Market Cools Following a Roaring Week
The Market Report
The most expensive contract of the week is 60 East 66th Street. The townhouse entered contract asking $13,750,000. The 20 ft wide house has been on the market for 428 days. The property is 9,769 SF and requires a gut renovation. The asking price is $1,407 per ft- making it a deal to secure this house just off Madison Avenue.
This week, 12 properties entered contract, with only one selling above $10MM. Sales volume decreased by $100MM from last week, and the average sales price dropped by $4MM.
Some notable deals:
44 Lispenard Street #PH - $7,500,000
This is the second most expensive property to enter into contract this week. The property is fully finished and features a 1,200 SF outdoor space. The property entered contract after 138 days.
21 E 90th Street #14AB - $6,195,000
This Central Park-facing Co-Op entered contract within four days of hitting the market. The 4-bedroom residence is move-in ready.
22 Mercer Street #3C- $4,200,000
This loft entered contract in an off-market deal. The move-in ready loft has been on and off the market for three years.
Off Market Weekly
4-Bedrooms, UES, west of Lexington, Doorman Building. Open Views
Asking Approx. $8MM