Manhattan’s luxe resi market logs 16 contracts: Olshan
Count is down from previous week
After a flurry of luxury residential contracts were signed at the end of August, the final week of the month saw a less flashy 16 deals, according to Olshan Realty’s weekly market report.
From Aug. 27 to Sept. 2, 16 contracts priced at $4 million and up were signed, according to Olshan. The most expensive contract was for a six-bedroom unit at 13 Harrison Street with an asking price of $11.5 million. But the apartment seems to have sold at a loss: The owner paid $13.65 million for the unit in 2007.
For the week, the median asking price of units that went in contract was $6.99 million, according to Olshan. The previous week — Aug. 20 through 26 — saw a “dazzling” 24 contracts at an average of $5.9 million. [Olshan] — Kathryn Brenzel