Thirty-one contracts were signed last week in Manhattan at $4 million and above, 5 fewer than the previous week. Condos outsold co-ops, 15-12, and 4 townhouses were in the mix.
Stat Geek Alert I: For the first time since the first week of June 2021, the top 2 sales were co-ops. In addition, the total of 12 co-op sales is the largest since November 4-10, 2024, when 14 contracts were inked.
Stat Geek Alert II: In the last 2 weeks, the Upper East Side has outsold every other neighborhood of Manhattan including the ever-popular Downtown.
The No. 1 contract was the 10th floor of 1125 Fifth Avenue, asking $20 million; it was listed in September. The full-floor unit has 4 bedrooms, 4.5 bathrooms, and a library. It features a 47-foot-long great room overlooking Central Park and an eat-in kitchen. It is in excellent condition and was recently renovated and designed by the prominent architecture firm SheltonMindel. Monthly maintenance is $15,189. The 15-unit co-op allows up to $1.1 million in financing. Amenities include doormen and storage.
The No. 2 contract was the 14th floor at 620 Park Avenue, asking $19.75 million; it was listed in October. The duplex has 4 bedrooms, 3 bathrooms, 2 powder rooms, and 3 woodburning fireplaces. The living room, formal dining room, sitting
room, and 2 bedrooms face Park Avenue. Upstairs on the 15th floor is a 24-foot entertainment room with vaulted ceilings, plus an office, pantry, and powder room---all surrounded by lushly landscaped terraces. The apartment comes with its own laundry room and 2 storage rooms in the basement of the building. The monthly maintenance is $19,597. Amenities in this 14-unit building include doormen, a gym, and a roof terrace for residents. The co-op board allows 50% mortgage financing.