Fair Housing Notice

LUXURY MARKET REPORT 2021
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
December 13-19, 2021

54 Contracts Signed

Fifty-four contracts were signed last week at $4 million and above in Manhattan, marking a record 6th time this year that 50 or more contracts were signed. Condos outsold co-ops, 36 to 11, and 7 townhouses were in the mix.

The No. 1 contract was 15A at 378 West End Avenue, asking $25.95 million. The duplex has 7,485 square feet including 6 bedrooms and 7.5 bathrooms. The upstairs has a 997-square-foot terrace surrounding the living room, eat-in kitchen, master bedroom, and library. Four bedrooms are upstairs and two bedrooms are downstairs. This new, 57-unit condo was designed by CookFox, and features over 11,000 square feet of amenities including a doorman, fitness center, 75-foot saline lap pool, regulation squash court, half-court basketball court, children’s playroom, music room, pet-grooming facility, storage, and garage.

The No. 2 contract was PH19W at 135 East 79th Street, asking $20 million, reduced from $22.5 million when it was listed in April. The seller paid $22,705,313 in 2014, when the unit was purchased from the sponsor. This 11-room duplex condo has 5,429 square feet including 5 bedrooms and 4.5 bathrooms. Downstairs is a living room with a terrace, formal dining room, eat-in kitchen, and staff room. Upstairs are 4 bedrooms. Amenities in this 31-unit, 20-story building include concierge, doorman, fitness center, garden terrace, library lounge, storage, wine lockers, and catering kitchen.

On Wednesday, December 22, we will be releasing our Annual Report on the luxury market.

Stay Safe!!!!



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 4 1 0 6 Avg.Ask:
$6,330,909
11
Condos 4 3 1 28 Avg.Ask:
$8,284,306
Avg.$/sq.ft.:
$2,782/sq.ft.
Avg.Size:
2,978 sq.ft.
36
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 3 0 0 4 Avg.Ask:
$9,092,143
Avg.$/sq.ft.:
$1,927/sq.ft.
Avg.Size:
4,719 sq.ft.
7
TOTALS 11 4 1 38 . 54


*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 47 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 47 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 7 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
December 13-19, 2021
Total Weekly Asking Price Sales Volume: $431,564,000

Average Asking Price: $7,991,926

Median Asking Price: $6,472,500

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

Average Days on Market: 679









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