The Manhattan luxury market found its mojo last week. The high-dollar sector notched its second straight week of sales growth, with 30 homes going into contract, according to Olshan Realty’s weekly report on homes asking $4 million or more. The total marks the highest number since May 9, when 39 contracts were reported. [Source: TRD]
The most expensive property to enter contract was condo unit DPH 11B at 150 East 78th Street on the Upper East Side. The Robert A.M. Stern-designed unit was asking just under $17 million — an increase over the $16 million the building asked when it started marketing floor plans in January 2021.
The 3,800-square-foot duplex has four bedrooms, five bathrooms and a library that can be used as a fifth bedroom. The library and living room open onto a 277-square-foot terrace.
The penthouse unit is the last apartment to sell in the building, a new 25-unit limestone development. Building amenities include a fitness center, squash court, rooftop terrace and children’s playroom.
The second most expensive home to enter contract was unit 14C at 400 West 12th Street, with an asking price of $16 million. The 3,200-square-foot condo has four bedrooms and four and a half bathrooms. The living room and primary bedroom have Hudson River views.
The apartment was last purchased for $14.25 million in 2013. Amenities at the building, known as Superior Ink, include a fitness facility, children’s playroom, a concierge and a garage. The second week of strong sales in Manhattan’s luxury market comes after a three-week slump.
Sales last week totaled more than $211 million, $13 million more than the report’s total from two weeks ago. The median asking price was just under $6 million and homes spent on average 394 days on the market. The average home sold at a 4 percent discount. [Source: TRD]