Twenty-seven contracts were signed last week at $4 million and above, another solid performance in the Manhattan luxury real estate market since the middle of February. Condos outsold co-ops, 14-11, and 2 townhouses were in the mix. It was the highest number of co-op sales since the last week in May 2018.
The No.1 contract was Apartment 46AB at 151 East 58th Street, asking $24.9 million, reduced by $1 million when it went on the market a year ago. The seller was Jack Welch, the 83-year-old former chairman and CEO of General Electric. This 5,782-square-foot unit includes 4 bedrooms, 3.5 bathrooms, 11-foot ceilings, and spectacular views of Central Park and the East River. It is in the Beacon Court condo with amenities that include a concierge, fitness center, business/conference facilities, and valet parking.
The No. 2 contract was the 4th floor at 145 West 11th Street, asking $17.85 million, which sold within 90 days. The full floor has 4,529 square feet including 4 bedrooms, 4.5 bathrooms, a 35-foot living room, a 23-foot eat-in kitchen, a library, and media room. The owner paid $16,320,623 in October 2015. It is in the Greenwich Lane condo, a 5-building complex comprised of 193 condos and 5 townhouses. Amenities include a concierge, doorman, parking, fitness center, a 25-meter swimming pool, golf simulator, garden, residents’ lounge, and children’s playroom.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 8 | 2 | 0 | 1 | Avg.Ask: $7,328,636 |
11 |
Condos | 1 | 2 | 2 | 9 | Avg.Ask: $8,807,714 Avg.$/sq.ft.: $2,960/sq.ft. Avg.Size: 2,975 sq.ft. |
14 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: $4,647,500 Avg.$/sq.ft.: $1,423/sq.ft. Avg.Size: 3,265 sq.ft. |
2 | ||||
TOTALS | 10 | 4 | 2 | 11 | 27 |
CLICK HERE TO VIEW 25 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 2 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 |