LUXURY MARKET REPORT 2019
Report on Contracts Signed
Manhattan Residential Properties
$4 Million and Above
October 14-20, 2019
19 Contracts Signed
Nineteen contracts were signed last week at $4 million and above, just shy of the 20 + benchmark that the Manhattan market hasn’t hit in 4 months. Condos outsold co-ops, 14 to 1, and 4 townhouses were in the mix. Only 1 condo was sold by a sponsor/developer.
The No. 1 contract was PH76B at 80 Columbus Circle, asking $30 million; it was listed in July. This 4,825-square-foot condo is in the residences above the Mandarin Oriental Hotel. The unit has 4 bedrooms and 5.5 bathrooms, a terrace off the living room and a 42-foot master suite that faces Central Park. The owner paid $30.55 million in July 2011. Condo amenities include a fitness center, landscaped terrace, a meeting room with Central Park views, and access to the hotel’s pool and spa.
The No. 2 contract was a townhouse at 3 East 94th Street, asking $24.5 million, reduced from $29.5 million when it was listed in November 2016. This 6-story, 25-foot-wide house has 9,850 square feet including 6 bedrooms, 6 bathrooms, 2 powder rooms, 5 fireplaces, an elevator, a garden on the ground floor, and a terrace on the top floor. It also has a media room, eat-in kitchen, and a finished basement with a 400-bottle wine cellar. The house was purchased in October 2010 for $18.5 million and then renovated. Annual real estate taxes are $197,525.