OLSHAN LUXURY MARKET REPORT

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August 10-16, 2015

Report on Contracts Signed
NYC Residential Properties
$4 Million and Above

21 Contracts Signed

Only 21 contracts were signed last week at $4 million and above. But if it’s rooms with a view that turn you on, the top 2 properties, both of which are located on Riverside Boulevard, will surely strike your fancy.

The No. 1 contract was PH3 at 240 Riverside Boulevard, asking $15.750 million, reduced from $18.5 million when it went on the market in March 2012. This 11-room unit has 5,168 square feet including 5 bedrooms and 4.5 baths. It doesn’t have a terrace, but does offer real drama with 11-foot ceilings and spectacular views of the Hudson River, Central Park, and just about everywhere else.

The No. 2 contract was PH3902 at 60 Riverside Boulevard, asking $9,995,000. This Aldyn condominium has 3,096 square feet including 4 bedroom, 4.5 bathrooms, and a terrace measuring 6 x 15 feet off the living room and overlooking the Hudson River. The building has over 40,000 square feet of amenities including a fitness center, a 75-foot pool, rock-climbing wall, full-court basketball, squash court, bowling alley, and a café.

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
August 10-16, 2015

East

West

Midtown

Downtown

Asking $/sq.ft.

Totals

Co-ops

4

0

1

0

Avg.Ask:$6,188,000

5

Condos

1

4

1

6

Avg.Ask:$6,855,833
Avg.$/sq.ft:$2,239/sq.ft.
Avg.Size: 3,062

12

Condops *

2

0

0

0

Avg.Ask:$8,220,000
Avg.$/sq.ft:$2,899/sq.ft.
Avg.Size:2,836sq.ft.

2

Townhouses

0

1

1

0

Avg.Ask:$5,897,500
Avg.$/sq.ft.:$1,568/sq.ft.
Avg.Size:3,760sq.ft.

2

Totals

7

5

3

6

21

Total Weekly Asking Price Sales Volume: $143,180,000
Average Asking Price: $6,818,095
Median Asking Price: $6,490,000
Average Discount from Original Ask to Last Asking Price:7%
Average Days on Market:350
*Condop is a co-op with condo rules.

TO VIEW 19 CONTRACTS SIGNED ON APARTMENTS:
Please click here to view the listings. If that doesn't work, please copy and paste the following address into your browser. Alternatively, you can Press Control and Click on the link below:
http://media.realplusonline.com/webreports/151015ab84ff1f.htm


TO VIEW 2 CONTRACTS SIGNED ON TOWNHOUSES:
Please click here to view the listings. If that doesn't work, please copy and paste the following address into your browser. Alternatively, you can Press Control and Click on the link below:
http://media.realplusonline.com/webreports/15101492cd3b55.htm

Donna Olshan
President
dso@olshan.com

Emily Chen
Private Wealth Real Estate Services
Chief of Research
ecc@olshan.com

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