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

Priciest deal was for $26M at a unit in 50 United Nations Plaza

TRD NEW YORK /
Jun.June 03, 2019 03:30 PM
From left: 50 United Nations Plaza and the building's penthouse

From left: 50 United Nations Plaza and the building’s penthouse

Manhattan’s luxury market saw 23 contracts signed last week for a total of about $211 million, according to the latest report from Olshan Realty.

The contracts signed at $4 million or above were split between 18 condominiums, four townhouses and one co-op.

Sales volume was the same as the week before, but dollar volume was higher that week at about $221 million.

The top sale last week was for a penthouse unit at Zeckendorf Development’s 50 United Nations Plaza, which was asking $26.25 million. The five-bedroom condo spans about 5,900 square feet and includes two staff rooms. If it went at listing price, the penthouse sold at just over $4,400 a square foot.

Second place went to a townhouse at 9 East 84th Street, which went for slightly less than $22 million. The house was previously reported under contract in December, but that deal fell through, and the home was relisted in January. The seven-bedroom property spans 12,500 square feet ($1,760 a square foot) and underwent extensive repairs after a 2017 fire tore through the nearby townhouse at 7 East 84th Street.

Other contracts signed last week included a condo at 5 East 17th Street for $15.5 million and a co-op at 14 East 90th Street for about $5.3 million. The properties spent an average of 379 days on the market last week and had an average discount of 5 percent from the original to the final asking price. [Olshan] – Eddie Small


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