Not a single Manhattan resi property above $10M went into contract last week

There were 9 contracts signed, the priciest being an $8.75M condo at 21 East 12th Street

TRD New York /
Jul.July 15, 2019 09:30 AM
From left: 21 East 12th Street, 15 Central Park West and 240 East 10th Street (Credit: StreetEasy and Google Maps)

From left: 21 East 12th Street, 15 Central Park West and 240 East 10th Street (Credit: StreetEasy and Google Maps)

Manhattan’s luxury market once again saw only nine contracts signed last week, this time for a total of $51.25 million. That continued the drastic slowdown from last week, which followed 10 straight weeks of 20 or more sales, according to Olshan Realty.

The contracts signed at $4 million or above were again split between seven condominiums and two co-ops.

Sales were the same as the week before, while dollar volume dropped slightly from about $53.9 million. Last week’s dollar volume was the lowest since mid-November 2013, and it was the second week in a row where no properties went into contract for $10 million or higher, which hasn’t happened since September 2011.

The top sale last week was for a condo at 21 East 12th Street, which was asking $8.75 million. The four-bedroom unit spans 2,679 square feet.

The second priciest deal was a tie between two units asking $6.5 million: a two-bedroom condo at 15 Central Park West spanning 2,135 square feet and a three-bedroom condo at 240 East 10th Street spanning 3,200 square feet.

Other contracts signed last week included a condo at 845 United Nations Plaza for $6.15 million and a co-op at 1155 Park Avenue for about $5.1 million. The properties spent an average of 369 days on the market last week and had an average discount of 4 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”

From left: Colgate chairman Ian Cook and 1115 Fifth Avenue and 912 Fifth Avenue (Credit: Cuny, StreetEasy)

He sold enough toothpaste to buy this tony Carnegie Hill pad

Larry Silverstein (Credit: Getty Images, iStock)

Silverstein’s lending biz could get a boost from the weak luxury condo market

Vornado’s Steve Roth and 220 Central Park South (Credit: Getty Images)

Another villa unit at 220 Central Park South sells for $47M

220 Central Park South and Vornado chairman Steven Roth (Credit: Google Maps and Getty Images)

Another $60M condo closes at 220 Central Park South

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

arrow_forward_ios