2013 Ends on High Note for Manhattan Luxury Homes
Last week was the busiest sales week ever for Manhattan homes priced $4 million and up.
Luxury condo buildings have been sprouting up in every neighborhood this year, so it comes as no surprise to learn that last week was a record-breaking week for luxury sales in Manhattan. According to the Olshan Luxury Market Report, the penultimate week of 2013 marked the highest number of Manhattan luxury sales since 2007, which is when the report first began collecting data. Seventy-two contracts were signed for homes costing $4 million and above.
Was this some sort of extravagant manifestation of last-minute holiday shopping? Perhaps, but not exactly. It seems the high number of sales was due in large part to Greenwich Lane, a massive condo complex that sits in the former spot of St. Vincent's Hospital in Greenwich Village. The sparkling new condo building, which has been selling units based on floor plans since October, accounts for 45 of the 72 contracts signed last week, including the most expensive home — a $25 million penthouse unit with 4,300 square feet, four bedrooms, wet bar and 1,200-square-foot terrace. The building, with an average asking price of $3,213 per square foot, offers a doorman, 25-foot pool and gym. And a terrific location, of course.