Fair Housing Notice

LUXURY MARKET REPORT 2022
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
March 28-April 3, 2022

31 Contracts Signed

Thirty-one contracts were signed last week at $4 million and above in Manhattan, two fewer than the previous week. Condos outsold co-ops, 21-6, and 4 townhouses were in the mix.

The No. 1 contract was a brownstone at 32 West 76th Street, asking $25.975 million, reduced from $27.5 million when it was listed in August 2021. The seller paid $10 million in 2014 and then gut renovated. This 7-story, 22-foot-wide house has 11,100 square feet including 6 bedrooms, 6 bathrooms, 3 powder rooms, and an elevator. It has over 2,200 square feet of outdoor space over multiple terraces, including a spectacular roof terrace with an outdoor kitchen. Other features are an indoor basketball court, recreation room, wine cellar, and a gym.

The No. 2 contract was 56A at 53 West 53rd Street, asking $17.75 million, reduced from $22.050 million when the building started marketing off of floorplans in 2015. The condo has 3,825 square feet including 3 bedrooms and 3.5 bathrooms. The unit has north and east views of Central Park and the city, 11-foot ceilings, a 39-foot living room, and a 23-foot master bedroom.

53 West 53rd Street was designed by Pritzker Prize-winning architect Jean Nouvel, with interiors by Thierry Despont. Amenities include a concierge, fitness center, 65-foot lap pool, golf simulator, wine room, library, theater, storage, and a children’s playroom.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 2 1 0 3 Avg.Ask:
$7,411,667
6
Condos 4 5 3 9 Avg.Ask:
$8,747,857
Avg.$/sq.ft.:
$3,146/sq.ft.
Avg.Size:
2,781 sq.ft.
21
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 1 1 0 2 Avg.Ask:
$12,391,250
Avg.$/sq.ft.:
$2,042/sq.ft.
Avg.Size:
6,068 sq.ft.
4
TOTALS 7 7 3 14 . 31


*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 27 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 27 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
March 28-April 3, 2022
Total Weekly Asking Price Sales Volume: $277,739,990

Average Asking Price: $8,959,355

Median Asking Price: $6,995,000

Average Discount from Original Ask to Last Asking Price: 6%

Average Days on Market: 636









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