Only 12 contracts were signed last week at $4 million an above, yet another indication that the Manhattan luxury market is experiencing its worst 3rd quarter since 2012. How bad is it? By comparison, the number of contracts signed at $4 million and above in the third quarter is tracking 27% below the same period last year.

The No. 1 contract was a triplex condo called Townhouse South at 555 West End Avenue, asking $12.8 million. It has 4,903 square feet including 5 bedrooms and 5.5 bathrooms. The ground floor has a 31’ x 21’ great room, kitchen, media room, and a 19’ x 30’ garden terrace. The middle floor has 4 bedrooms, and the top floor has a 5th bedroom and laundry room. 555 West End is the former St. Agnes Boys High School that was converted into a 13-unit condo building. Amenities include a 24-hour-doorman, fitness center, ...

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