TOWN IN THE NEWS

The Saez Fromm Team's contract at 15 Union Square West ranked among the week's highest

The Real Deal, April 18, 2016



The luxury residential market in Manhattan tied for its best week of the year thus far with 28 contracts inked at $4 million or more, but still fell below the 32 contracts signed during the same period last year, according to Olshan Realty’s weekly luxury market report. It has yet to hit 30 contracts signed in a single week this year.

For the week of April 11-17, the total asking price increased to $237 million, with an average asking price of $8.5 million. The average number of days on the market was 280 days and the average discount was seven percent.

For the second time in three weeks, the No.1 slot went to a unit at 432 Park Avenue. Apartment 66B, asking $32.5 million, has 4,019 square feet including three bedrooms and 4.5 bathrooms, with views of Central Park. The condominium unit features 12.5-foot ceilings and windows that measure 10 by 10 feet. Amenities at Macklowe Properties and CIM Group’s 106-unit tower on Billionaires’ Row include a fitness center, a 75-foot pool, private dining, parking, a garden, and a children’s playroom.

The No. 2 was apartment 2/3D at 740 Park Avenue, asking $22.5 million, reduced from $32.5 million it listed for in 2014, according to records. The Real Deal reported last week that Liz Swig finally sold the duplex co-op, which has four bedrooms, 4.5 bathrooms, and three maid’s rooms, at the white-glove co-op.

http://therealdeal.com/2016/04/18/28-contracts-inked-for-4m-and-up-olshan-2/

RELATED ARTICLES




33 Irving Place, New York, NY 10003 | Phone: 212.557.6500 | Fax: 212.557.6505
© TOWN Residential, LLC. All Rights Reserved. | Terms of Use | Careers | Privacy Policy | Fair Housing