Twenty-three contracts were signed last week in Manhattan at $4 million and above, the lowest total since the end of February. There were 9 contracts with asking prices above $10 million including one deal that was above $30 million—and took the No.1 spot.
That honor goes to 36/37 at 515 Park Avenue, asking $35 million, only the 6th contract reported signed with a price tag north of $30 million so far this year. Which represents a whopping profit from the $10.710 million paid in 2000, when the owner bought it from the developer. This duplex condo has 4,927 square feet including 4 bedrooms, 4.5 bathrooms, a library, eat-in kitchen, 11.5-foot ceilings, and spectacular views of Central Park and the city. It also comes with 2 storage rooms and a wine cellar, plus a 2nd floor guest apartment facing Park Avenue that has 635 square feet.
The No. 2 contract was 16A at 21 East 61st Street, asking $17.9 million, reduced from $22 million when it went on the market in September 2013. This 3,500-square-foot, 3-bedroom unit has 4.5 bathrooms and a library, plus a 1,120-square-foot wraparound terrace. The condop faces Madison Avenue. and the master suite Central Park views. It is being sold by the sponsor/developer Extell.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 1 | 0 | 1 | 3 | Avg.Ask: $4,809,000 |
5 |
Condos | 1 | 4 | 2 | 7 | Avg.Ask: $10,980,357 Avg.$/sq.ft.: $3,227/sq.ft. Avg.Size: 3,402 sq.ft. |
14 |
Condops * | 1 | 0 | 0 | 0 | Avg.Ask: $17,900,000 Avg.$/sq.ft.: $5,114/sq.ft. Avg.Size: 3,500 sq.ft. |
1 |
Townhouses | 1 | 1 | 0 | 1 | Avg.Ask: $8,775,900 Avg.$/sq.ft.: $1,781/sq.ft. Avg.Size: 4,927 sq.ft. |
3 |
TOTALS | 4 | 5 | 3 | 11 | 23 |
CLICK HERE TO VIEW 20 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 3 CONTRACTS SIGNED ON TOWNHOUSES
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |