Fair Housing Notice

LUXURY MARKET REPORT 2022
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
November 14-20, 2022

17 Contracts Signed

Seventeen contracts were signed last week at $4 million and above, 7 fewer than the previous week. Condos outsold co-ops, 12-5.

The No. 1 contract was 124 at 217 West 57th Street, a sponsor unit asking $66 million. It encompasses the entire 124th floor. It has 7,074 square feet that includes 5 bedrooms, 5.5 bathrooms, and a 31’ x 50’ living room with windows on 3 sides that offer sweeping views of Central Park and the city. A master bedroom suite with a gigantic bathroom and sitting room occupies the entire west wing of the apartment. It is in Central Park Tower, a 1,550-foot-tall skyscraper with 179 units that started marketing in 2018 as the world’s tallest residential building. Over 50,000 square feet of amenities include indoor and outdoor pools, a fitness center, a children’s playroom, and a club room on the 100th floor that includes a ballroom, bar, dining facilities, and a cigar lounge. A similar sponsor unit on the 123rd floor closed in May for $48,489,876. Year-to-date, 29 units have closed in Central Park Tower averaging $5,132/sq.ft. with an average size of 2,958 sq.ft.

The No. 2 contract was PH2 at 22 Bond Street, asking $17.5 million, reduced from $21,748,500. It started marketing off of floorplans in 2015, and has since cycled through 4 brokerage firms. Now finished, the triplex penthouse condo has 3,840 square feet including 3 bedrooms, 3.5 bathrooms, and outdoor space totaling 913 square feet. The unit has high ceilings and a roof terrace with an outdoor kitchen. This 6-unit building has a part-time doorman and a landscaped courtyard. The buyer is from the Texas tech industry.

Happy Thanksgiving To All!



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 2 2 0 1 Avg.Ask:
$5,238,000
5
Condos 2 3 1 6 Avg.Ask:
$11,624,615
Avg.$/sq.ft.:
$3,697/sq.ft.
Avg.Size:
3,144 sq.ft.
12
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 5 1 7 . 17


*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 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

© 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
November 14-20, 2022
Total Weekly Asking Price Sales Volume: $172,459,999

Average Asking Price: $10,144,706

Median Asking Price: $5,995,000

Average Discount from Original Ask to Last Asking Price: 4%

Average Days on Market: 590









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