Fourteen contracts were signed last week at $4 million and above, 1 fewer than the previous Thanksgiving week. Condos outsold co-ops, 12-1, and 1 townhouse was in the mix. Despite the lackluster performance, there was impressive action at the top: 4 contracts were signed asking over $20 million.

Stat Geek Alert: For well over a decade now, the co-op market has underperformed the condo market, and this alarming stat drives home the point: Only 1 co-op has gone to contract in Manhattan at $4 million and above in the last 2 weeks.

The No. 1 contract was a combination of two apartments sold off of floorplans: 47S and 47N at 50 West 66th Street, asking a total of $45.5 million. The condo has 6,965 square feet including 5 bedrooms and 5.5 bathrooms, an office, home theater, and a 24’ x 23’ eat-in kitchen. It features a ...

...GET MORE >