Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
May 19-25, 2025

55 Contracts Signed

Fifty-five contracts were signed last week in Manhattan at $4 million and above, 24 more than the previous week. You read that right!!! Condos outsold co-ops, 36-12, with 2 condops and 5 townhouses in the mix.

Stat Geek Alert: The 55 contracts represent the largest total since November 15-21, 2021 when 67 contracts were signed. For perspective, 2021 was the biggest year in luxury residential real estate since this report started in 2006.

The No. 1 contract was 35-37-39 East 63rd Street, asking $34.5 million. It is three, 6-story townhouses put together spanning 61 feet and including 20,036 square feet. The complex contains a 7-unit condominium with a doorman and 2 elevators. The buyer plans to turn the property into a single-family home for personal use.

The No. 2 contract was East 24A at 500 West 18th Street, asking $13.895 million. The condo has 3,188 square feet including 4 bedrooms, 4.5 bathrooms, and a 30’ x 28’ great room. The corner unit faces south and west. It is in One Highline, formerly known as the XI, a project with 2 buildings (a condo and a hotel) that landed in a $1 billion-plus foreclosure in 2021. Amenities include a fitness center, 75-foot lap pool, spa-treatment rooms, a golf simulator, children''s playroom, private dining, a games lounge, and a garage. Services are offered from the adjacent Faena Hotel, which is part of the re-branded project.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 7 3 0 2 Avg.Ask:
$6,523,667
12
Condos 3 10 1 22 Avg.Ask:
$6,780,389
Avg.$/sq.ft.:
$2,551/sq.ft.
Avg.Size:
2,658 sq.ft.
36
Condop* 0 0 0 2 Avg.Ask:
$4,650,000
Avg.$/sq.ft.:
$2,650/sq.ft.
Avg.Size:
1,755 sq.ft.
2
Townhouses 3 1 0 1 Avg.Ask:
$13,778,800
Avg.$/sq.ft.:
$1,680/sq.ft.
Avg.Size:
8,201/sq.ft.
5
TOTALS 13 14 1 27 . 55


*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 50 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 50 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

© 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
May 19-25, 2025
Total Weekly Asking Price Sales Volume: $400,572,000

Average Asking Price: $7,283,177

Median Asking Price: $5,995,000

Average Discount from Original Ask to Last Asking Price: 7%

Average Days on Market: 543









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