Fair Housing Notice

LUXURY MARKET REPORT 2022
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
February 7-13, 2022

30 Contracts Signed

Thirty contracts were signed last week at $4 million and above, 10 fewer than the previous week. Condos outsold co-ops, 18-8, and 4 townhouses were in the mix.

The No. 1 contract was Unit 56 at 23 East 22nd Street, asking $16,995,000. This full-floor condo has 3,310 square foot condo including 4 bedrooms and 3.5 bathrooms. It was purchased for $9,730,952 in December 2018, and then the owner spent the next 2 years gut renovating it. The building is known as One Madison, and has amenities that include a doorman, concierge, fitness center, pool, steam room, screening room, and a private dining room.

The No. 2 contract was 16B at 15 Central Park West, asking $15.25 million, reduced from $15.5 million when it was listed in October. The unit has 2,367 square feet including 2 bedrooms and 2.5 bathrooms. A side-by-side living room and dining room spanning 27 feet overlook Central Park.

15 Central Park West was designed by architect Robert A.M. Stern. Amenities include a 14,000-square-foot fitness center with a 75-foot pool, a private restaurant for residents only, a landscaped motor court and garage, library, business center, game room, outdoor terrace, and children’s playroom.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 5 3 0 0 Avg.Ask:
$6,871,875
8
Condos 2 6 3 7 Avg.Ask:
$8,734,444
Avg.$/sq.ft.:
$3,119/sq.ft.
Avg.Size:
2,801 sq.ft.
18
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 2 0 2 Avg.Ask:
$8,287,500
Avg.$/sq.ft.:
$1,612/sq.ft.
Avg.Size:
5,143 sq.ft.
4
TOTALS 7 11 3 9 . 30


*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 26 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 26 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
February 7-13, 2022
Total Weekly Asking Price Sales Volume: $245,344,999

Average Asking Price: $8,178,167

Median Asking Price: $7,245,000

Average Discount from Original Ask to Last Asking Price: 1%

Average Days on Market: 349









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