Fair Housing Notice

LUXURY MARKET REPORT 2022
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
September 12-18, 2022

20 Contracts Signed

Twenty contracts were signed last week at $4 million and above in Manhattan, double the prior week’s total. Last week’s total was not only a robust rebound, it was a particularly unexpected performance when you consider that it came in the wake of one of Wall Street’s worst weeks of the year. Condos outsold coops, 12-4, with 3 townhouses and 1 condop in the mix.

Stat Geek Alert: Here’s an interesting stat, make of it what you will: In the midst of Tuesday’s stock market crash---when the Dow plummeted 1,276 points---4 contracts were signed. Then, as the Dow continued to slide further during the week, 3 contracts were signed on Wednesday; 5 on Thursday; and 4 on Friday. None were reported over the weekend.

The No. 1 contract was PH90 at 35 Hudson Yards, asking $49 million, reduced from $59 million when the building started marketing in 2019. It is one of the top 10 contracts of the year. The sponsor unit has 10,171 square feet including 5 bedrooms and 8.5 bathrooms. The condo features 14-foot ceilings, a 454-square-foot terrace, and spectacular views of the Hudson River, bridges, and the city. Amenities include a doorman, fitness center, yoga studio, golf simulator, screening room, dining room, and a residents’ lounge with a terrace.

The No. 2 contract was a townhouse at 137 West 13th Street, asking $23.5 million, reduced from $25 million when it was listed in June. The 21-foot-wide townhouse has 7,386 square feet with 5 bedrooms, 6 bathrooms, 2 powder rooms, 4 fireplaces, 4 terraces, a garden, and an elevator. The house was recently gut-renovated, and the cellar was excavated to create a 9-foot ceiling that houses a screening room, gym, infrared sauna with an adjacent shower, powder room, laundry, and wine room.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 3 1 0 0 Avg.Ask:
$9,347,250
4
Condos 1 2 1 8 Avg.Ask:
$9,564,917
Avg.$/sq.ft.:
$3,208/sq.ft.
Avg.Size:
2,982 sq.ft.
12
Condop* 0 0 0 1 Avg.Ask:
$4,950,000
Avg.$/sq.ft.:
$1,597/sq.ft.
Avg.Size:
3,100 sq.ft.
1
Townhouses 0 0 0 3 Avg.Ask:
$11,996,667
Avg.$/sq.ft.:
$2,864/sq.ft.
Avg.Size:
4,189 sq.ft.
3
TOTALS 4 3 1 12 . 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 17 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 3 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

© 2024 Olshan Realty | All Rights Reserved.
This website, its content, and the Olshan Luxury Report is copyright of Olshan Realty.



Source: Olshan Realty




QUICK STATS

for the week of
September 12-18, 2022
Total Weekly Asking Price Sales Volume: $193,108,000

Average Asking Price: $9,655,400

Median Asking Price: $5,162,500

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

Average Days on Market: 521









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This website, its content, and the Olshan Luxury Report is copyright of Olshan Realty.

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