OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
December 9-15, 2024

31 Contracts Signed

Thirty-one contracts were signed last week in Manhattan at $4 million and above, 3 fewer than the previous week. Condos outsold co-ops, 24-4, with 1 condop and 2 townhouses in the mix.

The No. 1 contract was PH5 at 200 East 75th Street, asking $22.95 million. The penthouse is in a new building under construction; it has 5,300 square feet including 6 bedrooms, 6.5 bathrooms, and 3 terraces that total 1,009 square feet. Last week, The Wall Street Journal reported that it was sold to Mets shortstop Francesco Lindor for around $20 million. The condo features 11-foot ceilings and arched windows. A 39-foot living room with a gas fireplace is flanked by 2 terraces. Amenities in this 36-unit building designed by Beyer, Blinder, Belle Architects include a porte cochere, doormen, a fitness center, a virtual sports room with a golf simulator, a landscaped roof terrace with an outdoor kitchen, a garden, cinema, children’s playroom, a teen lounge, music room, pet-washing facility, a bike room, and storage.

The No. 2 contract was PH52A at 56 Leonard Street, asking $19.995 million; it was listed in September. The condo has 3,658 square feet including 4 bedrooms, 4.5 bathrooms, and 3 terraces totaling 501 square feet. The unit has a 24-foot master bedroom, a 52-foot great room flanked by 2 terraces, and panoramic views in all directions. The seller purchased the unit from the sponsor for $17,300,624 in March 2018. The building was designed by Pritzker-prize-winning architects Herzog & de Meuron with 17,000 square feet of amenities including a fitness center and yoga studio, a 75-foot infinity pool with a sun deck, an indoor/outdoor theater, private dining room with catering kitchen, library lounge, children’s playroom, personal and bike storage, and on-site valet parking.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 3 1 0 0 Avg.Ask:
$7,906,000
4
Condos 4 8 1 11 Avg.Ask:
$8,607,348
Avg.$/sq.ft.:
$2,888/sq.ft.
Avg.Size:
$2,979/sq.ft.
24
Condop* 0 0 0 1 Avg.Ask:
$4,795,000
Avg.$/sq.ft.:
$2,575/sq.ft.
Avg.Size:
1,862 sq.ft.
1
Townhouses 2 0 0 0 Avg.Ask:
$9,972,500
Avg.$/sq.ft.:
$1,941/sq.ft.
Avg.Size:
5,138 sq.ft.
2
TOTALS 9 9 1 12 . 31


*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 29 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 2 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

Donna Olshan
President
dso@olshan.com
Emily Chen
Private Wealth Real Estate Services
Chief of Research
ecc@olshan.com