There were 25 deals last week in Manhattan’s luxury market: Olshan

Priciest deal was a roughly $16M condo at 45 East 22nd Street

New York /
May.May 06, 2019 09:00 AM
45 East 22nd Street and 215 East 61st Street

45 East 22nd Street and 215 East 61st Street

Manhattan’s luxury market saw 25 contracts signed last week for a total of about $167 million, according to the latest report from Olshan Realty.

The contracts signed at $4 million or above included 14 condos and eight co-ops, as well as three townhouses.

While total sales stayed flat, dollar volume was down from the week before, when 25 contracts were signed for about $187 million.

The top contract last week was for a 56th-floor sponsor unit at Bruce Eichner’s 45 East 22nd Street, which was asking $16.995 million, down from the original $20.75 million asking price when it was listed in 2015. The four-bedroom unit spans 4,665 square feet and comes with 360-degree views from the East River to the Hudson River.

The second priciest deal was for a brownstone at 215 East 61st Street, which was asking for $11.95 million, down from $13.99 million when it hit the market last July. The 18-foot-wide house was sold for $5.9 million in 2015 and was then gut renovated. The five-bedroom home spans 5,900 square feet and includes a large kitchen that opens to a garden

Other contracts signed last week included a $11.75 million condo at 275 West 10th Street and a $9.995 million co-op at 1115 Fifth Avenue. The properties spent an average of 510 days on the market last week and had an average discount of 12 percent from the original to the final asking price. [Olshan] — Kevin Sun


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