There were 20 deals last week in Manhattan’s luxury market: Olshan

Co-ops caught up to condo sales for the first time in 6 years

TRD New York /
Jun.June 10, 2019 10:30 AM
12 East 81st Street and 145 Central Park West

12 East 81st Street and 145 Central Park West

Manhattan’s luxury market saw 20 contracts signed last week for a total of about $160 million, according to the latest report from Olshan Realty. It marked the seventh straight week with twenty or more sales.

The contracts signed at $4 million or above were split between nine co-ops, nine condos and two townhouses. That was the first time in six years that co-ops caught up with condos sales.

Sales volume and dollar volume were both down from the week before, when the market saw 23 deals for about $221 million.

The top sale was a townhouse at 12 East 81st Street, with an asking price of $25 million that had been listed since September. The seller paid $19.6 million in 2010. The 81st Street townhouse is a five-story, 20-foot-wide brick house with 6,840 square feet.

The second biggest sale was 3C at 145 Central Park West, with an asking price of $16.75 million, reduced from $20 million when it went on the market in October. The co-op is in the San Remo, known for its celebrity residents including Steven Spielberg, Steve Martin and Bono.

Other contracts signed last week included a co-op at 32 East 64th Street for $9,950,000 and a condo at 500 Park Avenue for $9,900,000. The properties spent an average of 260 days on the market last week and had an average discount of 5 percent from the original to the final asking price. [Olshan] — Georgia Kromrei


Related Articles

arrow_forward_ios
From left: Milos Raonic, Venus Williams, Serena Williams and Novak Djokovic (Credit: Getty Images)

Luxury real estate anyone? US Open stars and their palatial pads

Luxury real estate anyone? US Open stars and their palatial pads
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”
Andre Balazs  and 158 Mercer Street (Getty; Google Maps)

André Balazs lists lavish Soho condo for $12M

André Balazs lists lavish Soho condo for $12M
Joe Jonas and Sophie Turner with 199 Mott Street (Getty; Modlin Group)

Joe Jonas and Sophie Turner list NYC pied-à-terre for $5.9M

Joe Jonas and Sophie Turner list NYC pied-à-terre for $5.9M
Jennifer Lopez and Alex Rodriguez with their Malibu beach house (Getty; Courtesy Compass)

J-Lo and A-Rod part ways with Malibu “fixer-upper” for $6.8M

J-Lo and A-Rod part ways with Malibu “fixer-upper” for $6.8M
Tiger Woods’ ex-wife buys Palm Beach Gardens home

Tiger Woods’ ex-wife buys Palm Beach Gardens home

Tiger Woods’ ex-wife buys Palm Beach Gardens home
220 Central Park South and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo sells for $61.6M

Another 220 Central Park South condo sells for $61.6M
arrow_forward_ios

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

Loading...