There were 27 deals last week in Manhattan’s luxury market: Olshan

Priciest deal was for $58M at a unit in 212 Fifth Avenue, the most expensive contract of the year

212 Fifth Avenue and 134 East 74th Street 
212 Fifth Avenue and 134 East 74th Street

Manhattan’s luxury market saw 27 contracts signed last week for a total of about $291 million, according to the latest report from Olshan Realty. The contracts included the most expensive deal of the year so far.

The contracts signed at $4 million or above were split between 16 condos, nine co-ops and two townhouses.

Sales volume and dollar volume were both up from the week before, when the market saw 23 deals for about $207 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.

The top sale last week was for the penthouse at 212 Fifth Avenue, which had an asking price of $58 million. This was a 21 percent reduction from its original asking price in October 2015 of $73.8 million. But still, the five-bedroom, 10,000-square-foot triplex is the highest priced contract of the year so far.

Second place went to a townhouse at 134 East 74th Street, which had an asking price of $29.5 million. The owner bought the house in 2008 for $12 million, and it was previously listed in 2011 for $26 million before getting pulled from the market. The seven-bedroom house spans 9,800 square feet and has been under construction for years. It is being sold partially finished.

Other contracts signed last week included a condo at 42 Crosby Street for about $25 million and a co-op at 240 Centre Street for $12.75 million. The properties spent an average of 422 days on the market last week and had an average discount of 13 percent from the original to the final asking price. [Olshan] – Eddie Small