New development sales sparked a busy start to October in Manhattan’s luxury market.
Buyers signed contracts for 30 homes in the borough asking $4 million or more last week, up from just 18 deals inked in the previous period, according to Olshan Realty’s weekly report.
The total included 22 condos, 17 of which were sold by sponsors, marking the highest number of new development contracts since May 2022. The other properties included seven co-ops and a townhouse.
Though new development condos led the charge last week, they didn’t crack the top two spots. The priciest deals instead went to a West Village penthouse and a Lenox Hill co-op.
Unit PH9A at 90 Morton Street, asking just under $18 million, was the most expensive home to enter contract. The condo, which asked $23 million when it hit the market in March, spans 3,700 square feet and has three bedrooms and three bathrooms.
The apartment last traded for $12 million in 2020. It also features two landscaped terraces with views of the city and the Hudson River and a chef’s kitchen.
The Modlin Group’s Maggie Gold Seelig had the listing.
Other condos in the 28-unit building have crowned weekly luxury contract reports, including in September 2020, when two apartments landed in the top spots. The most expensive that week was a duplex penthouse spanning the 11th and 12th floors that was last asking $33 million.
The 12-story building was developed by Brack Capital Real Estate with sales launching in 2018. Its amenities include a covered driveway, fitness center, pool and rooftop terrace with an outdoor kitchen.
The second most expensive home to find a buyer was a co-op at 765 Park Avenue, with an asking price just under $15 million. The apartment spans 14 rooms, including four bedrooms and five bathrooms.
Unit 7B hit the market roughly three years ago with a $17 million asking price. It also features a library, four fireplaces and a 33-foot corner living room.
Brown Harris Stevens’ John Burger had the listing.
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Producer and screenwriter Shonda Rhimes, known for creating shows like “Grey’s Anatomy” and “Scandal,” paid nearly $12 million for a penthouse at the co-op in 2018. Amenities at the building include a doorman and a gym.
The homes’ combined asking price was $237 million, which works out to an average price of $8 million and a median of $7 million. The typical home spent 540 days on the market and received an 11 percent discount.