OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
May 5-11, 2025

36 Contracts Signed

Thirty-six contracts were signed last week in Manhattan at $4 million and above, 3 more than the previous week. Condos outsold co-ops, 20-11, with 2 condops and 3 townhouses in the mix.

CELEBRITY ALERT: Check out the No. 8 contract. The apartment is owned by Barbara Corcoran, of real estate and Shark Tank fame. Her duplex penthouse co-op at 1158 Fifth, asking $12 million, sold in a day. Sources say it went over the asking price with multiple bidders.

The No. 1 contract was PH60A at 15 East 30th Street, asking $25 million, raised from $23.5 million when the building opened for sale in September 2019. The penthouse condo has 5,151 square feet including 4 bedrooms, a library/den, and 5.5 bathrooms. It features 23-foot ceilings in a 41-foot great room that opens onto a 26-foot terrace with spectacular city views. The building, known as Madison House, features 30,000 square feet of amenities including a concierge, fitness center, golf simulator, yoga room, a 75-foot lap pool, cold plunge, hot tub, steam room, a garden, a private dining room, conference room, children’s playroom, lounge and bar.

The No. 2 contract was the 16th floor at 995 Fifth Avenue, asking $24.25 million, reduced from $29.5 million when it was listed in September 2021 and then cycled through 3 brokerage firms. The seller paid $27,376,940 in June 2012. The condop has 8,360 square feet including 8 bedrooms and 9.5 bathrooms. A 42-foot great room, a 25-foot formal dining room, and a sitting room overlook Central Park. Amenities in this 26-unit building include doormen, concierge and a gym. Monthly maintenance is $44,818.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 6 2 0 3 Avg.Ask:
11
Condos 6 5 2 7 Avg.Ask:
$8,759,750
Avg.$/sq.ft.:
$2,837/sq.ft.
Avg.Size:
3,088 sq.ft.
20
Condop* 1 0 0 1 Avg.Ask:
$14,922,500
Avg.$/sq.ft.:
$2,944/sq.ft.
Avg.Size:
5,070 sq.ft.
2
Townhouses 2 0 0 1 Avg.Ask:
$8,580,000
Avg.$/sq.ft.:
$1,668/sq.ft.
Avg.Size:
5,143 sq.ft.
3
TOTALS 15 7 2 12 . 36


*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 33 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

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