Lonely townhouse finds a match after years on market

Massive price cut for East 90th Street sale, one of 19 luxury contracts last week

New York /
Dec.December 10, 2019 02:45 PM
15 East 90th Street (Credit: Google Maps)

15 East 90th Street (Credit: Google Maps)

For 1,651 days, a Georgian-style townhouse on a stately Upper East Side block waited for a buyer. The 10,021-square-foot listing was passed from one brokerage firm to another, and another.

Finally, last week, 15 East 90th Street went into contract for $16.5 million. It was the highest-priced luxury signing of the week, according to the latest Olshan market report.

The property was one of 19 above $4 million to go into contract in that period. (Last year the same time period had 18 such deals.) The second priciest signing was a co-op apartment at 1060 Fifth Avenue, with an asking price of $15.75 million.

The Fifth Avenue unit — a stone’s throw from the Jacqueline Kennedy Onassis Reservoir — has five bedrooms, 6.5 bathrooms and views of Central Park. A gym inside the building features a swimming pool and a golf simulator.

The median asking price across all 19 properties was $5.7 million.

The first-placed townhouse, which had an initial asking price of $35 million, was one of three townhouses to go into contract last week. Their average asking price was $13.6 million.

Donna Olshan, whose firm puts out the reports, said 15 East 90th Street — one of two properties on the list that had been on the market for long stretches — skewed the “negotiability” figure that the firm calculates to reflect the percentage difference between the original asking price and the final asking price.

“It basically underscores that the market is not going to respond until it sees a price that is considered very good value,” Olshan said.

A block away, at 60 East 9oth Street, another townhouse that was being shopped off market by Brown Harris Stevens’ John Burger was pulled from the market last week after the Wall Street Journal published that it was for sale. In a story today, The Real Deal explained the snafu.


Related Articles

arrow_forward_ios
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”
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
422 E. 84th Street (Google)
Uptown chiropractor, diamond dealer battle over $349K in rent on UES
Uptown chiropractor, diamond dealer battle over $349K in rent on UES
The property on 73rd Street formerly owned by Grace Kelly. (Getty, StreetEasy)
UES townhouse rumored to have been owned by Grace Kelly sells for $25M
UES townhouse rumored to have been owned by Grace Kelly sells for $25M
Firefighters battling a 11-alarm fire at a chemical plant in Passaic. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images)
Bergen County residents told to close windows after fire at chlorine plant
Bergen County residents told to close windows after fire at chlorine plant
1428 N Genesee Drive and Freddie Krueger (Realtor, Wikimedia)
‘A Nightmare on Elm Street’ home sells for $3M
‘A Nightmare on Elm Street’ home sells for $3M
Discovery at West Road on 9404 West Road, Houston and Haven at Eldridge on 13115 Whittington Drive and McCann Realty Partners Matt Akin (Pegasus Residential, McCann Realty Partners)
McCann Realty Partners swings two Texas multifamily deals
McCann Realty Partners swings two Texas multifamily deals
arrow_forward_ios

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

Loading...