Manhattan’s luxury housing market is coming off its best week in nine months, with 37 units priced at $4 million and above going into contract, according to an Olshan Report Monday.
The week ending Sunday saw the greatest number of transactions since mid-May, according to the weekly stats published by Olshan Realty. Newly constructed condos made up the majority of activity last week, with 22 contracts signed.
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There were five co-op deals and four townhouses, which included the most expensive deal of the week: David Rockefeller’s former townhouse on the Upper East Side.
The late philanthropist and scion of one of America’s greatest fortunes owned a 40-foot-wide house on East 65th Street. It went on the market shortly after Rockefeller’s death in March at the age of 101 for $32.5 million and was later reduced to $27 million.
The mansion spans nearly 10,000 square feet with eight bedrooms, eight full bathrooms and six staff rooms.
"The house has beautiful architectural bones but needs a gut renovation," wrote Donna Olshan, president of the Olshan Realty and author of the report.
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The Upper East Side, which has been playing second fiddle to downtown Manhattan of late, logged a top week. The second most expensive contract was on East 86th Street. The $22 million triplex penthouse condo spans nearly 5,000 square feet, including four bedrooms and a dramatic 35-foot living room.
The 37 deals last week totaled $296 million, the best week in terms of total sales volume since early December.