Manhattan’s luxury market notched 25 contracts last week: Olshan

Spring is off to its best start since 2015

443 Greenwich Street and 150 Wooster Street
443 Greenwich Street and 150 Wooster Street

Manhattan’s luxury residential market is off to its best spring in three years, with 25 contracts at $4 million and above recorded last week, according to Olshan Realty’s weekly market report.

The borough saw 104 contracts signed in the last four weeks for a dollar volume of $849 million, the strongest start to spring since 2015.

A triplex penthouse at celebrity-favorite 443 Greenwich Street went into contract with an asking price of $58 million. If the penthouse closes near asking price, it will go down  as one of the most expensive deals in downtown Manhattan history. The $50.9 million pad at Walker Tower currently holds the sales record, though a penthouse at 70 Vestry went into contract last summer with an asking price of $65 million.

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The 8,569-square-foot 443 Greenwich condominium has five bedrooms, 4.5 baths and a 41-foot living room.

The two remaining units at 150 Wooster Street took the No. 2 and No. 3 spots on last week’s list, asking $14.75 million and $12.95 million, respectively. Developer KUB Capital earlier this year sold a 6,700-square-foot penthouse in the building for $32.58 million.

The week’s asking price sales volume totaled $230.22 million, with a median asking price of $5.98 million. Luxury homes spent an average of 380 days on the market and had an average discount of 5 percent from the original ask to the last asking price. [Olshan Realty]Rich Bockmann