Offers for Manhattan luxury co-ops skilled a resurgence final week.
The borough noticed 28 contracts signed for properties asking not less than $4 million between June 15 and June 21, in line with a report from Olshan Realty. Co-ops outpaced condos, with 12 signed offers in comparison with 10 for co-ops, for the primary time because the finish of September 2022.
Consumers additionally signed contracts for 2 condops and 4 townhouses. The full contract quantity for the week was $203 million, down from the $299 million notched by the previous week’s total. Houses that went into contract final week had a median asking value of $5.8 million and a mean low cost of 10 %.
The highest contract signed final week was for a townhouse at 165 East sixty fourth Road on the Higher East Facet with a final asking value of $18.5 million.
Developed by Titanium Property Group, the brand new building limestone townhouse spans roughly 7,000 sq. ft throughout 5 tales and has six bedrooms, eight loos and a personal elevator.
The developer purchased the property for $6.8 million in September 2024 and gut-renovated the house, which comes with white oak flooring and staircases, customized crown moldings and radiant heated flooring.
Compass’ Charlie Attias, Brooke Winsness and Connor Ramage had the itemizing.
The second priciest contract signed final week was for a penthouse at 224 Mulberry Road in Nolita asking $17.5 million.
Spanning over 5,600 sq. ft, the duplex residence has 4 bedrooms and 4 loos, together with virtually 1,000 sq. ft of personal outside area unfold throughout 4 personal terraces.
The house additionally has two fireplaces, two deeded parking areas and keyed elevator entry.
The house last sold for $21 million in 2015, in line with public data.
Developed by Flank and designed by Hill West Architects, the restored boutique condominium was initially in-built 1926. Facilities embrace a health middle, personal storage with valet and landscaped roof terrace.
Douglas Elliman’s Lauren Muss and Corcoran’s Deborah Kern had the itemizing.
Learn extra
Luxe buyers signed 19 contracts at $4M and up: Olshan report
Flank’s 224 Mulberry could set new price record for Nolita
Manhattan’s luxury market cools off after hitting year high
