Tribeca condos topped Manhattan’s priciest contracts

Buyers inked just 21 contracts for Manhattan homes asking over $4M

New York /
Jan.January 10, 2022 12:45 PM
Tribeca condos topped Manhattan’s priciest contracts

71 Laight Street and 56 Leonard Street (Google Maps, 56LeonardTribeca.com)

New York City’s frosty first week of January accompanied a slight cooldown in Manhattan’s luxury market.

Buyers signed just 21 contracts for homes asking $4 million and above, according to Olshan Realty’s weekly report. Of those, condos outsold co-ops 13 to six and two townhouses traded hands.

The priciest contract was unit 5C at 71 Laight Street in Tribeca, which asked $13.1 million. The 3,708-square-foot condo has five bedrooms and five-and-a-half bathrooms, along with an eat-in kitchen and 11- to 12-foot ceilings. The owner purchased the unit from the sponsor for $9.95 million in December 2015.

The apartment is in the 32-unit Sterling Mason condo, which has amenities such as a doorman, concierge, fitness center, playroom, bike room and storage.

The second-priciest contract was also in Tribeca. The unit at 56 Leonard Street — the condo building noted for its Jenga-like appearance —asked $13 million. With 3,371 square feet, the apartment includes four bedrooms and four and a half baths. It also features 12-foot ceilings and balconies off the living room and master bedroom.

The owner bought the unit off of floor plans and closed for over $11 million in March 2017.

Two other familiar addresses on the list included two condos at 15 Hudson Yards and another in 35 Hudson Yards.

TRD previously reported Hudson Yards had a busy summer Since July 1, there have been 12 contracts inked at the Related Companies’ megaproject: nine at 15 Hudson Yards and three at 35 Hudson Yards. Just one of those deals was a resale, the others were sold by Related.

The week’s total asking price sales volume was $147 million. Average asking price was $7 million, while the median asking price was $5.35 million. The average discount from original ask to last asking price was just 1 percent and properties spent an average of 572 days on the market.

The 21 contracts signed between Jan. 3 and 9 mark a slight tick down from the 22 signed between Dec. 27 and Jan. 2, which marked the highest start of the year since Olshan report launched in 2006. One week earlier, the market notched its best Christmas week of contract signings since the report’s debut, with 42 homes going into contract.

[contactauthor email=”[email protected]” text=”Contact Sasha Jones


Related Articles

arrow_forward_ios
New York Ranger Jacob Trouba (Getty)
Rangers’ star Jacob Trouba nets Tribeca condo for $6.7M
Rangers’ star Jacob Trouba nets Tribeca condo for $6.7M
Chrissy Teigen and John Legend with 374 Broome Street (Credit: Karwai Tang/Getty Images; Google Maps)
John Legend and Chrissy Teigen selling penthouse apartments in Nolita
John Legend and Chrissy Teigen selling penthouse apartments in Nolita
Michael Fulfree and Bianca D’Alessio of Nest Seekers International (Nest Seekers)
They can sell the Hamptons. But can they sell “Selling the Hamptons”?
They can sell the Hamptons. But can they sell “Selling the Hamptons”?
From left: Ryan Johnson and Jeff Berens, co-founders of Culdesac, in front of a rendering of Culdesac Tempe (Culdesac, iStock)
Startup that wants to build car-free cities raises $30M Series A
Startup that wants to build car-free cities raises $30M Series A
Former WeWork CEO Adam Neumann (Getty Images, iStock, Yard 8 Miami, Stacks on Main, Trulia, Power Design Inc., Inkwell Decatur, Wikipedia, Illustration by Kevin Cifuentes for The Real Deal)
Depreciation Man: Adam Neumann’s real estate binge to ease tax bill
Depreciation Man: Adam Neumann’s real estate binge to ease tax bill
Eviction problems hit NJ, NY after moratoriums lift
Eviction problems hit NJ, NY after moratoriums lift
Eviction problems hit NJ, NY after moratoriums lift
(iStock/Illustration by Kevin Rebong for The Real Deal)
Existing home sales hit 15-year high in 2021
Existing home sales hit 15-year high in 2021
Joseph Tsai, executive vice chairman, Alibaba (Getty Images, LoopNet, iStock)
Office behind Joseph Tsai revealed as buyer in 220 Central Park South megadeal
Office behind Joseph Tsai revealed as buyer in 220 Central Park South megadeal
arrow_forward_ios

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

Loading...