Forty-one contracts were signed last week in Manhattan at $4 million and above, two more than the previous week and the fourth time this year of 40 or more sales. Condos outsold co-ops, 29-7, and 4 townhouses were in the mix.
Stat Geek Alert: Year-to-date, the luxury market has been averaging 4% negotiability from the original asking price to the last asking price before a property goes to contract. Last week that stat was 0% negotiability, something not seen since 2014.
The No. 1 contract was the 46th floor at 111 West 57th Street, asking $30 million, raised from $28.5 million when it was listed off of floorplans in 2016. This condo has 4,492 square feet including 3 bedrooms and 3.5 bathrooms. A 50x21-foot great room with 14-foot ceilings overlooks Central Park. The 60-unit, 82-story building rises 1,428 feet on the former site of the Steinway & Sons piano store and is near completion. Amenities include a concierge, a fitness center, 82-foot pool, lounge, terrace, and a private dining room, plus a covered driveway entrance.
The No. 2 contract was PH30 at 301 East 80th Street, asking $27.495 million, raised from $25 million when the property was listed off of floorplans in October 2019. The penthouse has 5,452 square feet including 5 bedrooms and 7.5 bathrooms. It has 12-foot ceilings and 3 terraces that total 893 square feet. The unit is in the new Beckford Tower, a 31-story limestone condo with 72 residences designed by William Sofield. Amenities include doormen, a fitness center, a 65-foot swimming pool, half-court basketball, playroom, game room, and resident’s lounge.
. | EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals |
---|---|---|---|---|---|---|
Co-ops | 4 | 2 | 0 | 1 | Avg.Ask: $6,119,286 |
7 |
Condos | 6 | 3 | 2 | 19 | Avg.Ask: $7,765,466 Avg.$/sq.ft.: $3,131/sq.ft. Avg.Size: $2,480 sq.ft. |
30 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 0 | 2 | 0 | 2 | Avg.Ask: $7,998,750 Avg.$/sq.ft.: $1,369/sq.ft. Avg.Size: 5,845 sq.ft. |
4 |
TOTALS | 10 | 7 | 2 | 22 | . | 41 |
CLICK HERE TO VIEW 37 CONTRACTS SIGNED ON APARTMENTS CLICK HERE TO VIEW PAGE 2 OF 37 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 4 CONTRACTS SIGNED ON TOWNHOUSES |
Donna Olshan, President |
Emily Chen, Private Wealth Real Estate Services
|
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QUICK STATS
for the week of
April 11-17, 2022
Total Weekly Asking Price Sales Volume: $307,793,980
Average Asking Price: $7,507,170
Median Asking Price: $4,998,000
Average Discount from Original Ask to Last Asking Price: 0%
Average Days on Market: 541