LUXURY MARKET REPORT 2019
Report on Contracts Signed
NYC Residential Properties
$4 Million and Above
February 4-10, 2019
16 Contracts Signed
Sixteen contracts were signed last week at $4 million and above, one more than the previous week, continuing the lackluster trend of the last few months. Condos outsold co-ops, 9 to 5, and 2 townhouses were in the mix. Only 4 condos were sold by developers.
Stat Geek Alert: For the first time since March 2017, the top 2 contracts were in co-ops.
The No.1 contract was 14/15A at 941 Park Avenue, asking $12.5 million, reduced from $13.5 million when it went on the market in August. The duplex has 4 bedrooms and 4.5 bathrooms. Most of the rooms face Park Avenue including a 28’ x 28’ living room, a library, and master suite with a dressing room. The unit also has an eat-in kitchen with wine storage, staff and laundry rooms. The building has a gym.
The No. 2 contract was the 9th floor at 117 East 72nd Street, asking $11.5 million, reduced from $12.5 million when it was listed in October. This 14-room co-op has 4 bedrooms, 6 bathrooms, a library, and 3 fireplaces, plus 2 staff rooms. The living room, library, and master have wood-burning fireplaces, and all of them face south onto 72nd Street. The apartment needs work.
Star Sale: The top townhouse sale was 45 West 84th Street, asking $9.75 million, reduced by $1 million when it was listed in October. The seller was actress Mariska Hargitay of Law & Order: SVU fame. This 6-story, 6,925-square-foot brownstone has an elevator and floor-to-ceiling casement windows that overlook a garden off the kitchen. The house was originally purchased for $10.7 million in July 2012.