Fair Housing Notice

LUXURY MARKET REPORT 2021
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
June 21-27, 2021

35 Contracts Signed

Thirty-five contracts were signed last week at $4 million and above, 6 fewer than the previous week. Still, the streak of 30 or more contracts signed at $4 million and above and is now up to 21 straight weeks.

Stat Geek Alert: Since the end of April, the market has started to tighten in terms of negotiability and days on the market. The average discount from the original asking price to the last asking price is now 8% compared to the year-to-date average of 11%. The average days on the market during this nine-week period is 503 days compared to 601 for the year.

The No. 1 contract last week was PHB at 67 Vestry Street, asking $22.5 million. This 4-bedroom, 4.5-bath condo has 3,513 square feet with a terrace that wraps around the apartment and totals 2,337 square feet. The unit offers a 75-foot expanse overlooking the Hudson River including a 38-foot great room with a fireplace. The penthouse is one of the most expensive condos to sell in Tribeca this year. 67 Vestry is a 13-unit building, designed by Gachot Studios, that is under construction, and designed with the following amenities: 24-hour doorman, fitness center, lap pool, steam and sauna rooms, a game room, and storage. Parking is also available for purchase.

The No. 2 contract was PH65 at 130 William Street, asking $20 million. It is one of the highest asking prices for a Financial District condo that has ever been recorded in this report. This 4 bedroom, 4.5 bathroom condo has 4,665 square feet with terraces and loggias totaling 2,312 square feet. The ceiling height in the unit is up to 12 feet. Building amenities include a concierge, heath club with an infinity-edge pool, hot and cold plunge pools, yoga room, golf simulator, indoor and outdoor lounges with catering kitchens, children’s playroom, and a roof deck.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 6 3 0 1 Avg.Ask:
$7,578,000
10
Condos 3 4 0 12 Avg.Ask:
$9,376,842
Avg.$/sq.ft.:
$2,934/sq.ft.
Avg.Size:
3,196 sq.ft.
19
Condop* 1 0 0 0 Avg.Ask:
$7,245,000
Avg.$/sq.ft.:
$2,456/sq.ft.
Avg.Size:
2,950 sq.ft.
1
Townhouses 2 2 0 1 Avg.Ask:
$12,098,800
Avg.$/sq.ft.:
$1,877/sq.ft.
Avg.Size:
6,446 sq.ft.
5
TOTALS 12 9 0 14 . 35


*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 30 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 30 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



Source: Olshan Realty




QUICK STATS

for the week of
June 21-27, 2021
Total Weekly Asking Price Sales Volume: $321,678,999

Average Asking Price: $9,190,829

Median Asking Price: $8,750,000

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

Average Days on Market: 463









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