Luxury real estate took a breather last week, with only 19 contracts signed on properties $4 million and up, the lowest since January, according to Olshan Realty’s latest luxury report.
TRD analysis of Olshan Realty data
Of the homes that went into contract, the average asking price was $7.2 million; homes spent an average of 255 days on the market.
The biggest deal of the week was a penthouse at 55 Warren Street in Tribeca listed for $13.995 million. The original asking price, when the duplex condo hit the market in April 2013, was $16 million. The home has 5,924 square feet with four bedrooms, 4.5 baths and a 1,300-square-foot terrace with a swimming pool.
The second biggest deal was another penthouse, at 500 West 21st Street, asking $12.85 million. The original price, when developer Sherwood Equities listed the condo in May, was $16 million. The home has three bedrooms, 3.5 bathrooms, a den, fireplace and 400-square-foot terrace. [Olshan Realty] – E.B. Solomont