REAL ESTATE • In Contract
In the first 10 weeks of 2024, 235 Manhattan properties listed above $4 million went into contract, just five fewer than last year’s tally for the period, per our friends at Olshan. Notably, sponsor contracts (for new apartments, as opposed to resales) are down 24% year-over-year, as new development inventory struggles to keep up with demand.
Among this week’s new contracts, a trio of downtown four-bedrooms caught our eye, including PH6 at 66 Reade St. in Tribeca, the last sponsor unit in a newly outfitted landmark building. The property was originally listed at $7.25M in the spring of 2023, before landing at $6M in January. A detached auxiliary unit breaks from the white walls and sharp lines upstairs, with exposed brick, arched entryways, and 1800 SF of space for your children or wine collection.
Here, the three deals:
→ 139 Wooster St PH1 (Soho) • 4BR/4BA, 3072 SF condo • Closing ask: $6.85M • sponsor unit with 11-foot ceilings and 33-foot-wide great room • Days on market: 144 • Monthly common charges: $5490; Monthly taxes: $6399 • Agents: Candace Milano and Malessa Rambarran, Brown Harris Stevens.
→ 66 Reade St PH6 (Tribeca) • 4BR/3.2BA, 4278 SF condo • Closing ask: $6M • 1800 SF detached, exposed-brick auxiliary space, 400 SF terrace, and 750 SF roof deck • Days on market: 310 • Monthly common charges: $2914; Monthly taxes: $2584 • Agents: Yair Tavivian and Anna Kwon, Elliman.
→ 130 William St #49C (Wall Street) • 4BR/3BA, 2180 SF condo • Closing ask: $4.995M • duplex with spiral staircase in 66-story David Adjaye-designed building • Sales launch: 8/14/18 • Monthly common charges: $2017; Monthly taxes: $4034 • Sales: Corcoran.