Upper East Side co-ops dominated Manhattan’s luxury market last week.
Apartments on Fifth Avenue and Park Avenue snagged the two priciest contracts inked in the borough between May 12 and May 18, according to Olshan Realty’s weekly report. The pending deals marked the first time since November 2021 that co-ops beat out condos or townhouses for the two top spots.
Buyers signed 31 contracts for homes in the borough asking $4 million or more, less than the 36 deals signed in the previous period. Twelve of the properties were co-ops — the largest weekly total since November, when 14 co-ops found buyers.
The most expensive home to enter contract was the 10th floor of 1125 Fifth Avenue, with an asking price of $20 million. The 4,600-square-foot co-op hit the market in September.
The renovated apartment has four bedrooms and four bathrooms and features a library, great room overlooking Central Park and an eat-in kitchen.
Douglas Elliman’s Sabrina Saltiel had the listing.
The 18-unit building, built in 1925, was once home to actress Bette Midler and her husband, Martin von Haselberg. The couple bought the penthouse in 1996 and sold it for $45 million in 2021.
The second most expensive home to land a signed contract was the 14th floor at 620 Park Avenue, asking just under $20 million. The duplex co-op, which last traded for $7.5 million in 2019, hit the market in October.
The four-bedroom apartment features three wood-burning fireplaces, landscaped terraces and a formal dining room. The pending deal includes two storage rooms in the basement.
Compass’ Alexa Lambert, Marc Achilles and Georgeana Leontiou had the listing.
Aside from the 12 co-ops, the other properties included 15 condos and four townhouses.
The homes’ combined asking price was $829 million, for an average price of $7.4 million and a median of $6 million. The typical home spent more than 450 days on the market and was discounted 9 percent from the original listing price.