Fair Housing Notice

LUXURY MARKET REPORT 2021
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
June 28-July 4, 2021

33 Contracts Signed

Here we go again!

Thirty-three contracts were signed last week in Manhattan at $4 million and above, extending the streak of 30 or more contracts signed to an astonishing 22 straight weeks.

Stat Geek Alert: Only 7 condo deals were inked by developers, the lowest total since the 3rd week in January. The dollar volume of $237,050,000 was also the lowest total since the last week in January.

The No. 1 contract was 16B at 21 East 61st Street, asking $15.5 million. The seller paid $21,641,067.50 in June 2015. The co-op has 3,582 square feet including 3 bedrooms, a library, and 4.5 bathrooms. Over 1,100 square feet of terrace space surrounds the apartment, which has Central Park views. The building was the former Carlton Hotel; it was converted into a co-op in 2013 with a land lease and condo rules. Amenities include a concierge, doorman, a 65-foot swimming pool, a fitness center, a bike room, and storage.

The No. 2 contract was 33A at 200 Amsterdam Avenue, asking $14 million. The condo has 3,188 square feet including 4 bedrooms and 4.5 bathrooms. A 33-foot corner great room with 10-foot ceilings, master suite, and 2nd bedroom open onto a 326-square foot terrace that overlooks Central Park. The buyer is a New Yorker who has owned on the Upper West Side before. 200 Amsterdam is a new condo that is close to completion and comprises 112 units on 52 floors. Closings are expected to start in 6 to 12 weeks. Amenities include a concierge, fitness center, a 75-foot saline pool, children’s playroom, private dining room and resident’s lounge, plus a pet grooming room.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 5 1 0 2 Avg.Ask:
$7,261,875
8
Condos 5 3 0 11 Avg.Ask:
$7,461,316
Avg.$/sq.ft.:
$2,710/sq.ft.
Avg.Size:
2,753 sq.ft.
19
Condop* 0 0 0 1 Avg.Ask:
$4,250,000
Avg.$/sq.ft.:
$2,462/sq.ft.
Avg.Size:
1,726 sq.ft.
1
Townhouses 2 2 0 1 Avg.Ask:
$6,768,000
Avg.$/sq.ft.:
$1,257/sq.ft.
Avg.Size:
5,384 sq.ft.
5
TOTALS 12 6 0 15 . 33


*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 28 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 28 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

© 2024 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
June 28-July 4, 2021
Total Weekly Asking Price Sales Volume: $237,950,000

Average Asking Price: $7,210,606

Median Asking Price: $6,800,000

Average Discount from Original Ask to Last Asking Price: 5%

Average Days on Market: 388









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