Manhattan luxury breakdown: 27 deals were inked last week

Contracts signed last week included Jack Welch’s Beacon Court condo
April 08, 2019 09:30AM

151 East 58th Street and Jack Welch (Credit: Wikipedia)

151 East 58th Street and Jack Welch (Credit: Wikipedia)

Manhattan’s luxury market saw 27 contracts signed last week for a total of about $213 million, according to the latest report from Olshan Realty.

The contracts signed at $4 million or above were split between 14 condominiums, 11 co-ops and two townhouses. Total sales and dollar volume were both up from the week before, when 21 contracts were signed for about $196 million.

The top contract last week was former General Electric chairman and CEO Jack Welch’s condo at 151 East 58th Street, which had an asking price of $24.9 million, down $1 million from when it hit the market a year ago. The four-bedroom unit in the Beacon Court condo complex spans nearly 5,800 square feet.

The second priciest deal was for a condo at 145 West 11th Street, which had an asking price of $17.85 million. The full floor, four-bedroom unit in the Greenwich Lane complex spans about 4,500 square feet, and the owner bought it in 2015 for about $16.3 million.

Other contracts signed last week included a $15 million co-op at 19 East 72nd Street and a $4.8 million townhouse at 158 East 95th Street.

The properties spent an average of 454 days on the market last week and had an average discount of 5 percent from the original to the final asking price. [Olshan Realty] – Eddie Small