LUXURY MARKET REPORT
April 25-May 1, 2016
LUXURY MARKET REPORT 2016


Report on Contracts Signed
NYC Residential Properties
$4 Million and Above
April 25-May 1, 2016

28 Contracts Signed

I’m not complaining about last week’s action in the Manhattan luxury real estate market, but it would be nice if we could top 30 contracts signed at $4 million and above for the first time in 2016.

Of the 28 contracts signed at $4 million and above, the No.1 contract was Penthouse B at 247 West 12th Street, asking $14.995 million. This 8-room duplex co-op has a 40-foot great room with a wood-burning fireplace and a 1,000-square-foot landscaped roof deck, outfitted with a full kitchen and sweeping views of downtown Manhattan. Penthouse B is a combination of 2 units that were purchased in 2007 for $6,175,000, then extensively renovated and designed by the architecture firm of Gluckman Tang.

The No. 2 contract was 11A South at 160 Leroy Street, asking $14.5 million, reduced from $15.25 million when it went on the market in January. This 4-bedroom, 3.5-bathroom unit has 3,450 square feet and Hudson River views. This new condo was sold off of floorplans, and is designed as a spectacular undulating glass structure by the Pritzker Prize-winning architects Herzog & de Meuron. Amenities in the 49-unit building include a landscaped motor court, a doorman, concierge, parking, fitness center, pool, and children’s playroom.



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