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


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
HFZ Capital’s condo the XI has sold 38 of its 236 units (iStock)

HFZ’s Chelsea condo now effective, with 16% of units sold

HFZ’s Chelsea condo now effective, with 16% of units sold
Zillow's Rich Barton (iStock)

Zillow launches brokerage to boost iBuying

Zillow launches brokerage to boost iBuying
421 Broome Street (Google Maps)

Soho penthouse buy sets record despite price chop

Soho penthouse buy sets record despite price chop
Oxford Property Group CEO Adam Mahfouda and (inset) the late Bianka Yankov (Mahfouda courtesy of Propco Holdings, iStock, Linkedin)

Oxford Property Group acquires Spire, expands to nearly 800 agents

Oxford Property Group acquires Spire, expands to nearly 800 agents
Brooklyn’s Sunset Park is in the midst of a severe housing crisis and in desperate need of affordable housing. (Photo by Jim.henderson via Wikipedia)

Sunset Park faces severe affordable housing shortage: report

Sunset Park faces severe affordable housing shortage: report
arrow_forward_ios

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

Loading...