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OLSHAN LUXURY MARKET REPORT
May 22-28, 2023
Thirty-two contracts were signed last week in Manhattan at $4 million and above, 5 more than the previous week. Condos outsold co-ops, 21-6, with 1 condop and 4 townhouses in the mix.

Stat Geek Alert I: The 32-contract total beats the 10-year average of 26 contracts for the week preceding Memorial Day.

Stat Geek Alert II: 14 out of the 21 condo contracts were sponsor deals.

The No. 1 contract was PH32A at 360 East 89th Street, asking $22.5 million; it sold within a month of listing. The triplex condo has 7,430 square feet including 6 bedrooms, 7.5 bathrooms, and a 2,529-square foot terrace. It features a living room with a 22-foot ceiling and views in all directions. Two parking spots were included in the deal. The seller paid $20,558,626 in 2018 in the building called Citizen 360. Amenities include doormen, garage, a fitness center, ...

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