Buyer nabs $8.8M co-op with mirrored room, stripper pole

Flamboyant home one of eight in Manhattan above $4M to go into contract last week

New York /
Jan.January 07, 2020 12:30 PM
136 Grand Street, #3WR

136 Grand Street, #3WR

It’s a house fit for a party.

Complete with a stripper pole, a hydraulic table that rises from the floor and a tap with three types of sake, unit 3WR at 136 Grand Street — asking $8.8 million — went into contract as New Yorkers welcomed in the New Year.

The 4,000-square-foot co-op, which has two bedrooms and four bathrooms, was one of only eight homes priced above $4 million to go into contract last week, down from 12 in the same period last year, according to the latest Olshan luxury report. Steve Gold of Corcoran represented the seller.

It was a slow start to the year for the luxury market after two months of buoying numbers capped off a volatile 2019, which overall saw inventory pile up and foreign buyers retreat.

Donna Olshan, the owner and president of Olshan Realty, which compiles the weekly report, said the dip in signings could just come down to timing. “The fact that both holidays — Christmas and New Year — ended in the middle of the week probably chewed a lot of it up,” she said.

Because of weather and other factors, January is not a great month for the luxury market, she added.

The priciest home to go into contract last week was a nine-room co-op at 300 Central Park West asking $10 million. The 22nd-floor apartment has three bedrooms, 4.5 bathrooms, and a living room that looks out over Central Park. The seller bought it for $4.5 million in May 2000.

No townhouses made the weekly list, which was an even split of four condos and four co-ops.

The total asking price of all the properties was $50.1 million. The median asking price was $5.6 million.

Between the original and final asking price, there was an average price discount of just 1%.

Do you have tips about the luxury market? Write to Sylvia Varnham O’Regan at [email protected].


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