Weekly activity rebounds…by a little.

The Market Report

The most expensive contract of the week is #33C at 15 Central Park West. The three-bedroom residence entered contract asking $18,950,000 after 406 days on the market. The 2,761 sf residence features 40 ft of Central Park frontage, and is in move-in condition. 15 CPW, designed by Robert A.M. Stern, is one of the best preforming residential buildings in New York in terms of appreciation.

This week 20 properties entered contract. The luxury market has been holding between 20 and 30 contracts per week, except for last week’s outlier of 15. Sales volume increased to $161MM, however, the avg. sales price went lower.

Some notable deals:

• 6 E 74th Street- $16,800,000

  • UES townhouses have continued to show strength- taking a top 5 spot in each of the last six weeks. This 23’ wide house entered contract asking $1,731 per ft. The 9,700 sf house features 8-bedrooms and 7.5-bathrooms. The property is in need of a conversion to a residential property.

• 11 Beach Street #PHA- $12,500,000

  • This TriBeCa penthouse entered contract after only 25 days on the market. The 3,931 sf residence is fully finished and move-in ready. The penthouse apartment features an 1,200 sf outdoor space.

• 1016 Fifth Avenue #5B- $4,475,000

  • This is a gorgeous Fifth Avenue residence with views of the Metropolitan Museum of Art. The 3-bedroom residence entered contract asking $4,475,000.

4 E 79th Street has just been put on the market. Commissioned by James E. Nichols in 1898, 4 East 79th Street is an important and architecturally significant limestone mansion that was a key component in the initial development of railroad industrialist Henry H. Cook's prescient acquisition of the block between East 78th and 79th Streets and Fifth and Madison Avenues.

• Asking Price: $65,000,000

• Taxes: $18,652 per month

• 35’ wide | Six Stories | 15,200 sf