TH takes the top spot; Mandarin residences score $22.5MM

The Market Report

The most expensive contract of the week is 58 Bank Street. The four-bedroom townhouse entered contract asking $25,000,000 after only 54 days on the market. The house is 20’ wide and spans 6,675 sf. The residence is fully finished and has incredible neo-Italian features.

This week 15 properties entered contract, the slowest week in six months. Sales volume dropped to $140MM this week; way lower than the approx. $180MM it was achieving for the past six weeks.

Some notable deals:

  • 685 Fifth Avenue #15A- $22,050,000

    • The Mandarin Oriental residences have been setting price per sf records. This 15th floor 3 bed achieved close to $5K per sf. The monthly carrying costs are approx. $20K per month. The building offers full hotel amenities.

  • 144 W 82nd Street- $8,990000

    • The Upper West Side TH market continues to show strength. This 6 bed 6.5 bath TH spans 7,560 sf and entered contract after 120 days on the market.

  • 682 Broadway #10- $6,995,000

    • This 2-bedroom condo offers 3,000 sf. The residence is fully finished and entered contract after 23 days.

Penthouse 17 West is a grand and bright 5 bedroom 5.5 bath duplex spanning approximately 5325 SF with exceptional open views in a boutique condominium off Park Avenue in the heart of the Upper East Side.

  • Asking Price: $19,900,000

  • Taxes: $6.857 | CC: $11,557

  • 5 Beds | 5.5 Baths | 5,325 sf

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Weekly activity rebounds…by a little.

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Two Deals over $20MM, but the rest stay under $14MM.