and Order: SVU” actress Mariska Hargitay for $9.75 million. The brownstone stands six stories tall and spans 6,925 square feet, and it was the top townhouse sale of the week.
The properties spent an average of 383 days on the market and had an average discount of 8 percent from the original to the final asking price. [Olshan] – Eddie Small