The dog days of August seem to have arrived a little early this year, at least in the Manhattan luxury real estate market. Only 17 contracts were signed last week at $4 million and above—one less than the previous week, which was nothing to shout about. Ten of the 15 condos that sold were in new developments; some of them went on the market several years ago.
The No. 1 contract was a brownstone at 451 West 24th Street, asking $13.75 million that sold within a month of listing. This 21-foot-wide, 4-story house was purchased in 2007 for $4.4 million, and then underwent a multi-year renovation that expanded the building to 5,000 square feet including 4 bedrooms, 3 bathrooms, 2 powder rooms, a terrace off the master suite, and a landscaped garden. Architect Winka Dubbeldam delivered a high level of design that incorporated contemporary details including a rear glass façade and a glass-enclosed staircase.
The No. 2 contract was 31/32E at 10 West Street, asking $11.5 million, reduced from $13.525 million when it went on the market in April 2015. This 5,088-square-foot duplex in the Ritz Carlton condominium has breathtaking views of New York Harbor and the Statue of Liberty. It has 5 bedrooms, 6 bathrooms, an eat-in kitchen, and a media room. Building amenities include a spa/gym, maid service, and valet parking.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 0 | 0 | 1 | 0 | Avg.Ask: $9,775,000 |
1 |
Condos | 2 | 1 | 3 | 9 | Avg.Ask: $6,323,667 Avg.$/sq.ft.: $2,487/sq.ft. Avg.Size: 2,542sq.ft. |
15 |
Condops * | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 0 | 0 | 0 | 1 | Avg.Ask: $13,750,000 Avg.$/sq.ft.: $2,750/sq.ft.. Avg.Size: 5,000 sq.ft. |
1 |
TOTALS | 2 | 1 | 4 | 10 | 17 |
CLICK HERE TO VIEW 16 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 1 CONTRACTS SIGNED ON TOWNHOUSES
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |