Manhattan’s luxury market just had its best week of the year

Borough saw 29 deals signed for a total of about $291M

TRD New York /
Jun.June 24, 2019 09:30 AM
432 Park Avenue and 1010 Park Avenue (Credit: Starline via Freepik)

432 Park Avenue and 1010 Park Avenue (Credit: Starline via Freepik)

Manhattan’s luxury market had its best week of the year last week with 29 contracts signed for a total of about $291 million.

The contracts signed at $4 million or above were split between 22 condominiums, five co-ops and two townhouses.

Sales and dollar volume were both up from the week before, when the market saw 22 contracts signed for about $195 million. This was the ninth week in a row with 20 or more sales.

The top sale last week was for a unit at 432 Park Avenue, which was asking $41 million but closed for less than $40 million. The three-bedroom corner unit spans about 4,000 square feet and includes a living room, an eat-in kitchen and a 30-foot master suite.

The second priciest deal was for a unit at 1010 Park Avenue, which was asking $28.5 million. The six-bedroom unit spans about 7,900 square feet, and this marks the second contract signed in the building.

Other contracts signed last week included a townhouse at 37 West 11th Street for $12.85 million and a co-op at 101 Central Park West for $10.4 million. The properties spent an average of 526 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
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”

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

Lee Radziwill and her home at 160 East 72nd Street (Credit: Getty Images, Brown Harris Stevens)

Longtime home of Lee Radziwill, sister to Jackie O., sells for $4M

NYC startup is under contract to buy its first Miami condo as crowdfunding investment

NYC startup is under contract to buy its first Miami condo as crowdfunding investment

South Florida developers riff on the shift from condos to rentals: TRD Miami Showcase & Forum

South Florida developers riff on the shift from condos to rentals: TRD Miami Showcase & Forum

993 Fifth Avenue and Gilbert Harrison (Credit: Google Maps and GLC)

Retail exec sells Fifth Avenue co-op to Chanel heir for $19M

Clockwise from left: 240 Riverside Boulevar with  Charles Zegar, 111 Murray Street, and 220 Central Park South (Credit: Google Maps, Getty Images, and CityRealty)

Here are some of the Big Apple’s recent luxury resi buys

arrow_forward_ios