Contract Activity falls… to 13 deals.

The Market Report

The most expensive contract of the week is #PH32A at 500 W 18th Street. The five-bedroom residence entered contract asking $25,000,000 after 206 days of the penthouse being publicly marketed. The 5,663 sf residence features incredible water and city views. This half-floor penthouse home boasts a generous corner great room and separate living/dining room flanking the home's 239 SF Loggia.

This week 13 properties entered contract. August has shown a mix of slower weeks as summer starts to wind down. Sales volume decreased to $122MM, however, average prices went higher.

Some notable deals:

432 Park Avenue #63B- $24,500,000

• 432 Park Ave sales have been stagnant for a while in the wake of a large assessment to residents and rumors of faulty construction. Sellers have been more negotiable here to push deals through.

• 152-154 Spring Street #PH- $7,500,000

  • This property was the quickest to enter contract this week- entering after 29 days on the market.

• 880 Fifth Avenue #5F- $4,850,000

  • 880 Fifth Avenue continues to be one of the best performers on Fifth Ave. The apartments facing Central Park usually sell quickly and for great prices.

26 E 63rd Street #12BCDG has been brought to market. This sought-after 4 Bed 5.5 Bath condominium offers a tailor-made layout for gracious living and entertaining, while maximizing light, views, and an abundance of wall space for art.

• Asking Price: $10,500,000

• Taxes: $4,005 | CC: $3,937

• 4 Beds | 5 Baths | 2,700 sf