23 contracts signed at $4 million and up last week

Top deal was William Randolph Hearst penthouse on the Upper West Side

Average asking price (red) and contracts signed (blue)
Average asking price (red) and contracts signed (blue)

Last week saw 23 contracts signed at $4 million and above, with the two priciest deals both being Upper West Side co-ops in historic buildings, according to the latest Olshan luxury market report.

The average asking price for luxury homes also jumped from $7.1 million in the previous week to $9.7 million, reversing a downward trend since January.

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The priciest deal to go into contract was William Randolph Hearst’s former penthouse at 137 Riverside Drive, for $24 million. The 17-room co-op spans 7,000 square feet and features seven bedrooms, six bathrooms, and five powder rooms. It was originally listed for $38 million.

Second priciest was a co-op in the Dakota at 1 West 72nd Street, last listed for $23.5 million, down from $26 million. The 3-bedroom unit features a Juliet balcony facing Central Park.

Overall, the 23 luxury deals were comprised of four co-ops, 16 condos, and three townhouses.

Last week, 35 contracts were signed at $4 million and above. [Olshan Realty] Tess Hofmann