Fair Housing Notice

LUXURY MARKET REPORT 2020
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
April 15-21, 2019

19 Contracts Signed

Nineteen contracts were signed last week at $4 million and above, a decent Easter Week total when you consider the rocky state of the Manhattan luxury market.

The No.1 contract was 10B at 150 Charles Street, asking $14.95 million--and sold in only 98 days. The condo has 3,395 square feet including 4 bedrooms and 4.5 bathrooms. A 26-foot great room, master suite, and library face the Hudson River. The owner purchased the unit off of floorplans in February 2013 and closed 3 years later for $13,275,554. Amenities include concierge, garage, fitness center, a 75-foot pool, a children’s playroom, and 33,000 square feet of landscaped garden space.

The No. 2 contract was PH3A at 1965 Broadway, asking $13.5 million. This unit in the Grand Millennium condo has 3,358 square feet including 4 bedrooms, 4.5 bathrooms, 2 terraces, and Central Park and Hudson River views. A 22’ x 28’ living room with a fireplace opens onto 30-foot terrace. The apartment needs to be renovated.



EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 4 1 0 1 Avg.Ask:
6,748,333
6
Condos 1 3 0 8 Avg.Ask:
$7,461,125
Avg.$/sq.ft.:
$2,619/sq.ft
Avg.Size:
2,849 sq.ft.
12
Condop* 0 0 0 0 Avg.Ask:
0
Townhouses Avg.Ask:
$8,950,000
Avg.$/sq.ft.:
$2,308/sq.ft.
Avg.Size:
3,872 sq.ft.
1
TOTALS 5 4 0 10 19


*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 18 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 1 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
April 15-21, 2019
Total Weekly Asking Price Sales Volume: 138,973,500

Average Asking Price: 7,314,395

Median Asking Price: 5,995,000

Average Discount from Original Ask to Last Asking Price: 11%

Average Days on Market: 565









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