Regardless of a Vacation Slowdown, Offers for Manhattan Luxurious Actual Property Had been Three Occasions the 10-12 months Common


Thanksgiving week was not a complete turkey, at the least for Manhattan’s luxurious actual property. 

There have been 37 contracts signed for houses priced at $4 million or extra within the week ending Sunday, in response to a report Monday from Olshan Realty. That’s 30 fewer than the earlier week, which set a 15-year file for the very best gross sales quantity—at $613.74 million—since 2006, when the company started monitoring the info.


Nonetheless, final week was properly above the 10-year common for Thanksgiving week of solely 12 contracts signed for luxurious residences, in response to the report. There have been offers on 33 condos, 3 co-ops and 1 townhouse final week, for a complete of $315.5 million. 

“Backside line, it ended up being the strongest Thanksgiving vacation week since we launched this report in 2006,” wrote Donna Olshan, president of Olshan Realty and the report’s writer.


The No. 1 contract final week was for an almost 6,400-square-foot duplex at 17 Jane St. asking $31.9 million, in response to the report. The West Village apartment has 5 bedrooms, 4 full bogs, a cellar and a 1,773-square-foot backyard. The seven-unit constructing was designed by architect Sir David Chipperfield, and has a bronze sculpture within the foyer by Jeff Koons. The client additionally bought a 2,375-square-foot residence on the ground above that was asking $9.7 million, and the mission is now offered out. 


The second-biggest deal was for an 11-room co-op at 960 Fifth Ave. listed for $28 million, the report mentioned. The residence encompasses a 39-foot front room and a 28-foot formal eating room, each overlooking Central Park. There are additionally 4 bedrooms, a library, 4 fireplaces and two employees rooms. The residence is in want of a full renovation.