Fifteen households with a lot to be thankful for inked deals during the holiday week for Manhattan homes large enough to host next year’s family feast.
That’s on par with the 10-year Thanksgiving week average of 16 signed contracts for Manhattan residences listed for $4 million or more, according to a weekly report by Olshan Realty.
The priciest home to enter into contract was a townhouse at 15 East 90th Street asking $29.5 million. The seller bought the red-brick, neo-Federal house in January 2020 for $14.3 million, completed a renovation this year and put it on the market in July.
It was a fast turnaround, given that high-priced units take more than two years to sell, on average.
The five-story, 25.5-foot wide house was built in 1928 by architect Mott Brooshovft Schmidt. Spanning 12,000 square feet, it has five bedrooms, five and a half bathrooms, an elevator, two gyms, a garden and a terrace off the top floor.
Read more
Residential
New York
“124th floor” at Central Park Tower tops Manhattan luxury contracts
Residential
New York
Quirky homes top Manhattan’s luxury contracts
Residential
New York
Chetrit-developed Gramercy condo leads Manhattan luxury contracts
The second priciest home to find a buyer was PHW at DDG Partners’ 325 West Broadway. It is a sponsor unit asking $18.5 million, raised from $17.5 million when it started marketing off floor plans six years ago.
The condo unit has nearly 4,500 square feet, including four bedrooms and four and a half bathrooms. The great room, dining room and primary bedroom open onto a 700-square-foot landscaped terrace.
Of the 15 luxury contracts signed last week, 13 were for condos and two were for townhouses. High-priced co-ops got the cold shoulder.
The units spent an average of 827 days on the market, with an average discount of 6 percent. The median asking price was $6.5 million and the average was $8.8 million.