Manhattan’s luxury market saw 25 contracts signed last week

Contracts were worth a total of about $237M
July 01, 2019 10:45AM

36-38 East 74th Street and 515 Park Avenue (Credit: Google Maps)

36-38 East 74th Street and 515 Park Avenue (Credit: Google Maps)

Manhattan’s luxury market saw 25 contracts signed last week for a total of about $237 million, the 10th straight week of 20 or more sales.

The contracts signed at $4 million or above were split between 16 condominiums, six co-ops and three townhouses.

Sales and dollar volume were both down from the week before, when the market had its best week of the year with 29 contracts signed for about $291 million.

The top sale last week was for a townhouse at 36-38 East 74th Street, which was asking $28.75 million. The six-story home spans 14,000 square feet with 12 bedrooms, 10 fireplaces and an elevator.

The second priciest deal was for a duplex condo at 515 Park Avenue, which was asking $26.8 million. The five-bedroom unit spans 6,500 square feet, and the owner bought it in 2010 for slightly less than $24 million.

Other contracts signed last week included a condo at 1110 Park Avenue for $21.9 million and a co-op at 320 Central Park West for $11.25 million. The properties spent an average of 534 days on the market last week and had an average discount of 10 percent from the original to the final asking price. [Olshan] – Eddie Small