The Real Deal

23 contracts signed at $4M and above last week: Olshan | The top two contracts were on penthouses at the Shephard

September 18, 2017

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The number of luxury contracts signed last week jumped to above 20 for the first time in nearly three months.

There were 23 contracts signed at $4 million and above last week, according to the weekly report from Olshan Realty.

There were 16 contracts on condominiums (with an average asking price of $9.1 million), there were five contracts for co-ops ($7.7 million) and two were for townhouses ($6.2 million).

The top two contracts were both at Naftali Group’s condo conversion the Shephard at 275 West 10th Street. Penthouse C, asking $29.5 million, has five bedrooms, five bathrooms across 5,985 square feet. It also features a 1,536-square-foot terrace. Penthouse A spans 3,846 square feet and features three bedrooms, three bathrooms and a 1,915-square-foot terrace.

The total weekly asking price sales volume was $197.1 million, according to Olshan. The median asking price was $7 million. The average discount from original asking price to last asking price was 5 percent. The average number of days on market was 511. [Olshan] — Miriam Hall