Luxury market is back on its feet: Olshan Fourth straight week activity topped 20 deals

From left: Alchemy Partners K上海龙凤论坛sh1f

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enneth Horn, Carlyle Group s Robert Stuckey and a rendering of 250 West 81st Street; 993 Fifth Avenue (Credit: 250west81st.com, CityRealty)

Manhattan’s luxury market recorded 29 contracts at $4 million and above last week – the fourth week in a row contract activity topped 20 deals, according to Olshan Realty’s weekly market report.

The No. 1 spot went to a 12-room co-op apartment across from the Metropolitan Museum of Art at 993 Fifth Avenue with an asking price of $17 million. That’s a nearly 32 percent reduction off the original ask of $24.9 million when the unit was first listed in May.

The full 7th floor home has six bedrooms, 5.5 baths and a master suite facing the museum. The Met, meanwhi阿拉爱上海同城

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le, is considering selling its executive apartment on the buil爱上海同城手机版

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s to shore up its unsteady finances.

Alchemy Properties and the Carlyle Group’s condominium dev上海贵族宝贝交流区

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elopment at 250 West 81st Street accounted for the week’s second-priciest contract: the triplex penthouse at the Robert A.M. Stern-designed building with an asking price of $16 million.

The building quietly started selling units in the fall, and the buyer of the 4,278-square-foot penthouse bought the unit off of floor plans.

The week’s asking-price volume totaled $204.79 million, with a median asking price of $5.25 million. Luxury homes spent an average of 377 days on the market, with an average discount of 10 percent from the original ask to the final one. [Olshan Realty] – Rich Bockmann

Tags: alchemy properties, Carlyle Group, olshan realty, Residential Real Estate
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