After an early October surge, Manhattan’s luxury home market stayed strong last week, with an Upper East Side penthouse leading the way.
Some 41 contracts for Manhattan homes asking $4 million or more were signed from Oct. 11 to Oct. 17, according to a weekly report by Olshan Realty. Forty-six had been signed the week before.
The No. 1 contract was for PH15 and PH16 at 150 East 78th Street, asking $32.75 million. The deal was for two penthouse apartments, sold to a family looking to combine them into a 7,288-square-foot expanse.
The mega-unit will have eight bedrooms, eight and a half bathrooms and two fireplaces, as well as two terraces totaling 1,484 square feet.
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The second priciest listing to go into contract was the nearby PH19 at 109 East 79th Street, asking $25.85 million. The unit has 5,561 square feet with five bedrooms and five and a half bathrooms. It features a large living room with a fireplace that opens to a 23-foot-wide balcony. The library also has a terrace.
The median asking price for the 41 luxury contracts was $6.75 million, up from $5.6 million the prior week. The homes were on the market an average of 472 days.
In the past five weeks, the average discount on Manhattan luxury properties — defined as the drop in asking price for units that found buyers — has dropped to 5 percent from 10 percent.
Overall, condos outsold co-ops 34 to four. The other three contracts consisted of a condop and two townhouses.