LUXURY MARKET REPORT 2019
Report on Contracts Signed
NYC Residential Properties
$4 Million and Above
12 Contracts Signed
Twelve contracts were signed last week at $4 million and above, the same total as last year during the same week. Interestingly, the top 2 contracts were signed on properties on the same street.
The No. 1 contract was PH11A at 90 Morton Street, asking $40 million. PH11A is a 5,830-square-foot duplex with 6 bedrooms and 6.5 bathrooms, plus 2 terraces totaling 2,029 square feet. It is in a former printing plant that is being converted into a 12-story, 28-unit condo that started offering apartments off of floorplans in the Fall of 2017. Amenities include a concierge, a covered driveway, a fitness center, a 64-foot pool, residents’ lounge, children’s playroom, and a rooftop terrace with an outdoor kitchen.
The No. 2 contract was a townhouse at 16 Morton Street, asking $15.995 million, reduced from $17.5 million when it went on the market last April. This 3-story, 25-foot-wide house has 6,000 square feet, and is configured as a commercial showroom with 2 floors of office space above it. The house also has a 1-car garage. The seller was fashion designer Cynthia Rowley, who purchased the house for $10,995,000 in May 2014 and then renovated it.