Report: 3-Week Luxury Sales Streak Peters Out Only 15 $4M+ Properties Signed into Contract Last Week

Woolworth Building (iStock.com)

All streaks eventually come to an end, and New York City's luxury residential sales are no exception.

According to Olshan Realty's latest luxury market survey for the week of March 4-10, about 15 properties worth $4 million or more signed into contract, The Real Deal reported. That broke something of a sales streak for the last three weeks, during which 20 or more $4M+ properties went into contract per week.

The biggest contract for that week was a 6,095 square-foot condo in the famous Woolworth Building at 2 Park Place in Lower Manhattan, which signed for $21,325,000. Highlights of the four-bedroom/five-bathroom apartment include 14.5-foot ceilings, arched windows, an eat-in kitchen with Dada cabinetry, and a 75-foot-wide great room with triple exposure. The building's amenities include a fitness studio, a wine cellar, a pool, and on-site parking. According to the listing for the unit, “Originally commissioned by retail magnate F.W. Woolworth, architect Cass Gilbert's 792-foot tall neo-Gothic masterpiece continues to capture the imagination and grace the world's most famous skyline."

Coming in second is a six-bedroom/six-and-a-half-bathroom co-op at 960 Park Avenue that signed into contract for $14,500,000. Featured in this renovated Upper East Side apartment are a grand salon, Subzero and Viking kitchen appliances, a master sitting room with a built-in desk, and ebonized white oak floors, according to its description. Doorman service and a newly-refurbished gym grace the building, which was designed by James E.R. Carpenter in 1912.

A condo at 7 Hubert Street in Tribeca placed third on Olshan's list for that week, with a contract signed for the asking price of $13,495,000. Measuring 6,443 square feet, the four-bedroom/five-and-a-half bathroom apartment has a 32-foot-wide great room with 12-foot ceilings and a private parking garage. The building comes with a fitness room and an attended lobby,

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