New York City’s housing market recorded its priciest deal of the year last week, with a condo at the Midtown super-tall skyscraper 432 Park Avenue that was asking $92 million finding a buyer, according to a weekly roundup of deals from Olshan Realty.
The major deal came in a typically slow week for Manhattan’s luxury housing market ahead of the Labor Day holiday, when people are taking advantage of the last week of summer before children head back to school. In total, there were 18 contracts signed in the week ending Sunday for homes asking at least $4 million, according to the Olshan report.
The record deal pushed total new signed contracts—11 condos, five co-ops and two townhouses—to $219.3 million, more than doubling from the previous week.
Despite its superlative price tag, the $92 million condo found a buyer after two years on the market and major price adjusting from its original $132 million price tag. The home spans roughly 8,000 square feet across the entire 79th floor of 432 Park, with views across Central Park and the Manhattan skyline, according to Olshan.
The seller bought the unit from the building’s developer in 2016 for $59.14 million.
The second-priciest contract signed last week was a penthouse on Hudson Street asking nearly $18.3 million. The four-bedroom duplex has more than 5,000 square feet and another 2,500 square feet of outdoor space, according to Olshan.
