Fair Housing Notice

LUXURY MARKET REPORT 2022
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
August 29-September 4, 2022

20 Contracts Signed

Twenty contracts were signed last week in Manhattan at $4 million and above, 1 fewer than the previous week. Condos outsold co-ops, 16-4.

Stat Geek Alert: The week’s performance beat the 10-year average of 17 signed contracts for the week before Labor Day.

The No. 1 contract was the 5th floor at 150 Wooster Street, asking $18 million; it was listed in the middle of July. The seller purchased the loft-style condo from the sponsor in 2018 for $13,899,112. The full-floor unit has 4,271 square feet including 4 bedrooms and 4.5 bathrooms. A 24’ x 34’ great room with a gas fireplace faces Wooster Street. A large eat-in kitchen opens onto a 184-square-foot balcony. Completed in 2018, 150 Wooster is a 6-unit condo with a fulltime doorman.

The No. 2 contract was 46C at 157 West 57th Street, asking $13.9 million, reduced from $18.5 million when it was listed by the sponsor in 2013. The condo has 3,466 square feet with 3 bedrooms and 3.5 bathrooms. The living room and master bedroom have views of Central Park. The building was designed by Pritzker Prize-winning architect Christian de Portzamparc, with interiors by Thomas Juul-Hansen. The 90-story, 90-unit condo was built above the 5-star Park Hyatt Hotel, which has a separate entrance for its 210 rooms. Amenities include use of hotel services, a fitness center, pool, private dining, a library lounge, performance space, and a garage.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 3 0 0 1 Avg.Ask:
$6,774,500
4
Condos 1 4 3 8 Avg.Ask:
$7,729,063
Avg.$/sq.ft.:
$2,820/sq.ft.
Avg.Size:
2,741 sq.ft.
16
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
TOTALS 4 4 3 9 . 20


*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 20 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 0 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
August 29-September 4, 2022
Total Weekly Asking Price Sales Volume: $150,763,000

Average Asking Price: $7,538,150

Median Asking Price: $6,050,000

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

Average Days on Market: 705









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