After a particularly slow week, Manhattan’s luxury residential market saw a 58 percent jump in signed contracts, according to Olshan Realty’s latest market report.
Nineteen contracts for homes priced $4 million and up were signed last week, according to the report. The prior week only saw 12 contracts, representing the lowest total seen since the first two weeks of January.
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157 West 57th Street (Credit: Compass)
The top contract last week was for the 77th floor at Extell Development Company’s One57 at 157 West 57th Street with an asking price of $44 million. The unit was initially listed for $52 million when it went on the market in February 2017. The home spans 6,240 square feet and overlooks Central Park.
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432 Park Avenue (Credit: Douglass Elliman)
The second most expensive contract was for a unit at CIM Group and Macklowe Properties’ 432 Park Avenue with a listing price of $16.95 million. This is the seventh time this year that one of the top two spots in Olshan’s report was occupied by a unit in the Rafael Viñoly-designed tower. Last week also marked the third time this year that a home at One57 occupied the first or second spot. [Olshan Realty] — Kathryn Brenzel