October 22-28, 2018
21 Contracts Signed
Twenty-one contracts were signed last week at $4 million and above, fueled once again by discounts. The average price was slashed by 17% off the original asking price before a property went to contract. The average days on the market swelled to 541.
The No.1 contract was 58/59B at 252 East 57th Street, asking $13.875 million, reduced from $14.875 when it was listed off of floorplans in September 2014 by the developer. Now completed, the duplex condo has 4,516 square feet with 5 bedrooms and 5.5 bathrooms, and a 40-foot living room featuring spectacular views of Central Park and the East River. It also has 11-foot-high ceilings. The building was designed by Skidmore, Owings & Merrill, and amenities include a concierge, garage, fitness center, a children’s playroom, a 75-foot swimming pool, a library, billiards and screening rooms, a catering kitchen, dining room, bicycle and storage rooms, and furnished guest suites. A play space and grooming station for dogs are also available.
The No. 2 contract was a townhouse at 30 Sullivan Street, asking $12.5 million, reduced from $13.95 million when it went on the market in April. The owner paid $8,233,333 in August 2016. The house is 25 feet wide with 5,900 square feet plus terraces totaling 1,525 square feet. The house is in mint condition with 11-foot ceilings, 4 bedrooms, 4 bathrooms, a staff room, and 3 powder rooms.
Total Weekly Asking Price Sales Volume: $156,559,500
Average Asking Price: $7,455,214
Median Asking Price: $6,500,000
Average Discount from Original Ask to Last Asking Price: 17%
Average Days on Market: 541
*Condop is a co-op with condo rules.
CLICK HERE TO VIEW 17 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 4 CONTRACTS SIGNED ON TOWNHOUSES