There were almost 30 deals last week in Manhattan’s luxury market

Market saw 27 contracts signed last week for about $202M

New York /
Mar.March 18, 2019 11:00 AM

A condo at 320 West 12th Street was the priciest deal last week.

Manhattan’s luxury market saw 27 contracts signed last week for a total of about $202 million, according to the latest report from Olshan Realty.

The contracts signed at $4 million or above were split between 23 condos, three co-ops and one townhouse. The number of contracts increased by 12 from the week before, and the dollar volume increased by about $84 million.

The top contract last week was for a condo at 320 West 12th Street, which had an asking price of $33.5 million. Hedge fund billionaire Steven Cohen initially purchased the 9,600-square-foot triplex unit in 2013 for about $23.4 million and renovated it.

The second priciest deal was for a penthouse at 30 Park Place, which had an asking price of $16.45 million, down from about $18.88 million. The three-bedroom unit spans 3,173 square feet and is part of the 82-story Four Seasons condo tower designed by Robert A.M. Stern.

The second priciest deal llast week was for a penthouse 30 Park Place.

Other contracts signed last week included a $12.5 million co-op at 941 Park Avenue and a roughly $5 million townhouse at 237 East 32nd Street.

The properties spent an average of 555 days on the market and had an average discount of 5 percent from the original to the final asking price. [Olshan Realty]Eddie Small


Related Articles

arrow_forward_ios
From left: 11 Hoyt Street and 370 Eighth Street
See clear across Brooklyn, unclothed: Buyer claims $5M penthouse
See clear across Brooklyn, unclothed: Buyer claims $5M penthouse
1060 Fifth Avenue (Google Maps, iStock)
Fifth Ave co-op tops another slow week for Manhattan luxury contracts
Fifth Ave co-op tops another slow week for Manhattan luxury contracts
Long Island Board of Realtor's Tessa Hultz (LIRealtor.com, HomeForAllOfUs.org, iStock)
How not to discriminate: Long Island Realtors launch fair housing effort
How not to discriminate: Long Island Realtors launch fair housing effort
Douglas Elliman's Frances Katzen (Douglas Elliman, iStock)
“Paralysis” hits Manhattan home buyers
“Paralysis” hits Manhattan home buyers
(James Davis of Better Angle Media)
Shaquille O’Neal trades big Florida home for smaller Texas one
Shaquille O’Neal trades big Florida home for smaller Texas one
Southern California wildfires (Credit: Getty Images)
Flame off: Country’s first “wildfire-prepared” home is completed
Flame off: Country’s first “wildfire-prepared” home is completed
Island Sotheby’s International Realty agent Dan Omer and Hana Ranch in Maui (Sotheby's International Realty)
Hawaiian ranch next to Oprah hits market for $75M
Hawaiian ranch next to Oprah hits market for $75M
Hana Ranch in Maui. (Sotheby's International)
Mammoth Maui cattle ranch hits market for $75M
Mammoth Maui cattle ranch hits market for $75M
arrow_forward_ios

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

Loading...