Manhattan luxury contracts take a turkey break 

Fifth Avenue co-op and West Village townhouse topped market’s holiday week dip

Manhattan Luxury Contracts
920 Fifth Avenue and J. Roger Erickson of Douglas Elliman and 112 Waverly Place with Corcoran’s Randy Baruh(Google Maps, Corcoran, Douglas Elliman)

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. 

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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. 

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This article has been updated with broker information for 112 Waverly Place.