Manhattan’s luxury real estate market has logged another positive week, the fourth in a row, seemingly cementing the long-awaited recovery from a slow summer and early fall, according to the weekly Olshan report Monday.
Twenty-eight contracts were signed last week at $4 million and above—Olshan’s threshold for luxury—the best performance in this category since the third week in June, Donna Olshan wrote in the report, when 29 contracts were signed.
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Those contracts made for a total weekly asking price sales volume of more than $252 million, the highest figure seen since late May.
The top contact signed was for a six-bedroom, Hudson River-facing penthouse at 50 Riverside Blvd. that was most recently asking $16.5 million, reduced from $19.84 million when it debuted on the market in 2014, the report said. The building, also known as One Riverside Park, has amenities including a 75-foot swimming pool, a rock-climbing wall, basketball and squash courts, a two-lane bowling alley and a golf simulator.
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The second most expensive was Michael Feinstein’s double-wide brownstone on East 63rd Street. The musician first listed the six-bedroom house in 2013. Most recently asking $15.9 million, the house has eight bathrooms, 12-foot-high ceilings, six fireplaces, a landscaped garden and a gym.
Of the 28 contracts signed, 17 were condos, five were co-ops, six were townhouses. No luxury condops sold last week.