Manhattan’s luxury market saw uptick in contracts, dollar volume last week: Olshan

Priciest deal was a roughly $15M condo at 150 Charles Street

Apr.April 22, 2019 10:00 AM
150 Charles Street and 1965 Broadway

150 Charles Street and 1965 Broadway

Manhattan’s luxury market saw 19 contracts signed last week for a total of about $139 million, according to the latest report from Olshan Realty.

The contracts signed at $4 million or above were split between 12 condos, six co-ops and one townhouse.

Total sales and dollar volume were both up from the week before, when 17 contracts were signed for about $127 million.

The top contract last week was for a condo at 150 Charles Street, which went for slightly less than $15 million, 98 days after hitting the market. The four-bedroom home spans 3,395 square feet, and the owner previously paid $13.3 million for the unit in 2016.

The second priciest deal was for a penthouse unit at 1965 Broadway, which went for $13.5 million. The four-bedroom unit is in the Grand Millennium condo and spans 3,358 square feet with a fireplace and a 30-foot terrace.

Other contracts signed last week included an $11.9 million co-op at 1175 Park Avenue and an $8.95 million townhouse at 11 West 9th Street.

The properties spent an average of 565 days on the market last week and had an average discount of 11 percent from the original to the final asking price. [Olshan Realty] – Eddie Small

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