Resales dominated Manhattan’s luxury housing market in the week ending Sunday, according to the weekly Olshan Report on Monday.
Twenty-two homes priced at $4 million or more went into contract last week, and only four of them were sponsor units in new developments. It was the lowest weekly total of new unit sales since mid-January, according to the weekly round up compiled by Olshan Realty.
Half of the apartments that found buyers were co-ops in addition to two townhouse sales.
Transactions last week totaled $160 million, a 28% decline from the $225 million sales volume logged the previous week.
Despite the high number of resales and co-op transactions, the most expensive home to go into contract was still a condo in a new development.
The penthouse at 52 Wooster, a boutique, four-unit building in SoHo, went into contract asking $13.9 million. The duplex condo spans 4,270 square feet with four bedrooms and an expansive rooftop terrace,
The second priciest unit to find a buyer was a 40th-floor unit at 56 Leonard in Tribeca, affectionately dubbed the Jenga tower for its blocky, asymmetrical design by Pritzker-winning firm Herzog & de Meuron, asking $12.995 million.
The four-bedroom unit has three balconies, four-and-a-half bathrooms and access to the building’s well-stacked amenity space.
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