Weekly Sales Volume increases by $100MM

The Market Report

The most expensive contract of the week is #PH23 at 50 Central Park South. The triplex penthouse entered contract asking $34,000,000. The 9,455 SF penthouse offers incredible direct Central Park views. The 5-bed residence features a 120 ft wide terrace overlooking the park. This residence is in move-in condition. The property took 385 days to enter contract.

This week 33 properties entered contract, creating an additional $100MM in sales volume compared to last week. 9 properties over $10MM entered contract. It is interesting to note that 8/9 properties that entered contract were in move-in condition.

Some notable deals:

• 452 Greenwich Street- $24,500,000

  • This is a beautifully maintained corner townhouse in the heart of the West Village. The townhouse has 7,500 s/f of interior space and a private garage.

• 956 Fifth Avenue #8- $10,500,000

  • This 3-bed Co-Op residence was only on the market for 64 days before entering contract. That is significantly quicker than most Fifth Avenue properties. The apartment was on the corner of the building offering incredible Central Park Views from multiple rooms.

• 17 E 63rd Street #1 - $4,000,000

  • This is the ground floor of an incredible multi-unit townhouse just off Fifth Avenue. This house was renovated to be more modern and offers incredible space. This 2-bed residence is just under 2,000 sf.

The #37B at 432 Park Avenue is now on the market. This is a sponsor unit sale at 432 Park Avenue. The purchaser of this apartment will likely yield a favorable deal.

• Asking Price: $15,500,000

• Taxes: $7,624 | CC: $14,416

• 4 Beds | 4 Baths | 4,003 sf