Fair Housing Notice

LUXURY MARKET REPORT 2021
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
May 24-30, 2021

40 Contracts Signed

Forty contracts were signed last week at $4 million and above in Manhattan, three more than the previous week. Condos outsold co-ops, 33 to 4, and 3 townhouses were in the mix. The extraordinary streak of 30 or more contracts signed now extends to 17 weeks in a row.

The No. 1 contract was a townhouse at 76 Washington Place, asking $17.75 million; it was listed at the end of April. The 5-story, 22-foot-wide house has 4,636 square feet including 5 bedrooms and 5 bathrooms. More than 1,300 square feet of outdoor space features a large garden and terraces off the parlor, third and fourth floors. The sellers bought the house in 2006 for $5.5 million and gut renovated it. The house does not have an elevator.

The No. 2 contract was PH10B at 90 Morton Street, asking $17.7 million. The penthouse condo has 3,593 square feet including 3 bedrooms, 4.5 bathrooms, and ceilings that are 10-7’. The unit features a 532-square-foot terrace off a 45-foot great room with a gas fireplace. It is the last sponsor unit to sell in this former printing plant that was converted into a 12-story, 28-unit condo that started marketing off of floorplans in the Fall of 2017. Amenities include a concierge, covered driveway, a fitness center, a 64-foot pool, residents’ lounge, children’s playroom, and a rooftop terrace with an outdoor kitchen.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 1 1 0 2 Avg.Ask:
$7,117,500
4
Condos 7 6 2 18 Avg.Ask:
$6,184,970
Avg.$/sq.ft.:
$2,571/sq.ft.
Avg.Size:
2,406 sq.ft.
33
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 1 0 0 2 Avg.Ask:
$17,183,333
Avg.$/sq.ft.:
$2,146/sq.ft.
Avg.Size:
8,009 sq.ft.
3
TOTALS 9 7 2 22 . 40


*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 37 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 37 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



Source: Olshan Realty




QUICK STATS

for the week of
May 24-30, 2021
Total Weekly Asking Price Sales Volume: $284,124,000

Average Asking Price: $7,103,100

Median Asking Price: $5,499,500

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

Average Days on Market: 615









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