Fair Housing Notice

LUXURY MARKET REPORT 2022
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
November 21-27, 2022

15 Contracts Signed

Fifteen contracts were signed last week at $4 million and above in Manhattan, two fewer than the previous week as Thanksgiving created a lull in the action. Thirteen condos and 2 townhouses went to contract, while co-ops were shut out of the mix.

Stat Geek Alert: For perspective, the 10-year Thanksgiving week average is 16 signed contracts.

The No. 1 contract was a townhouse at 15 East 90th Street, asking $29.5 million; it started on the market in July. The seller purchased the red-brick, neo-Federal house in January 2020 for $14.3 million and finished a renovation this year. The house was built in 1927-1928 by legendary architect Mott B. Schmidt. It is 5-stories and 25.5-feet wide with 12,173 square feet including 5 bedrooms, 5.5 bathrooms, and an elevator. It has 2 gyms, a garden, and a terrace off the top floor.

The No. 2 contract was PHW at 325 West Broadway, a sponsor unit asking $18.5 million, raised from $17.5 million when it started marketing off of floorplans 6 years ago. Now finished, the condo has 4,406 square feet including 4 bedrooms and 4.5 bathrooms. A great room, dining room, and master open onto a 718-square-foot landscaped terrace. Amenities in this 21-unit, 10-story building include a doorman, gym, bike room, and storage.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 0 0 0 0 Avg.Ask:
0
Condos 2 3 1 7 Avg.Ask:
$7,283,692
Avg.$/sq.ft.:
$2,679/sq.ft.
Avg.Size:
2,719 sq.ft.
13
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 1 0 0 1 Avg.Ask:
$18,725,000
Avg.$/sq.ft.:
$2,296/sq.ft.
Avg.Size:
8,157 sq.ft.
2
TOTALS 3 3 1 8 . 15


*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 13 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



Source: Olshan Realty




QUICK STATS

for the week of
November 21-27, 2022
Total Weekly Asking Price Sales Volume: $132,138,000

Average Asking Price: $8,809,200

Median Asking Price: $6,495,000

Average Discount from Original Ask to Last Asking Price: 6%

Average Days on Market: 827









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