Fair Housing Notice

LUXURY MARKET REPORT 2022
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
October 10-16, 2022

24 Contracts Signed

Twenty-four contracts were signed last week at $4 million and above in Manhattan, double the previous week’s total, snapping three straight weeks of a decline in sales. Condos outsold co-ops, 15-5, and 4 townhouses were in the mix.

Stat Geek Alert: Six contracts were signed north of $10 million, the highest number of trophy properties sold since the week of May 9, when 7 were sold.

The No. 1 contract was a townhouse at 267 West 11th Street, asking $25 million. It was an off-market deal, and reliable sources reported that the contract was signed at $23 million. This 4-story Greek revival house is 23-feet wide and built on a 25-foot-wide lot. It has a carriage house in the back and a horse walk/trail at the side of the property. The house has 6,144 square feet and an elevator. It comes with a set of approved plans from the NYC Landmark Preservation Commission, including a metal-and-glass rear curtain wall for the main house and a skylight and glass windows on all sides for the carriage house. The sellers paid $7.25 million in November 2010.

The No. 2 contract was Duplex2 at 3 East 95th Street, asking $23.9 million, reduced from $28.4 million when it was listed in March 2020. This duplex condo has 10,350 square feet including 5 bedrooms and 5.5 bathrooms. It is in the Carhart Mansion, an 88-foot-wide, 7-story limestone house that was turned into a 4-unit condo in 2004. Downstairs is a 45-foot living room with a fireplace and 18.5-foot ceilings, a master bedroom, 2 studies (one with a fireplace), a formal dining room, kitchen, breakfast room, and a master bedroom with a dressing room. Upstairs are 4 bedrooms, a gym, and a laundry room. Monthly common charges and taxes total $38,880. Amenities include a fulltime doorman. The sellers paid $15,782,875 in 2005.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 1 3 0 1 Avg.Ask:
$5,455,000
5
Condos 1 6 2 6 Avg.Ask:
$8,122,000
Avg.$/sq.ft.:
$2,619/sq.ft.
Avg.Size:
3,101 sq.ft.
15
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 2 0 0 2 Avg.Ask:
$11,797,500
Avg.$/sq.ft.:
$2,587/sq.ft.
Avg.Size:
4,561 sq.ft.
4
TOTALS 4 9 2 9 . 24


*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 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

© 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
October 10-16, 2022
Total Weekly Asking Price Sales Volume: $198,295,000

Average Asking Price: $8,262,292

Median Asking Price: $5,972,500

Average Discount from Original Ask to Last Asking Price: 9%

Average Days on Market: 540









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