OLSHAN LUXURY MARKET REPORT

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March 16-22, 2015

Report on Contracts Signed
NYC Residential Properties
$4 Million and Above

39 Contracts Signed

Pop Quiz: The No. 1 property sold last week was owned by a pair of celebrities. She got her start as a kid on Broadway, and he famously played hooky from school.

Time’s up. Of the 39 contracts signed last week at $4 million and above, the No.1 property was a townhouse owned by Sarah Jessica Parker and Matthew Broderick. This 25-foot house, at 20 East 10th Street, had an asking price of $19,950 million, reduced from $24,995 million when it went on the market in September 2012. The couple purchased the house for $18,995,000 in March 2011. It has 6,800 square feet including 6 bedrooms and 7 wood-burning fireplaces. The ground-floor kitchen opens to a split-level garden. The house does not have an elevator.

The No. 2 contract was PH17E at 135 East 79th Street, asking $17.75 million, reduced from $19 million when it went on the market in September 2012. The last of 30 units sold by the developer, the Brodsky Organization, this 4,476-square-foot duplex has 4 bedrooms and 5.5 baths. 135 East 79th Street was designed by William Sofield, and is one of the most outstanding new condos to rise on the Upper East Side in recent years. Modeled after prewar buildings, the façade is a handsome limestone-and-brick design with a few accents of cast iron. Amenities include a doorman, concierge, fitness center, resident’s lounge, and a landscaped courtyard.

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
March 16-22, 2015

East

West

Midtown

Downtown

Asking $/sq.ft.

Totals

Co-ops

7

1

0

1

Avg.Asking:$7,223,889

9

Condos

3

1

5

16

Avg.Asking: $7,706,600
Avg.$/sq.ft.:$2,920/sq.ft.
Avg.Size: 2,640sq.ft.

25

Condops *

0

0

0

1

Avg.Asking:$6,900,000
Avg.$/sq.ft.:$2,309/sq.ft.
Avg.Size: 2,988sq.ft.

1

Townhouses

0

1

0

3

Avg.Asking:$12,848,750
Avg.$/sq.ft.:$2,249/sq.ft.
Avg.Size:5,714sq.ft.

4

Totals

10

3

5

21

39

Total Weekly Asking Price Sales Volume: $315,975,000
Average Asking Price: $8,101,923
Median Asking Price: $6,350,000
Average Discount from Original Ask to Last Asking Price:3%
Average Days on Market:214
*Condop is a co-op with condo rules.

TO VIEW 35 CONTRACTS SIGNED ON APARTMENTS:
Please click here to view the listings. If that doesn't work, please copy and paste the following address into your browser. Alternatively, you can Press Control and Click on the link below:
http://media.realplusonline.com/webreports/150522fc012290.htm
http://media.realplusonline.com/webreports/15052127eaadbe.htm

TO VIEW 4 CONTRACTS SIGNED ON TOWNHOUSES:
Please click here to view the listings. If that doesn't work, please copy and paste the following address into your browser. Alternatively, you can Press Control and Click on the link below:
http://media.realplusonline.com/webreports/150521533a4e54.htm

Donna Olshan
President
dso@olshan.com

Emily Chen
Private Wealth Real Estate Services
Chief of Research
ecc@olshan.com

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