Bombogenesis discombobulated the weather in Manhattan last week, and it also iced the luxury real estate market. Only 12 contracts were signed at $4 million and above, the lowest total for the first week of a new year since 2012.
The No.1 contract was 5E at 10 Madison Square West (a.k.a 1107 Broadway), asking $10.5 million, reduced by $1 million when it went on the market in August 2017. The corner unit has 2,871 square feet including 3 bedrooms and 3.5 bathrooms. The living room, kitchen, and master bedroom face Madison Square Park. The seller originally signed a contract in July 2013 when the building was being constructed and closed in March 2016 for $8,655,125. Amenities include a 10,000-square-foot fitness area with a 50-foot lap pool.
The No. 2 contract was 29C at 1 West End Avenue, asking $8.950 million. The unit has 3,917 square feet including 4 bedrooms, 4.5 bathrooms, and 11-foot ceilings. This new condo building offers a robust amenity package including a fitness center, a 75-foot pool, 12,000 square feet of terraces with cabanas and an outdoor kitchen, a children’s playroom, and a garage.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 1 | 3 | 0 | 1 | Avg.Ask: $5,278,000 |
5 |
Condos | 0 | 2 | 0 | 5 | Avg.Ask: $7,356,429 Avg.$/sq.ft.: $2,602/sq.ft. Avg.Size: 2,827 sq.ft. |
7 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 | ||||
TOTALS | 1 | 5 | 0 | 6 | 12 |
CLICK HERE TO VIEW 12 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 0 CONTRACTS SIGNED ON TOWNHOUSES |
Donna Olshan, President |
Emily Chen, Private Wealth Real Estate Services
|
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |