September 28-October 4, 2015

Report on Contracts Signed
NYC Residential Properties
$4 Million and Above

13 Contracts Signed

New York’s Mets and Yankees are heading into the playoffs, but the Manhattan luxury real estate market is still looking to roll up impressive statistics of its own. After a so-so September, the start of October was about as exciting as a routine base hit in the first inning. Only 13 contracts were signed last week at $4 million and above.

The No. 1 contract was Apartment M10 at 150 Charles Street, asking $15.5 million, reduced from $16.85 million when it went on the market in June. This triplex maisonette condo has 5,612 square feet including 4 bedrooms and 4.5 bathrooms. The unit features a living room with 19-foot ceilings and a fireplace, plus a 458-square-foot garden. When the building opened for sale in February 2013, the unit was sold off of floorplans for $12,500,000. The developer Witkoff allowed the buyer to assign the contract on M10, earning what is likely a handsome profit for the contract-holder. 150 Charles has completed most of its construction and closings started in the summer.

The No. 2 contract was 11C at 1125 Park Avenue, asking $8,995,000. This 9-room co-op sold within days of listing. The corner unit has 3 bedrooms, a library, and an eat-in kitchen, and was renovated after being purchased in December 2005 for $5.3 million.

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
September 28-October 4, 2015


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