Manhattan Luxury Sales Post Best Week Leading to Labor Day in at Least 15 Years

Though luxurious dwelling gross sales waned in Manhattan throughout the week ending Sunday, the variety of offers was nonetheless record-breaking for the time of yr, in response to Monday’s weekly Olshan Report.

There have been 23 gross sales of residences priced at $4 million or extra, 4 fewer than the earlier week, the info confirmed. However the tempo of offers typically slows across the end-of-summer vacation and the week “represented the strongest pre-Labor Day week whole since we began holding observe in 2006, surpassing 2014 when 22 contracts have been reported,” in response to Donna Olshan, president of Olshan Realty and writer of the report. 

Offers for condos represented 16 of the 23 gross sales, with 10 having been bought by builders, the report discovered. Three co-ops went into contract as effectively, plus 4 townhouses. 

The whole gross sales quantity for the week, based mostly on asking costs, was $180.75 million, the info confirmed.

Final week’s largest deal was PH1 at 293 Lafayette St. in SoHo, in any other case referred to as the Puck Constructing. Joshua Kushner, businessman and son of billionaire actual property developer Charles Kushner, and his supermodel spouse Karlie Kloss are the buyers of the penthouse, which was asking $42.5 million, The Wall Avenue Journal reported. The couple already personal the constructing’s different penthouse.

As soon as asking $66 million, the unit is the final accessible within the mission, a former printing facility that was developed into luxurious condos by Kushner Cos. The residence options about 7,200 sq. ft of dwelling area, plus 5,100 sq. ft of out of doors area together with a placing inexperienced, yoga garden, scorching tub and moist bar. 

The No. 2 deal was a four-story West Village townhouse with a number of models. It has 9,232 sq. ft together with the storage, and was transformed from stables to flats in 1927. It was asking just below $16 million, regardless of its needing renovation.