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

37 Contracts Signed

After a tepid couple of months in the Manhattan luxury real estate market, November started out with a bang: 37 contracts were signed last week at $4 million and above.

The No. 1 contract was a townhouse at 14 East 95th Street, asking $13.9 million, reduced from $16.995 million when it went on the market in April 2014. It last sold for $14.25 million in February 2011. This 16-foot wide limestone house is in excellent condition, and has 5,739 square feet including 5 bedrooms, 5.5 bathrooms, a garden, 2 terraces, a landscaped roof, and an elevator.

The No. 2 contract was Unit 24 at 520 West 28th Street, asking $15.5 million. The apartment was sold off of floorplans in a new 39-unit condo being designed by Zaha Hadid, the London-based, Iraqi-born architect who was the first woman to win the Pritzker Prize, in 2004. The unit has 4,216 square feet with 5 bedrooms and 5.5 bathrooms, plus a terrace. Hadid’s 11-story building is a bold, contemporary design incorporating hand-crafted metal, glass curtain walls, and curved balconies--all overlooking the High Line. It is scheduled to be completed by 2017. Amenities include a 75-foot saline pool, a separate cold-plunge pool, spa and fitness facilities, and a garage that uses robotic technology instead of an attendant to park cars. (This feature has been installed in a couple of condos, and sounds cool--but I have yet to see it demonstrated.)

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
November 2-8, 2015