Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
January 13-19, 2025

23 Contracts Signed

Twenty-three contracts were signed last week in Manhattan at $4 million and above, two fewer than the previous week. Condos outsold co-ops, 16-4, with 3 townhouses in the mix. The top 2 sales were super-sized Upper West Side condos.

The No. 1 contract was 7CD at 50 West 66th Street, asking $19.525 million. The sponsor is going to combine a four-bedroom unit and five-bedroom unit to create a 7,112-square-foot apartment. Monthly common charges and real estate taxes will total $18,838. Amenities in this new 122-unit condo include doormen, a fitness center, indoor lap pool, an outdoor saltwater pool and jacuzzi, basketball and pickleball courts, screening room, game room, bike room, and dog-washing facility. Closings in the building are scheduled to start soon.

The No. 2 contract was the 16th floor at 535 West End Avenue, asking $16.5 million. The condo has 6,637 square feet including 6 bedrooms and 5.5 bathrooms. The unit is surrounded by a 1,624-square-foot terrace. Monthly common charges and real estate taxes total $29,880. The seller paid $16.295 million in March 2013. Amenities include doormen, a fitness center, pool, party room with a catering kitchen, and a garage.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 3 0 0 1 Avg.Ask:
$7,732,500
4
Condos 2 4 0 10 Avg.Ask:
$7,983,438
Avg.$/sq.ft.:
$2,442/sq.ft.
Avg.Size:
3,269 sq.ft.
16
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 1 0 2 Avg.Ask:
$6,331,667
Avg.$/sq.ft.:
$1,284/sq.ft.
Avg.Size:
4,931 sq.ft.
3
TOTALS 5 5 0 13 . 23


*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 20 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

© 2025 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
January 13-19, 2025
Total Weekly Asking Price Sales Volume: $177,660,000

Average Asking Price: $7,724,348

Median Asking Price: $6,100,000

Average Discount from Original Ask to Last Asking Price: 5%

Average Days on Market: 317









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