There were 22 deals last week in Manhattan’s luxury market: Olshan
Priciest deal was for $19M for a unit at 1 Central Park West/Trump International
Manhattan’s luxury market saw 22 contracts signed last week for a total of about $195 million, according to the latest report from Olshan Realty.
The contracts signed at $4 million or above were split between 16 condominiums, four townhouses and two co-ops.
Sales and dollar volume were both up from the week before, when the market saw 20 contracts signed for about $160 million. This marked the eighth week in a row with 20 or more sales.
The top sale last week was for a unit at 1 Central Park West, which was asking slightly less than $19 million. The Trump International unit was reduced from $30 million when it initially hit the market in September 2017. The four-bedroom unit spans 4,415 square feet, and the owner bought it in April 2013 for $16.25 million.
Second place went to a penthouse at 30 Riverside Boulevard, which was asking $18 million. The four-bedroom unit spans 4,694 square feet and is the most expensive contract so far in 2 Waterline Square, part of the Waterline Square complex being developed between 59th and 61st streets on Riverside.
Other contracts signed last week included a townhouse at 60 West 9th Street for $11.5 million and a co-op at 995 Fifth Avenue for $11.2 million. The properties spent an average of 491 days on the market last week and had an average discount of 15 percent from the original to the final asking price. [Olshan] – Eddie Small