Fair Housing Notice

LUXURY MARKET REPORT 2021
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
July 26-August 1, 2021

21 Contracts Signed

Twenty-one contracts were signed last week at $4 million and above, 18 fewer than the previous week. Condos outsold co-ops, 15 to 2, and there were 4 townhouses in the mix.

Stat Geek Alert: Last week marked the lowest totals of both contracts signed and dollar volume since the 3rd week in January, when 14 contracts were signed. Nevertheless, 21 contracts is indicative of a stable market and certainly a respectable showing for the middle of summer when so many of the luxury buyers are away.

The No. 1 contract was PH10A at 90 Morton Street, asking $18 million. The condo has 3,678 square feet including 3 bedrooms, 3.5 bathrooms, and a 610-square-foot landscaped terrace off the living room, kitchen, and one of the bedrooms. The seller paid $12,600,844 in June 2019. 90 Morton is a former printing plant that was converted into a 12-story, 28-unit condo; it 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. The buyer was from New York.

The No. 2 contract was 10D at 212 West 18th Street, asking $14.9 million. The Walker Tower condo has 3,199 square feet including 3 bedrooms, 3.5 bathrooms, and a spectacular 1,026-square-foot terrace. It features 14-foot ceilings and a 27-foot master suite. The seller paid $16.9 million in January 2017. Amenities include a concierge, 24-hour doorman, lounge, playroom, gym, sauna, and roof deck.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 1 0 1 0 Avg.Ask:
$7,875,000
2
Condos 5 1 1 8 Avg.Ask:
$8,099,133
Avg.$/sq.ft.:
$3,123/sq.ft.
Avg.Size:
2,593 sq.ft.
15
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 1 1 2 Avg.Ask:
$7,036,250
Avg.$/sq.ft.:
$1,490/sq.ft.
Avg.Size:
4,723 sq.ft.
4
TOTALS 6 2 3 10 . 21


*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 17 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 4 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
July 26-August 1, 2021
Total Weekly Asking Price Sales Volume: $165,381,990

Average Asking Price: $7,875,333

Median Asking Price: $6,585,990

Average Discount from Original Ask to Last Asking Price: 4%

Average Days on Market: 494









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