Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
December 2-8, 2024

34 Contracts Signed

Thirty-four contracts were signed last week in Manhattan at $4 million and above, 15 more than the previous week. Condos outsold co-ops, 21-6, with 2 condops and 5 townhouses in the mix.

Stat Geek Alert: The 34 contracts rings in the third largest weekly total of the year. The top week was March 11-17, 2024, when 40 contracts were signed.

The No. 1 contract was 55B at 220 Central Park South, asking $37.5 million ($11,679/sq.ft). The seller paid $33 million in May 2021. The unit has 3,211 square feet including 3 bedrooms and 3.5 bathrooms. A 35-foot living room and 2 out of the 3 bedrooms face Central Park. 220 Central Park South is an ultra-luxury building designed by Robert A.M. Stern. The condo building has over 30,000 square feet of amenities including a doorman, concierge, motor court, private dining room, fitness center, 82-foot saline pool, squash court, basketball court, golf simulator, children’s playroom, and a communal terrace.

The No. 2 contract was a 5-story, 22-foot-wide townhouse at 114 Waverly Place, asking $22.85 million; it was listed in September. The house has 6,800 square feet including 5 bedrooms and 5.5 bathrooms, plus an elevator. The seller paid $8.5 million in August 2019 and then undertook a 3-year-plus renovation. The house has a 42-foot garden and a top-floor, 32-foot great room with a double-height ceiling that leads to a rooftop dining terrace. Annual real estate taxes are $91,459.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 3 1 0 2 Avg.Ask:
$8,578,333
6
Condos 4 2 4 11 Avg.Ask:
$9,948,333
Avg.$/sq.ft.:
$3,219/sq.ft.
Avg.Size:
3,090 sq.ft.
21
Condop* 0 0 0 2 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
2
Townhouses 0 0 0 5 Avg.Ask:
$9,660,000
Avg.$/sq.ft.:
$2,041/sq.ft.
Avg.Size:
4,731 sq.ft.
5
TOTALS 7 3 4 20 . 34


*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 5 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

© 2024 Olshan Realty | All Rights Reserved.
This website, its content, and the Olshan Luxury Report is copyright of Olshan Realty.



Source: Olshan Realty




QUICK STATS

for the week of
December 2-8, 2024
Total Weekly Asking Price Sales Volume: $317,375,000

Average Asking Price: $9,334,559

Median Asking Price: $7,587,500

Average Discount from Original Ask to Last Asking Price: 8%

Average Days on Market: 568









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This website, its content, and the Olshan Luxury Report is copyright of Olshan Realty.