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Residential
New York

Manhattan luxe sees 28 contracts signed in first half of August

Quadplex asking $14M was top unit in contract last week

95 Charles Street (Illustration by Kevin Cifuentes for The Real Deal with Getty, Streeteasy)
95 Charles Street (Illustration by Kevin Cifuentes for The Real Deal with Getty, Streeteasy)

It seems like a townhouse, but it’s not.

Beyond the technicality, a quadruplex condo in the West Village unequivocally topped last week’s luxury contracts in Manhattan.

Unit 1 at 95 Charles Street listed in mid-July asking nearly $14 million, according to a weekly report by Olshan Realty on contracts $4 million and above. The condo spans over 6,000 square feet over four floors, including six bedrooms and four bathrooms.

The unit also counts two powder rooms and two fireplaces. A dramatic great room with 16-foot ceilings opens into a nearly 1,300-square-foot garden with an outdoor kitchen.

The building itself is 38 feet wide with five units. The seller paid $8.5 million for the unit in 2008.

The second priciest home to enter contract is 4/5A at 895 Park Avenue, which was listed in June and asked $12 million. The 12-room co-op duplex has seven bedrooms, seven and a half bathrooms and four fireplaces. The apartment overlooks Park Avenue and 79th Street.

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Owned by the same family for over 50 years, the unit is a prime candidate for a renovation.

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Overall, there were 15 contracts signed between Aug 8 and 14. Out of the 15 contracts signed, 10 were for condos, three were co-ops and two were for townhouses.

Manhattan notched 28 luxury contracts signed in the last two weeks, comparable to the first two weeks in August of 2018. The 10-year average of luxury contracts signed in the first two weeks of August is 37, or 15.5 contracts per week.

Even so, the first week of August was a slow one. The 13 properties were last asking a combined $95.24 million, the lowest total tracked by the report since October 2020.

Last week’s total asking price sales volume rebounded, reaching $103 million. The median asking price was $5.95 million, and the units spent an average of 681 days on the market, with an average discount of 3 percent.

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Donna OlshanLuxury Real EstateOlshan Realty