Twenty contracts were signed last week at $4 million and above including 5 units that broke the $10-million barrier. Those sales contributed to the highest dollar volume in the Manhattan luxury real estate market--$214,759,000--since the end of May.
The No. 1 contract was PHN at 160 Leroy Street, asking $51 million, raised from $48.5 million. The condo has 7,750 square feet including 5 bedrooms, 5 bathrooms, 2 powder rooms, 12.5-foot-high ceilings and 4 working fireplaces, plus a 4,944-square-foot rooftop terrace with an outdoor kitchen and a 27-foot swimming pool. The penthouse originally spanned the entire floor, and was offered at $80 million. But over a year ago, developer Ian Schrager decided to chop it into two units instead of waiting for a record-breaking price for Downtown. PHS sold first, going to contract at the end of June, asking $31.5 million. Designed as a spectacular undulating glass structure by the Pritzker Prize-winning architects Herzog & de Meuron, this 57-unit building has amenities that include a landscaped motor court, a doorman, concierge, parking, fitness center, pool, and children’s playroom.
The No. 2 contract was 14D at 15 Central Park West, asking $31.5 million, reduced from $38 million when it went on the market in March. This corner 4-bedroom, 4.5-bathroom condo has 4,170 square feet. A 30-foot living room and the master suite face Central Park. It was purchased in 2007 from the sponsor for $21,274,663. 15 Central Park West is one of the most expensive condos in New York. It is a limestone structure designed by Robert A.M. Stern with a host of amenities including a 14,000-square-foot fitness center that has a 75-foot pool; it also features a private restaurant for residents only, a landscaped motor court and garage, library, business center, game room, outdoor terrace, and children’s playroom.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 1 | 1 | 0 | 2 | Avg.Ask: $9,998,500 |
4 |
Condos | 2 | 5 | 1 | 6 | Avg.Ask: $11,347,500 Avg.$/sq.ft.: $3,760/sq.ft. Avg.Size: 3,018 sq.ft. |
14 |
Condops * | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 0 | 1 | 1 | 0 | Avg.Ask: $7,950,000 Avg.$/sq.ft.: $1,663/sq.ft.. Avg.Size: 4782 sq.ft. |
2 |
TOTALS | 3 | 7 | 2 | 8 | 20 |
CLICK HERE TO VIEW 18 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 2 CONTRACTS SIGNED ON TOWNHOUSES
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |