There were 23 deals last week in Manhattan’s luxury market: Olshan

Priciest deal was for a unit at 432 Park Avenue

TRD New York /
May.May 13, 2019 09:00 AM
432 Park Avenue and 71 Laight Street (Credit: Getty Images)

432 Park Avenue and 71 Laight Street (Credit: Getty Images)

Manhattan’s luxury market saw 23 contracts signed last week for a total of about $207 million, according to the latest report from Olshan Realty.

The contracts signed at $4 million or above were split between 17 condos, four co-ops and two townhouses.

While sales volume was down from the week before, falling from 25 to 23, dollar volume jumped up, increasing from about $187 million to $207 million.

The top sale last week was for unit 86B at Macklowe Properties’ 432 Park Avenue, which had an asking price of $39.5 million. The corner unit spans about 4,000 square feet with three bedrooms, a library and an eat-in kitchen. This is the second time in 2019 and the 12th time since 2018 that a unit at 432 Park grabbed the top spot.

Second place went to a condo at Taconic Investment Partners’ 71 Laight Street, which had an asking price of $20 million. The three-bedroom unit spans 4,600 square feet and includes a wraparound terrace with a hot tub, kitchen and pizza oven, along with a parking spot and a pair of storage units. The owner bought it in 2015 for about $20.4 million.

Other contracts signed last week included a townhouse at 15 East 92nd Street for $9.9 million and a co-op at 911 Park Avenue for about $6 million. The properties spent an average of 494 days on the market last week and had an average discount of 7 percent from the original to the final asking price. [Olshan] – Eddie Small

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