Twenty-one contracts were signed last week at $4 million and above, marking the sixth straight week that sales have surpassed the 20-plus benchmark in the Manhattan luxury real estate market. Condos outsold co-ops, 17 to 4.
The No.1 contract was PHB at 20 East End Avenue, asking $27.9 million—the highest sale ever recorded on East End. The apartment is in a new condo building, designed by architect Robert A.M. Stern, that launched sales in 2015. The Penthouse has 6,292 square feet including 5 bedrooms and 5.5 bathrooms; it also has views of the East River from the living room, library, master suite, and 4th bedroom. The formal dining room opens onto a terrace, and the master bathroom has 2 Juliette balconies. There are fireplaces in the living room, master bedroom, and formal dining room. 20 East End is an elegantly-designed limestone building that has 43 units on 17 floors. Units have 11-foot ceilings, and are appointed with high-end, stylish finishes. Amenities include a concierge, drive-in motor court, a fitness center, private dining room with wine storage, a game room, and a junior lounge.
The No. 2 contract was 7B at 834 Fifth Avenue, asking $20 million. This 9-room co-op has 2 bedrooms, plus a 30-foot living room with a fireplace, a library, and a master suite, all of which overlook Central Park. The unit also has an eat-in kitchen with stairs leading up to suite of 3 staff rooms.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 3 | 1 | 0 | 0 | Avg.Ask: $10,923,750 |
4 |
Condos | 1 | 7 | 1 | 8 | Avg.Ask: $7,533,765 Avg.$/sq.ft.: $2,745/sq.ft. Avg.Size: 2,744 sq.ft. |
17 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 | ||||
TOTALS | 4 | 8 | 1 | 8 | 21 |
CLICK HERE TO VIEW 21 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 |