Eleven contracts were signed last week at $4 million and above. You might think that was a turkey of a Thanksgiving week, but you’d be wrong: That total of 11 signed contracts was only one less than last year and one more than 2015, which was a stellar year in the luxury market.
The No.1 contract was 62A at 432 Park Avenue, asking $26.995 million, reduced from $28 million when it was listed in May. The condo has 4,019 square feet including 3 bedrooms, 4.5 bathrooms, and a library. It has 12.5’ ceilings and windows that measure 10’ x 10’, affording south, east, and north views of Central Park. Monthly common charges and real estate taxes total $15,819. The owner paid $18,442,956 in June 2016 after signing a contract off of floorplans in 2012. 432 Park is 96 stories high with 106 units, a concrete-and-glass edifice designed by Rafael Vinoly that is 1,396 feet tall and can be seen from almost anywhere in the 5 boroughs. Amenities include a fitness center, a 75-foot swimming pool, private dining room, parking, a garden, and a children’s playroom.
The No. 2 contract was PHE at 40 Bleecker Street, asking $15.5 million. It was the only sponsor sale in the Manhattan luxury market last week. The condo has 3,528 square feet including 4 bedrooms and 4.5 baths, plus a terrace totaling 830 square feet. Monthly common charges and taxes total $11,842. Amenities in this new 12-story, 61-unit building include a concierge, pool, 11 parking spaces, and a landscaped courtyard.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 3 | 0 | 0 | 0 | Avg.Ask: $109,474,000 |
3 |
Condos | 1 | 0 | 1 | 4 | Avg.Ask: $10,464,000 Avg.$/sq.ft.: $3,434/sq.ft. Avg.Size: 3,048 sq.ft. |
6 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: $7,495,000 Avg.$/sq.ft.: $1,595/sq.ft. Avg.Size: 4,700 sq.ft. |
2 | ||||
TOTALS | 6 | 0 | 1 | 4 | 11 |
CLICK HERE TO VIEW 9 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 |