Manhattan’s luxurious contract exercise hit one other peak for the yr final week, when consumers inked offers for 36 houses asking $4 million or extra.
The whole was the best for the reason that first week of June, which additionally logged 36 signed contracts for luxurious properties, based on Olshan Realty’s newest report. The pending offers, which included contracts for eight trophy properties, had been up from 28 within the previous period.
A penthouse at Naftali Group’s 255 East 77th Street was the priciest dwelling to discover a purchaser, with an asking value of $23.8 million. The total-floor unit, referred to as Penthouse D, has six bedrooms and 6 bogs unfold throughout greater than 5,500 sq. ft. It additionally options two terraces.
Gross sales on the 62-unit challenge, designed by Robert A.M. Stern, launched in September 2024. Since then, all of them have bought or entered contract, save for a single remaining penthouse, asking $37.5 million. The 7,200-square-foot condominium has seven bedrooms and a number of terraces.
A group with Compass Improvement Advertising and marketing, led by Alexa Lambert, Alison Black and Shelton Smith, heads gross sales on the challenge.
The second most costly property to land an inked deal was a rental at Hines and Pontiac Land Group’s 53 West 53rd Road, with an asking value of $21.5 million. Unit 59A spans 3,800 sq. ft and has three bedrooms and three full bogs.
The condominium is one in every of 161 on the constructing rising above the Museum of Fashionable Artwork, which incorporates facilities comparable to a health middle, lap pool, golf simulator and theater.
It has drifted on and off the market since 2015, when the constructing first started advertising and marketing its 161 models. Six years later, as a lot of its models remained unsold, the builders dropped Corcoran Sunshine from the challenge and employed a group with Douglas Elliman Improvement Advertising and marketing. The choice got here after the builders went to arbitration over a sequence of value cuts on the constructing.
Elliman continues to be heading gross sales on the challenge, with a group led by Renee Micheli, Emily Sertic, Jade Chan and Luke Matheney.
Of the 36 houses to enter contract, 19 had been condos, 13 had been co-ops and 4 had been townhouses.
The properties had been priced at a mixed $292 million, with a median of $8.1 million and a median of $6.1 million. The everyday dwelling spent greater than a yr in the marketplace and was discounted by 5 %.
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