A slew of signings at two luxury Manhattan buildings last week helped to push the total number of $4 million-plus sales in the borough to their highest level in close to two-and-a-half years.
In fact, 43 contracts were signed last week at $4 million and above, the highest total since the end of March 2014, according to Olshan Realty’s latest snapshot of the housing market released Monday.
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Two buildings were responsible for 24 of the 43 sales — 21 East 12th and 70 Vestry. The first came on the market in June, and has reported 16 sales north of $4 million, including two penthouses.
Two-bedroom apartments were the big hit at 21 East 12th, near Union Square, with 12 contracts at prices from $4.4 million to $5.25 million, averaging $3,093 per square foot.
A further eight contracts were signed at the Robert A.M. Stern-designed 70 Vestry in TriBeCa at an average price of $3,905 per square foot. The 14-story, 46-unit condo, due for completion in 2018, has been very quietly on the market since April. Amenities at 70 Vestry include a doorman, concierge, a fitness center, squash court, and three pools.
It was reported last week that supermodel Gisele Bündchen and New England Patriots quarterback Tom Brady paid more than $20 million for a five-bedroom, 5,000-square-foot-home at 70 Vestry. It is not clear whether the celebrity couple’s unit was captured as part of the Olshan report on sales last week.
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The No. 1 contract signed last week was apartment 8N at 70 Vestry, asking $29.5 million. The unit has 5,825 square feet, including seven bedrooms, 8.5 bathrooms; outdoor space totaling 1,215 square feet and views of the Hudson River.
The No. 2 contract was a townhouse at 116 Waverly Place, asking $23.5 million, reduced from $34 million when it went on the market in March 2014. The house was purchased for $6.85 million in September 2010, and then gut renovated.