Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
April 14-20, 2025

33 Contracts Signed

Thirty-three contracts were signed last week in Manhattan at $4 million and above, 4 more than the previous week. Condos outsold co-ops, 19-9, with 2 condops and 3 townhouses in the mix. All things considered—Passover, Easter, a volatile stock market---it was a surprisingly strong showing for the luxury market.

The No. 1 contract was 2N at 140 Jane Street, asking $19.95 million, raised from $19.35 million when the building started marketing off floor plans in September. The condo has 4,573 square feet including 4 bedrooms and 4.5 bathrooms, plus a conservatory--a room with a stone floor and sliding glass doors that open onto a Juliet balcony. A 33’ x 15’ great room with almost 10-foot ceilings faces the Hudson River. The primary suite has 2 dressing rooms. This 11-story building was designed by BKSK architects and Leroy Street Studio, and 10 of 14 units have sold with an average asking price of $5,301/sq.ft. Amenities include a doorman, porte-cochere, automated parking garage, a lounge, fitness room, lap pool, and hot tub.

The No. 2 contract was a townhouse at 280 West 11th Street, asking $13.999 million, reduced from $17.999 million when it started on the market in September 2020. This 6-story, 26-foot-wide house has 7,921 square feet and 8 fireplaces. It has been divided into 5 apartments and is on Bleecker Gardens, one of 14 houses that share a landscaped common garden. Annual real estate taxes are $100,946.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 4 2 1 2 Avg.Ask:
$7,004,444
9
Condos 4 6 3 6 Avg.Ask:
$6,576,579
Avg.$/sq.ft.:
$2,527/sq.ft.
Avg.Size:
2,602 sq.ft.
19
Condop* 0 0 0 2 Avg.Ask:
$7,372,500
Avg.$/sq.ft.:
$3,266/sq.ft.
Avg.Size:
2,258 sq.ft.
2
Townhouses 0 0 1 2 Avg.Ask:
$7,737,500
Avg.$/sq.ft.:
$1,315/sq.ft.
Avg.Size:
5,884 sq.ft.
3
TOTALS 8 8 5 12 . 33


*Condops are mixed-use co-op buildings with condo space typically in the commercial or non-residential portion of the building.

CLICK HERE TO VIEW 30 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 30 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 3 CONTRACTS SIGNED ON TOWNHOUSES

Donna Olshan, President
cell: 917-287-0458
home: 212-751-3300 x110
dso@olshan.com

Emily Chen, Private Wealth Real Estate Services
Chief of Research
917-853-9235
ecc@olshan.com

© 2025 Olshan Realty | All Rights Reserved.
This website, its content, and the Olshan Luxury Report is copyright of Olshan Realty.



Source: Olshan Realty




QUICK STATS

for the week of
April 14-20, 2025
Total Weekly Asking Price Sales Volume: $232,214,000

Average Asking Price: $7,036,788

Median Asking Price: $6,372,500

Average Discount from Original Ask to Last Asking Price: 9%

Average Days on Market: 501









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This website, its content, and the Olshan Luxury Report is copyright of Olshan Realty.