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

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