Fair Housing Notice

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

41 Contracts Signed

Forty-one contracts were signed last week at $4 million and above in Manhattan, tying the highest total of 2022. Condos outsold co-ops, 25-11, and 5 townhouses were in the mix.

Stat Geek Alert: It was the year’s biggest week in co-op sales since mid-December, with 7 of the 11 co-op deals on the Upper East Side.

The No. 1 contract was 27A at 15 Central Park West, asking $25 million; it was listed in November. The seller paid $24.5 million in 2011 for this condo that has 3,105 square feet including 3 bedrooms and 3.5 bathrooms. The living room and master bedroom have spectacular views of Central Park. It is the fourth time this year that a unit in 15 Central Park West has taken either the No. 1 or 2 spot in this report.

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.

The No. 2 contract was PHCD at 37 Warren Street, asking $19.995 million; it was listed in December. The seller paid $12,728,125 in July 2014. This duplex condo has 5,499 square feet with 4 bedrooms and 5.5 bathrooms. The downstairs features a 35-foot living room with a gas fireplace, dining room and eat-in kitchen, plus another 26-foot great room--all surrounded by a landscaped terrace totaling 1,345-square feet. An upstairs master bedroom has 2 en-suite bathrooms, 2 dressing rooms, and a sitting room. Amenities in this 17-unit building include a doorman, gym, storage, and a roof deck.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 6 2 0 3 Avg.Ask:
$7,523,182
11
Condos 4 4 2 15 Avg.Ask:
$8,049,560
Avg.$/sq.ft.:
$2,853/sq.ft.
Avg.Size:
2,821 sq.ft.
25
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 2 1 0 2 Avg.Ask:
$7,045,000
Avg.$/sq.ft.:
$1,478/sq.ft.
Avg.Size:
4,768 sq.ft.
5
TOTALS 12 7 2 20 . 41


*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 36 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 36 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
March 7-13, 2022
Total Weekly Asking Price Sales Volume: $319,218,990

Average Asking Price: $7,785,829

Median Asking Price: $6,595,000

Average Discount from Original Ask to Last Asking Price: 7%

Average Days on Market: 493









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