New York

Luxury market sees 37 deals, in tie for 2017’s best week yet

But luxury pads spent an average of 413 days on the market

From top: <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/520-West-28-Street-New-York-NY-10001/1006990043-0" target="_blank" data-address="520%20West%2028%20Street%2C%20New%20York" data-label="520%20West%2028th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F520-West-28-Street-New-York-NY-10001%2F1006990043-0" data-bbl="1006990043" data-blockValue="00699" data-lotValue="0043" data-zipcode="10001" data-bldgArea="150%2C112" data-bldgDepth="0" data-bldgFront="0" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="22%2C219" data-lotFront="75" data-lotDepth="98.75" data-retailArea="9%2C630" data-resArea="140%2C482" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="D6" data-primaryZoning="C6-3" data-commercialOverlay="" data-far="7.52" data-buildable="167%2C086" data-airRights="16%2C886" data-propertyNeighborhood="West%20Chelsea" data-latitude="40.7509883725946" data-longitude="-74.0030021167979" 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%2F520-West-28-Street-New-York-NY-10001%5C%2F1006990043-0%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%2F520-West-28-Street-New-York-NY-10001%5C%2F1006990043-1%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 noreferrer">520 West 28th Street</a> and 443 Greenwich Street

From top: 520 West 28th Street and 443 Greenwich Street

Say what you will about the oft-stated slowdown in the high-end residential market, but buyers scooped up 37 properties asking $4 million and up last week, in a tie for the year’s best week to date.

Of the 37 deals between May 8 and 14, 18 were in new development buildings, according to Olshan Realty’s weekly luxury market report. Last week’s average asking price was $7.2 million with condominiums outselling co-ops 26 to nine. The total weekly asking price sales volume was $266.5 million. But luxury pads spent an average of 413 days on the market.

The No. 1 contract was a 4,223-square-foot pad at the Related Companies’ 520 West 28th Street, a Zaha Hadid-designed condo/spaceship overlooking the High Line. The apartment was asking $14.5 million, or $3,433 per square foot, and it has five bedrooms and 5.5 baths with two balconies spanning 294 square feet. Building amenities include a 75-foot saline pool, cold plunge and a garage that uses robots to park cars.

The No. 2 contract was a condo at 443 Greenwich Street asking $14.4 million, or $3,646 per square foot. The 3,949-square-foot pad has four bedrooms and 4.5 baths. The former factory was converted into a 53-unit condo, where residents include Jennifer Lawrence, Harry Styles, Ryan Reynolds and Blake Lively. [Olshan] — E.B. Solomont

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New York

Luxury market sees 37 deals, in tie for 2017’s best week yet

But luxury pads spent an average of 413 days on the market

From top: <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/520-West-28-Street-New-York-NY-10001/1006990043-0" target="_blank" data-address="520%20West%2028%20Street%2C%20New%20York" data-label="520%20West%2028th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F520-West-28-Street-New-York-NY-10001%2F1006990043-0" data-bbl="1006990043" data-blockValue="00699" data-lotValue="0043" data-zipcode="10001" data-bldgArea="150%2C112" data-bldgDepth="0" data-bldgFront="0" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="22%2C219" data-lotFront="75" data-lotDepth="98.75" data-retailArea="9%2C630" data-resArea="140%2C482" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="D6" data-primaryZoning="C6-3" data-commercialOverlay="" data-far="7.52" data-buildable="167%2C086" data-airRights="16%2C886" data-propertyNeighborhood="West%20Chelsea" data-latitude="40.7509883725946" data-longitude="-74.0030021167979" 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%2F520-West-28-Street-New-York-NY-10001%5C%2F1006990043-0%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%2F520-West-28-Street-New-York-NY-10001%5C%2F1006990043-1%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 noreferrer">520 West 28th Street</a> and 443 Greenwich Street

From top: 520 West 28th Street and 443 Greenwich Street

Say what you will about the oft-stated slowdown in the high-end residential market, but buyers scooped up 37 properties asking $4 million and up last week, in a tie for the year’s best week to date.

Of the 37 deals between May 8 and 14, 18 were in new development buildings, according to Olshan Realty’s weekly luxury market report. Last week’s average asking price was $7.2 million with condominiums outselling co-ops 26 to nine. The total weekly asking price sales volume was $266.5 million. But luxury pads spent an average of 413 days on the market.

The No. 1 contract was a 4,223-square-foot pad at the Related Companies’ 520 West 28th Street, a Zaha Hadid-designed condo/spaceship overlooking the High Line. The apartment was asking $14.5 million, or $3,433 per square foot, and it has five bedrooms and 5.5 baths with two balconies spanning 294 square feet. Building amenities include a 75-foot saline pool, cold plunge and a garage that uses robots to park cars.

The No. 2 contract was a condo at 443 Greenwich Street asking $14.4 million, or $3,646 per square foot. The 3,949-square-foot pad has four bedrooms and 4.5 baths. The former factory was converted into a 53-unit condo, where residents include Jennifer Lawrence, Harry Styles, Ryan Reynolds and Blake Lively. [Olshan] — E.B. Solomont

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