Only 11 contracts were signed last week in Manhattan at $4 million and above, a typically slow week due to the Jewish High Holy Day of Yom Kippur. In a highly unusual event, co-ops outsold condos, 6-5.
Stat Geek Alert: Co-ops haven’t outsold condos in the Manhattan luxury market since the week of June 17-23, 2013. You read that right! Back then, the score was 13 co-ops to 12 condos.
The No. 1 contract was North 14A at 160 Leroy Street, asking $15.75 million, increased from $14.25 million when it was listed in 2016; at that time, it was marketed off of floorplans. The building, now completed, this 3,562-square foot unit has 5-bedrooms, 4.5 bathrooms, 12.5-foot high ceilings, and a 41-foot great room with a fireplace and views of the Hudson River. The 49-unit condo was designed as a spectacular undulating glass structure by the Pritzker Prize-winning architects Herzog & de Meuron. Amenities include a landscaped motor court, a doorman, concierge, parking, fitness center, pool, and children’s playroom.
The No. 2 contract was PH6D at 345 West 13th Street, asking $9.5 million when it was listed at the end of July. The duplex condo has 3,599 square feet including 4 bedrooms, 4 bathrooms, and 10.5’ ceilings. Downstairs is a 28-foot living room and 3 bedrooms. Upstairs is a 4th bedroom/den that opens onto a 14’ x 33’ terrace. The owner paid $6.4 million in 2010. Monthly common charges and taxes are $11,107. The 46-unit condo loft building has a doorman.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 2 | 3 | 0 | 1 | Avg.Ask: $5,369,000 |
6 |
Condos | 0 | 0 | 1 | 4 | Avg.Ask: $9,056,600 Avg.$/sq.ft.: $2,523/sq.ft. Avg.Size: 3,589 sq.ft. |
5 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 | ||||
TOTALS | 2 | 3 | 1 | 5 | 11 |
CLICK HERE TO VIEW 11 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 |