Townhouses were the talk of the luxury market last week, according to this week’s Olshan Report.
Three townhouses topped the list of contracts signed for over $4 million in Manhattan for the first time since 2010, said the report released Monday. And only one co-op made the list, which hasn’t happened since late January of this year.
But sales overall were slow for the week ending on Sunday, Sept. 3, and fewer than 20 contracts were signed for the 10th week in a row. In fact, the total number of sales for last week, 12, was the lowest of the year, as was the total asking price sales volume, which was just under $80 million. Of course, the low numbers aren’t totally unexpected, as last week culminated with Labor Day weekend, a time of year that many New Yorkers are away from the city.
"Summer and holidays are always slow," said Donna Olshan, author of the report and president of the brokerage. The past week saw the lowest sales since the week of Aug. 8, 2016, she added.
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The top sale of the week was a three-bedroom, three-bathroom townhouse at 26 Bank St., which was asking $19.5 million. The 4,625-square-foot home, with a kitchen that opens up onto a garden and a glass atelier with a terrace, was originally priced at $26 million when it was listed in February 2016, according to the report.
An Upper East Side home was the second highest sale at an asking price of $9 million, down from its first listing price of just under $10 million. The four-bedroom, six-and-a-half bathroom abode at 417 E. 84th St. has five stories and went on the market this past February.
Third on the list is a townhouse at 41 Bethune St., a 2,400-square-foot pad with three bedrooms and two and a half bathrooms. Its final asking price was $7.7 million, a reduction from its original listing price of $8.995 million in July 2016.