The Manhattan luxury real estate market ended the year not with a bang—but not with a whimper either. Fifteen contracts were signed last week at $4 million and above, a decent total for a Christmas-New Year’s week.
The No.1 contract was 18B at 1049 Fifth Avenue, asking $12.5 million. This 3-bedroom, 3.5-bathroom condo has 2,925 square feet, and was sold with a separate guest room/office. The living room measures 15’ x 29’ and faces Central Park. The unit last traded in 2012 for $10 million.
The No. 2 contract was 15B at 212 Fifth Avenue, asking $9.1 million. The corner unit has 3,078 square feet including 3 bedrooms and 3.5 bathrooms, and features a 29’ x 21’ great room with 10.5-foot ceilings. The living room and master have views of Madison Square Park. 212 Fifth Avenue is a prewar office building that is being converted to a 48-unit condo. Amenities include a doorman, concierge, fitness center, children’s playroom, storage, and valet parking.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 2 | 2 | 0 | 0 | Avg.Ask: $6,589,750 |
4 |
Condos | 2 | 2 | 2 | 4 | Avg.Ask: $7,096,598 Avg.$/sq.ft.: $2,849/sq.ft. Avg.Size: 2,491 sq.ft. |
10 |
Condops * | 1 | 0 | 0 | 0 | Avg.Ask: $4,200,000 Avg.$/sq.ft.: $1,398/sq.ft. Avg.Size: 3,005 sq.ft. |
1 |
Townhouses | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: . Avg.Size: |
0 |
TOTALS | 5 | 4 | 2 | 4 | 15 |
CLICK HERE TO VIEW 15 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 0 CONTRACTS SIGNED ON TOWNHOUSES
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |