LUXURY MARKET REPORT 2019
Report on Contracts Signed
NYC Residential Properties
$4 Million and Above
January 14-20, 2019
12 Contracts Signed
Twelve contracts were signed last week at $4 million and above, a depressing total even for this time of year. How depressing? It’s the lowest total for the 3rd week in January since 2012, when 7 contracts were signed.
The No. 1 contract was PH54 at 56 Leonard Street, asking $22 million, reduced from $30 million when it went on the market in June 2017. The unit is selling below what the owner paid ($23, 982,851) in January 2017. It has 5,492 square feet including 4 bedrooms, 4.5 bathrooms, and outdoor space with 2 terraces and 2 balconies that total 1,567 square feet. The apartment has 14-foot-high ceilings and breathtaking city and Hudson River views. 56 Leonard is a 60-story, 145-unit condo designed like a glass obelisk by Pritzker Prize-winning architects Herzog & de Meuron. It has 17,000 square feet of amenities including a 75-foot pool, indoor/outdoor theaters, landscaped sundeck, fitness center, sauna, lounge, and a children’s playroom.
The No.2 contract was a townhouse at 109 West 11th Street, asking $11.65 million. This 4-story Greek Revival-style red brick house has 4,100 square feet including 5 bedrooms, 2 bathrooms, and 2 powder rooms, plus a landscaped garden. It was purchased for $3 million in 2002 and then gut renovated. It was listed last April.