The Manhattan luxury market’s streak of topping 20 weekly sales is over

Market saw 15 contracts signed last week for about $118M

Manhattan’s luxury market saw 15 contracts signed last week for a total of about $118 million, ending its streak of topping 20 sales at three weeks, according to the latest report from Olshan Realty.

The contracts signed at $4 million or above were split between 10 condominiums and five co-ops. The number of contracts decreased by seven from the week before, and the dollar volume decreased by about $97 million.

The top contract last week was for a condo at 2 Park Place, which was asking about $21.3 million. The four-bedroom unit in the historic Woolworth Building spans 6,095 square feet. It was listed back in 2014-15 and then returned to the market in 2017 after getting pulled for renovations.

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The second priciest deal was for a co-op at 960 Park Avenue, which had an asking price of $14.5 million. The six-bedroom co-op includes a library and two fireplaces.

Other contracts signed last week included a roughly $13.5 million condo at 7 Hubert Street and a roughly $7.5 million co-op at 925 Park Avenue.

The properties spent an average of 576 days on the market and had an average discount of 13 percent from the original to the final asking price. [Olshan Realty] – Eddie Small

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The Manhattan luxury market’s streak of topping 20 weekly sales is over

Market saw 15 contracts signed last week for about $118M

Manhattan’s luxury market saw 15 contracts signed last week for a total of about $118 million, ending its streak of topping 20 sales at three weeks, according to the latest report from Olshan Realty.

The contracts signed at $4 million or above were split between 10 condominiums and five co-ops. The number of contracts decreased by seven from the week before, and the dollar volume decreased by about $97 million.

The top contract last week was for a condo at 2 Park Place, which was asking about $21.3 million. The four-bedroom unit in the historic Woolworth Building spans 6,095 square feet. It was listed back in 2014-15 and then returned to the market in 2017 after getting pulled for renovations.

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.

The second priciest deal was for a co-op at 960 Park Avenue, which had an asking price of $14.5 million. The six-bedroom co-op includes a library and two fireplaces.

Other contracts signed last week included a roughly $13.5 million condo at 7 Hubert Street and a roughly $7.5 million co-op at 925 Park Avenue.

The properties spent an average of 576 days on the market and had an average discount of 13 percent from the original to the final asking price. [Olshan Realty] – Eddie Small

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