Twenty-one contracts were signed last week at $4 million and above, the third week in a row in which more than 20 sales were recorded. Condos outsold co-ops, 13 to 7. One townhouse, in Greenwich Village, also sold. The average days on market was 417, and properties were reduced on average by 9% off the original asking price before they went to contract.
Stat Geek Alert: The 7 co-ops that went to contract marked the highest total of co-op sales since the last week in May (when 10 sold), and all units either had a view of Central Park or a terrace.
The No.1 contract was 72C at 80 Columbus Circle, asking $17.95 million, reduced from $24.5 million when it went on the market in May 2016 (the owner paid $9,291,531 in May 2005). This Time Warner Center condo has 3,170 square feet including 4 Bedrooms and 4.5 bathrooms. The unit has Central Park views from the living room and the master bedroom, while the other bedrooms have Hudson River views. Condo amenities include a fitness center, landscaped terrace, meeting room with Central Park views, and access to the Mandarin Oriental Hotel’s pool and spa.
The No. 2 contract was 12AB at 269 West 87th Street, asking $11.350 million. The unit has 4,626 square feet including 6 bedrooms, 4.5 baths, and 3 terraces that total 1,710 square feet. It is in a new 18-story, 39-unit co-op building called The Chamberlain. Amenities include a doorman/concierge, fitness center, a multi-purpose sports court, and a garden courtyard.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 4 | 3 | 0 | 0 | Avg.Ask: $6,742,857 |
7 |
Condos | 0 | 3 | 3 | 7 | Avg.Ask: $7,542,385 Avg.$/sq.ft.: $2,723/sq.ft. Avg.Size: 2,770 sq.ft. |
13 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: $7,715,000 Avg.$/sq.ft.: $2,796/sq.ft. Avg.Size: 2,760 sq.ft. |
1 | ||||
TOTALS | 4 | 6 | 3 | 8 | 21 |
CLICK HERE TO VIEW 20 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 1 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 |