Twenty-nine contracts were signed last week at $4 million and above, a nice bounce back from the Thanksgiving week when 15 were signed. Eleven contracts were on properties with asking prices north of $10 million.
The No.1 contract was 28 West 76th Street, asking $15.95 million, reduced from $17.95 million when it went on the market in February. This 5-story, 20-foot-wide brownstone has 7,750 square feet including a ground-floor unit with 2 bedrooms, 2 bathrooms and a landscaped garden with a fire pit and basketball hoop. Upstairs has 5 bedrooms, 4 bathrooms, and 3 terraces including one on the rooftop. The owners paid $4.6 million for the house in 2006 and then gut-renovated it, but did not install an elevator.
The No. 2 slot is a tie between a co-op, 16/17C at 784 Park Avenue, and a townhouse at 20 Sullivan Street—both asking $14.995 million. The duplex co-op sold within 6 weeks of listing. It has baronial size rooms including 5 bedrooms, 5.5 bathrooms, 2 terraces, a fireplace, a loggia, a conservatory, and north and west city views with peeks of Central Park.
The townhouse at 20 Sullivan Street, also asking $14.995 million, was reduced from $20.795 million when it entered the market in February 2015 as part of the adjoining 10 Sullivan Street, a new condo development with amenities that include a doorman, gym, and garage. The new 5-story house is 25-feet-wide with 6,353 square feet including 5 bedrooms, 4.5 bathrooms, and an elevator. It has a garden, a terrace off the master suite, and a rooftop outfitted with an outdoor kitchen and fireplace.
East | West | Midtown | Downtown | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 3 | 2 | 1 | 1 | Avg.Ask: $6,820,000 |
7 |
Condos | 1 | 2 | 4 | 10 | Avg.Ask: $9,030,000 Avg.$/sq.ft.: $3,060/sq.ft. Avg.Size: 2,951 sq.ft. |
17 |
Condops * | 1 | 0 | 0 | 0 | Avg.Ask: $4,295,000 Avg.$/sq.ft.: $2,603/sq.ft. Avg.Size: 1,650 sq.ft. |
1 |
Townhouses | 1 | 1 | 1 | 1 | Avg.Ask: $10,255,000 Avg.$/sq.ft.: $1,781/sq.ft.. Avg.Size: 5,760 sq.ft. |
4 |
TOTALS | 6 | 5 | 6 | 12 | 29 |
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CLICK HERE TO VIEW 4 CONTRACTS SIGNED ON TOWNHOUSES
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |