The pace of Manhattan’s luxury housing market has returned to normal following a record-breaking start to the month.
Twenty-four contracts were signed at $4 million and above from Feb. 6-12, according to Olshan Realty’s weekly snapshot of Manhattan’s luxury $4 million-plus market. The report measures the number of properties entering contract.
More:Manhattan Luxury Starts February With a Bang
While last week’s total was 10 fewer than the 34 signed the previous week (a record for the first week of February), it was on a par with typical mid-February sales.
"From record-breaking to back-to-normal, that’s what last week was all about in the Manhattan luxury real estate market," said Donna Olshan, president of Olshan Realty.
However, she added that there were areas of concern, too, as the average number of days a property spent on the market was 461 (up from 368 a year earlier), while the average price reduction from the original asking price was 7%.
The top contract was the 62nd floor of Madison Square Park Tower on East 22nd Street, asking $24.95 million. This 4,663-square-foot unit has four bedrooms, four-and-a-half bathrooms, and sweeping views from the East River to the Hudson River.
The apartment is in a new 83-unit, 65-story glass condominium that is under construction next to Madison Square Park. Amenities include a fitness center, basketball court, children’s playroom and an outdoor terrace.
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In second place was actor Mike Myers’s apartment on Greenwich Street, asking $15 million. Although the final sales price is not yet known, the asking price was just slighty more than the $14.675 million Mr. Myers paid for the apartment in December.
The four-bedroom, four-and-a-half bath pre-war apartment has never been lived in and comes with a private elevator that opens directly into the apartment and offers views toward the Hudson River, according to the listing.
Other features include white oak flooring throughout, restored original columns and beams, a wet bar, a kitchen with Calacatta marble countertops and a master-suite with an oversized walk-in closet and a second walk-in closet.
The building, 443 Greenwich, is a new condominium conversion with a 24-hour doorman and concierge, valet, a private entry porte cochere, a children’s playroom, a 71-foot indoor swimming pool, and a fitness center with locker rooms and a Turkish bath.
