Manhattan Luxury Contracts Rolled In Election Week

As voters cast their ballots and election results rolled in, Manhattan enjoyed a banner week of buyers locking down luxury properties.

Across the borough, 39 homes asking $4 million or more snagged signed contracts between Nov. 4 and Nov. 10, marking the largest number of properties since March, according to Olshan Realty’s weekly report.

Up from 26 in the previous week, the total included 14 inked deals for co-ops — the highest weekly total for the property type since November 2021. The remainder of the deals were for 23 condos and two townhouses.

The most expensive home to land a signed contract was a penthouse at 247 West 12th Street, asking $16 million. The triplex co-op spans 4,200 square feet and has four bedrooms and three bathrooms. It also features a rooftop terrace with an outdoor kitchen and two deeded parking spaces.

Unit PHB hit the market at the end of April asking just under $18 million. The seller renovated the apartment after purchasing it for $15 million in 2016. Amenities in the 24-unit building, known as Greenwich House, include a doorman and superintendent.

Sotheby’s International’s Jeremy Stein had the listing.

The second priciest home to enter contract was 11 Bank Street, with an asking price of $15 million — a far cry from the $21 million it asked when it hit the market in January.

The 24-foot-wide townhouse, which has been owned by the same family for 60 years, spans five stories and is divided into four rental apartments. One of the apartments is vacant, while the other three leases are set to expire in the next 18 months. Built in 1845, the home also features a garden.

Douglas Elliman’s Leslie Mason had the listing.

The homes’ combined asking price was about $261 million, which works out to an average price of $6.7 million and a median of $6.2 million. The typical home spent 625 days on the market and was discounted 9 percent from the initial asking price.