Manhattan’s luxury market recorded 26 contracts last week: Olshan

Haul is second-best for an Easter week since 2006

1125 Fifth Avenue and 212 Fifth Avenue
1125 Fifth Avenue and 212 Fifth Avenue

Manhattan’s luxury rental market recorded 26 contracts at $4 million and above last week, according to Olshan Realty’s weekly market report. That was the second-best total on record for an Easter Week since Olshan began keeping track in 2006.

And co-ops had a particularly strong week with nine contracts, the largest figure since mid-November.

An 11-room co-op at 1125 Fifth Avenue took the No. 1 spot for the week, with an asking price of $20 million. The 14th floor unit has 5 bedrooms, 5 baths and huge picture windows overlooking Central Park and the reservoir.

Disney CEO Bob Iger earlier this year sold his 7th floor co-op in the building for $18.8 million.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Madison Equities, Building and Land Technology and Thor Equities condominium redevelopment of 212 Fifth Avenue notched the week’s second-priciest contract: a 4,155-square-foot unit asking $18.1 million.

The developers have a $74 million penthouse in the building they’re marketing.

The week’s asking price sales volume for luxury homes totaled $182.81 million, with a median asking price of $5.83 million. Luxury homes spent an average of 383 days on the market, with an average discount of 3 percent from the original ask to the final asking price. [Olshan Realty] – Rich Bockmann