Fourteen contracts were signed last week at $4 million and above in Manhattan, two fewer than the previous week. You can blame that lackluster total on the continuing rise in interest rates and another disastrous week in the stock market. Another complication: a two-day Jewish holiday, which typically creates a lull in the action.
The No. 1 contract was 57A at 23 East 22nd Street, asking $16 million. The 3-bedroom, 3.5-bathroom unit has 3,310 square feet and sweeping views of the Empire State Building, Madison Square Park, and the city. This One Madison condo is owned by media mogul Rupert Murdoch, who bought the apartment for $14,927,000 in 2014. Above the 57th floor, he is also selling a triplex penthouse, asking $58 million. Amenities in the building include a doorman, concierge, a fitness center with an indoor pool, steam room, lounge, screening room, and a private dining room.
The No. 2 contract was 46B at 217 West 57th Street, asking $14,075,000, reduced from $15,636,00, the original offering-plan price. This 3-bedroom, 3.5-bathroom condo has 2,640 square feet with views of Central Park from the living room/dining area. The unit is in Central Park Tower, a 1,550-foot-tall skyscraper with 179 units that started marketing in 2018 as the world’s tallest residential building. Over 50,000 square feet of amenities include indoor and outdoor pools, a fitness center, a children’s playroom, and a club room on the 100th floor that includes a ballroom, bar, dining facilities, and a cigar lounge. Year-to-date, 23 units have closed averaging $5,228/sq.ft. with an average size of 3,055 sq.ft.
. | EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals |
---|---|---|---|---|---|---|
Co-ops | 4 | 1 | 0 | 3 | Avg.Ask: $6,435,500 |
8 |
Condos | 1 | 0 | 1 | 4 | Avg.Ask: $10,703,333 Avg.$/sq.ft.: $3,491/sq.ft. Avg.Size: 3,066 sq.ft. |
6 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
TOTALS | 5 | 1 | 1 | 7 | . | 14 |
CLICK HERE TO VIEW 14 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 0 CONTRACTS SIGNED ON TOWNHOUSES |
Donna Olshan, President |
Emily Chen, Private Wealth Real Estate Services
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QUICK STATS
for the week of
September 26-October 2, 2022
Total Weekly Asking Price Sales Volume: $115,704,000
Average Asking Price: $8,264,571
Median Asking Price: $6,245,000
Average Discount from Original Ask to Last Asking Price: 6%
Average Days on Market: 291