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

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”

Lena Dunham and 60 Broadway (Credit: Getty Images)

Lena Dunham’s “massive real estate mistake”

Martha Stewart

Design it the Martha Way: Martha Stewart to brand real estate developments worldwide

255 West 11th Street with Liv Tyler and 49 East 67th Street  with Thomas and Ann Unterberg (Credit: Getty Images and Google Maps)

Here’s what sold in NYC’s luxury home market last week

110 Central Park South and Aleksandra Melnichenko (Credit: Google Maps and Getty Images)

Who’s buying what? Here are our top luxe resi sales

From left: Bono, David Beckham and Taylor Swift

From Shaq to Leonardo DiCaprio, the latest celebrities to invest in real estate

Daily Digest Thursday

Stribling’s old offices up for sale, WeWork sued over pregnancy discrimination

arrow_forward_ios