Manhattan luxury real estate’s strong streak is continuing, with six consecutive weeks of more than 20 contracts signed on big-ticket properties, according to Monday’s Olshan report.
In fact, 21 contracts were signed at $4 million and above—the weekly report’s benchmark for luxury—in the week ending Sunday, totaling $171.7 million in sales. Despite the relatively high number of contracts signed, though, the week’s total dollar volume was the lowest since January.
The top contract signed had more than just a big price tag, it was a record-breaker, too. A penthouse at the Robert A.M. Stern-designed 20 East End Avenue that was asking $27.9 million is the highest sale ever recorded on East End Avenue, on the far East Side, according to the report. The five-bedroom condo spans 6,292 square feet and has a formal dining room, a library, a terrace and views of the East River.
The 43-unit limestone building has a drive-in motor court, a fitness center, a private dining room with wine storage and a game room. Sales launched in 2015.
The second priciest contract signed last week was also on the Upper East Side. The nine-room co-op in the Rosario Candela-designed 834 Fifth Avenue, asking $20 million, has two bedrooms, a library, views of Central Park and a suite of three staff rooms.
Of the 21 contracts signed, 17 were condos and four were co-ops; no luxury townhouses or condops sold last week.
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