Twenty-four contracts were signed last week at $4 million and above, but here’s the big headline: That makes 50 contracts signed in the first two weeks of 2017, tying 2014 as the best start of a new year since we started keeping score 11 years ago.
The No.1 contract was the Penthouse at 10 Sullivan Street, asking $27.5 million, which Bloomberg had reported to be in contract for $25 million. The new condo has 5,503 square feet including 5 bedrooms, 5 bathrooms, 2 powder rooms, and terraces totaling 1,378 square feet. The apartment features a living room with over 20-foot ceilings and a roof terrace. It was originally 8,400 square feet, asking $45 million, and the developer decided to carve it into 2 units. The other penthouse remains for sale at $10 million for 3 bedrooms with 2,950 square feet.
The No. 2 contract was a townhouse at 132 East 71st Street, asking $21 million, reduced from $25 million when it went on the market in September 2014. This 6-story, 22-foot-wide house has 9000 square feet including 6 bedrooms, 6 bathrooms, 2 powder rooms, 6 fireplaces, and an elevator. It is being sold by an estate, and was held in the same family for 40 years. The house is in need of renovation.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 3 | 0 | 0 | 0 | Avg.Ask: $7,235,000 |
3 |
Condos | 2 | 2 | 1 | 10 | Avg.Ask: $6,927,000 Avg.$/sq.ft.: $2,725/sq.ft. Avg.Size: 2,542 sq.ft. |
15 |
Condops * | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 1 | 2 | 0 | 3 | Avg.Ask: $9,789,167 Avg.$/sq.ft.: $1,686/sq.ft.. Avg.Size: 5,807 sq.ft. |
6 |
TOTALS | 6 | 4 | 1 | 13 | 24 |
CLICK HERE TO VIEW 18 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 6 CONTRACTS SIGNED ON TOWNHOUSES
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |