New York

28 contracts signed at $4M and above: Olshan

Top contract was $15M duplex penthouse at 247 West 12th Street

From left: <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/247-West-12-Street-New-York-NY-10014/1006150086-0" target="_blank" data-address="247%20West%2012%20Street%2C%20New%20York" data-label="247%20West%2012th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F247-West-12-Street-New-York-NY-10014%2F1006150086-0" data-bbl="1006150086" data-blockValue="00615" data-lotValue="0086" data-zipcode="10014" data-bldgArea="58%2C565" data-bldgDepth="126" data-bldgFront="78" data-landUse="Multifamily%20elevator%20buildings" data-lotArea="10%2C000" data-lotFront="77.75" data-lotDepth="126" data-retailArea="0" data-resArea="58%2C565" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="D4" data-primaryZoning="R6" data-commercialOverlay="" data-far="2.43" data-buildable="24%2C300" data-airRights="-34%2C300" data-propertyNeighborhood="West%20Village" data-latitude="40.737885225588" data-longitude="-74.0026663200761" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F247-West-12-Street-New-York-NY-10014%5C%2F1006150086-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F247-West-12-Street-New-York-NY-10014%5C%2F1006150086-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">247 West 12th Street</a>, rendering of <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/160-Leroy-Street-New-York-NY-10014/1006010010-0" target="_blank" data-address="160%20Leroy%20Street%2C%20New%20York" data-label="160%20Leroy%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F160-Leroy-Street-New-York-NY-10014%2F1006010010-0" data-bbl="1006010010" data-blockValue="00601" data-lotValue="0010" data-zipcode="10014" data-bldgArea="0" data-bldgDepth="0" data-bldgFront="0" data-landUse="" data-lotArea="28%2C275" data-lotFront="176" data-lotDepth="200" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="Z9" data-primaryZoning="M1-5" data-commercialOverlay="" data-far="5" data-buildable="141%2C375" data-airRights="141%2C375" data-propertyNeighborhood="West%20Village" data-latitude="40.7301935422469" data-longitude="-74.010011662715" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F160-Leroy-Street-New-York-NY-10014%5C%2F1006010010-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F160-Leroy-Street-New-York-NY-10014%5C%2F1006010010-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">160 Leroy Street</a> and 211 Central Park West

From left: 247 West 12th Street, rendering of 160 Leroy Street and 211 Central Park West

There were 28 Manhattan luxury residential contracts signed at $4 million and above last week, according to Olshan Realty’s weekly market report – down from 34 contracts signed in the same period last year.

The Manhattan luxury market continued to struggle to break 30 contracts signed at $4 million above in a given week in 2016, Olshan reported, though the 28 contracts agreed between April 25-May 1 represented an improvement from only 21 contracts the previous week.

The total weekly asking price sales volume hit $191.4 million, Olshan said, with the average asking price at just over $6.8 million. The average number of days on the market was 189 days, while the average discount from original asking price stood at 5 percent.

The top contract signed last week was an eight-room duplex penthouse co-op at 247 West 12th Street in the West Village, which comes with a 1,000-square-foot landscaped roof deck and was asking just under $15 million. The penthouse is a combination of two units that were purchased for $6.2 million in 2007.

That was followed by a four-bedroom, 3,450-square-foot unit at Ian Schrager’s 160 Leroy Street in the West Village, which asked $14.5 million – down from $15.25 million when it first hit the market in January. [Olshan Realty]Rey Mashayekhi

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New York

28 contracts signed at $4M and above: Olshan

Top contract was $15M duplex penthouse at 247 West 12th Street

From left: <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/247-West-12-Street-New-York-NY-10014/1006150086-0" target="_blank" data-address="247%20West%2012%20Street%2C%20New%20York" data-label="247%20West%2012th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F247-West-12-Street-New-York-NY-10014%2F1006150086-0" data-bbl="1006150086" data-blockValue="00615" data-lotValue="0086" data-zipcode="10014" data-bldgArea="58%2C565" data-bldgDepth="126" data-bldgFront="78" data-landUse="Multifamily%20elevator%20buildings" data-lotArea="10%2C000" data-lotFront="77.75" data-lotDepth="126" data-retailArea="0" data-resArea="58%2C565" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="D4" data-primaryZoning="R6" data-commercialOverlay="" data-far="2.43" data-buildable="24%2C300" data-airRights="-34%2C300" data-propertyNeighborhood="West%20Village" data-latitude="40.737885225588" data-longitude="-74.0026663200761" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F247-West-12-Street-New-York-NY-10014%5C%2F1006150086-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F247-West-12-Street-New-York-NY-10014%5C%2F1006150086-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">247 West 12th Street</a>, rendering of <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/160-Leroy-Street-New-York-NY-10014/1006010010-0" target="_blank" data-address="160%20Leroy%20Street%2C%20New%20York" data-label="160%20Leroy%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F160-Leroy-Street-New-York-NY-10014%2F1006010010-0" data-bbl="1006010010" data-blockValue="00601" data-lotValue="0010" data-zipcode="10014" data-bldgArea="0" data-bldgDepth="0" data-bldgFront="0" data-landUse="" data-lotArea="28%2C275" data-lotFront="176" data-lotDepth="200" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="Z9" data-primaryZoning="M1-5" data-commercialOverlay="" data-far="5" data-buildable="141%2C375" data-airRights="141%2C375" data-propertyNeighborhood="West%20Village" data-latitude="40.7301935422469" data-longitude="-74.010011662715" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F160-Leroy-Street-New-York-NY-10014%5C%2F1006010010-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F160-Leroy-Street-New-York-NY-10014%5C%2F1006010010-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">160 Leroy Street</a> and 211 Central Park West

From left: 247 West 12th Street, rendering of 160 Leroy Street and 211 Central Park West

There were 28 Manhattan luxury residential contracts signed at $4 million and above last week, according to Olshan Realty’s weekly market report – down from 34 contracts signed in the same period last year.

The Manhattan luxury market continued to struggle to break 30 contracts signed at $4 million above in a given week in 2016, Olshan reported, though the 28 contracts agreed between April 25-May 1 represented an improvement from only 21 contracts the previous week.

The total weekly asking price sales volume hit $191.4 million, Olshan said, with the average asking price at just over $6.8 million. The average number of days on the market was 189 days, while the average discount from original asking price stood at 5 percent.

The top contract signed last week was an eight-room duplex penthouse co-op at 247 West 12th Street in the West Village, which comes with a 1,000-square-foot landscaped roof deck and was asking just under $15 million. The penthouse is a combination of two units that were purchased for $6.2 million in 2007.

That was followed by a four-bedroom, 3,450-square-foot unit at Ian Schrager’s 160 Leroy Street in the West Village, which asked $14.5 million – down from $15.25 million when it first hit the market in January. [Olshan Realty]Rey Mashayekhi

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