Fair Housing Notice

LUXURY MARKET REPORT 2020
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
August 26-September 1, 2019

16 Contracts Signed

Sixteen contracts were signed last week at $4 million and above, a standard-issue total for the week leading into Labor Day. The top 2 signed contracts were sponsor/developer sales in new condo buildings, both designed by Pritzker Prize-winners and both started marketing in 2013.

The No. 1 contract was PH40 at 50 United Nations Plaza, asking $18.25 million, and developed by Zeckendorf. The condo has 5,893 square feet including 5 bedrooms, 2 staff rooms, and 6.5 bathrooms. A living room, dining room, and library span 63 feet and overlook the East River. The building, designed by Foster+ Partners, has a concierge, fitness center, 75-foot swimming pool, a garage, children’s playroom, and storage.

The No. 2 contract was 43C at 157 West 57th Street, asking $17.5 million, reduced from $19 million, and developed by Extell. The unit has 3,466 square feet including 4 bedrooms and 4.5 bathrooms, and features expansive views of Central Park. The condo building was designed by architect Christian de Portzamparc, with interiors by Thomas Juul-Hansen. The 90-story, 90-unit condo was built above the 5-star Park Hyatt Hotel that has a separate entrance for its 210 rooms. Amenities include a fitness center, pool, private dining, a library lounge, a performance space, and a garage.



EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 1 0 0 1 Avg.Ask:
$6,996,500
2
Condos 2 2 2 7 Avg.Ask:
$7,569,615
Avg.$/sq.ft.:
$2,553/sq.ft.
Avg.Size:
2,965 sq.ft.
13
Condop* 0 0 0 1 Avg.Ask:
$5,995,000
0
Townhouses Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
TOTALS 3 2 2 9 16


*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 16 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 0 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
August 26-September 1, 2019
Total Weekly Asking Price Sales Volume: 118,393,000

Average Asking Price: 7,399,563

Median Asking Price: 5,877,500

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

Average Days on Market: 749









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