PropertyShark Staff Luxury apartments that are selling in less than 20 days after being listed are anything but the norm in the Manhattan market of the last few years. Actually, according to the latest market report by Miller Samuel, the average number of days on the market for an apartment in Manhattan was 125 days in Q4 2010.
Therefore we were intrigued to discover a handful of super-fast deals, some closing in less than 10 days, when browsing recently sold homes in New York City.
Unit 8B at the Majestic (aka 115 Central Park West) stayed on the market for just 9 days and was sold for $200,000 above the asking price. According to the listing description, the apartment has 7 rooms, 3 bedrooms and is fully renovated.
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A penthouse at 18 Leonard Street (#PH-A) stayed on the market for 13 days to be sold for $3,156,000, that’s $161,000 over its first asking price. According to our records, the penthouse was acquired by the sellers in 2005 for $2.5 million.
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Another apartment, 7C at 7 Huber Street, sold for a profit after staying on the market for just 17 days. It sold for $5.9 million, the same as its initial asking price. The sellers paid $5,280,000 for the TriBeCa apartment in March 2010.
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To search for other recently closed properties in New York, and to use our advanced property research tools such as days on the market, please use our property comparables service.
