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


Related Articles

arrow_forward_ios
Metro areas with less affordable housing drive high-income buyers to eye homes in lower-income neighborhoods at disproportionate rates (iStock)

TRD Insights: Gentrification happening fastest in least affordable cities

TRD Insights: Gentrification happening fastest in least affordable cities
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
Lighstone Group CEO David Lichtenstein and 365 Bond Street in Brooklyn (Photos via Lightstone; 365bond; iStock)

Lightstone bought Gowanus parcels for a pittance, seller’s sons allege

Lightstone bought Gowanus parcels for a pittance, seller’s sons allege
New York’s real estate market is becoming two different stories: Manhattan, where deals are falling — and the suburbs, where demand is spiking. (iStock, Unsplash)

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
Home sale price declines are expected for July, after a recent bump, according to a CoreLogic report. (iStock)

Home sale prices got a bump, but a drop is coming: Report

Home sale prices got a bump, but a drop is coming: Report
(Images courtesy of Victor Group)

The Getty condo chops prices up to 53%

The Getty condo chops prices up to 53%
Michael Price and 20 East 78th Street (Getty, Google Maps)

Billionaire’s townhouse sale is a window into pandemic-era luxury deals

Billionaire’s townhouse sale is a window into pandemic-era luxury deals
442 Union Street and 257 Berry Street (Google Maps)

Brooklyn’s luxury market reaches new pandemic high

Brooklyn’s luxury market reaches new pandemic high
arrow_forward_ios

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

Loading...