Manhattan luxury contracts take a turkey break
Fifth Avenue co-op and West Village townhouse topped market’s holiday week dip
Manhattan’s luxury market appeared to take hold of the holiday week, dipping below a decade-long mark for the period.
Last week’s signed contracts totaled half of the previous week and came in under the 10-year average for homes in the borough asking $4 million, according to Olshan Realty.
The most expensive home that entered contract last week was a co-op at 920 Fifth Avenue, on the corner of East 73rd Street. Unit 14/15 AD asked $23.5 million, down from $26.9 million when it first listed in 2021.
The five-bedroom, 5.5-bathroom duplex on the building’s top floor has two bedrooms overlooking Central Park and two rooms with fireplaces.
Monthly maintenance is $17,400 on the unit, which needs to be renovated. Building amenities include a doorman and fitness center.
Douglas Elliman’s J.Roger Erickson had the listing.
The second most expensive home to enter contract last week was 112 Waverly Place, with an asking price of $13.5 million.
The Greenwich Village property previously asked $15.5 million when it first listed in May. The four-story, 22-foot-wide townhouse spans 6,300 square feet, has been split into four units and has a roof terrace.
Corcoran’s Randy Baruh had the listing with Meris and Kenny Blumstein.
Of the 12 homes to enter contract last week, eight were condos, two were co-ops and two were townhouses.
The combined asking price of the homes was $109.3 million, which works out to an average asking price of $9.1 million and a median asking price of $6.9 million. The typical home spent 429 days on the market and received a 6 percent discount.
This article has been updated with broker information for 112 Waverly Place.