Sales in Manhattan’s luxury market once again failed to crash through the significant barrier of 30 contracts signed as global economic uncertainty continues to weigh on demand. There were 28 contracts signed at $4 million and above between April 25 and May 1, according to the latest luxury market report by Olshan Realty. During the same week last year 34 contracts were signed. Donna Olshan, president of Olshan Realty, said: “I’m not complaining about last week’s action in the Manhattan luxury real estate market, but it would be nice if we could top 30 contracts signed at $4 million and above for the first time in 2016.” The No.1 contract was Penthouse B at 247 West 12th Street, asking $14.995 million. This 8-room duplex co-op has a 40-foot great room with a wood-burning fireplace and a 1,000-square-foot landscaped roof deck, outfitted with a full kitchen and sweeping views of downtown Manhattan. The second most expensive home to change hands was 11A South at 160 Leroy Street, asking $14.5 million, reduced from $15.25 million when it went on the market in January. This 4-bedroom, 3.5-bathroom unit has 3,450 square feet and Hudson River views. The average asking price was $6.8 million,while the average number of days on the market was 189. View full listing (pictured top) MORE From Mansion Global:
