Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
January 9-15, 2023

18 Contracts Signed

Eighteen contracts were signed last week in Manhattan at $4 million and above, 3 more than the previous week. Condos outsold co-ops, 11-4 with 1 condop and 2 townhouses in the mix.

The No. 1 contract was unit 1 at 55 Leonard Street, asking $11,995,000; it has been on and off the market since the end of April 2021. This triplex condo has 5,108 square feet including 4 bedrooms, 4 bathrooms, and 3 powder rooms. The ground floor has a gym, office, playroom, and a 26’ x 24’ media room that opens onto a 575-square-foot terrace with a grill. The middle floor is comprised of an open kitchen with a large living room and balcony. Upstairs are 4 bedrooms and a balcony. This sponsor unit comes with an attached garage and is being bought by a family currently living in Tribeca. The 4-unit condo has a virtual doorman but no other amenities.

The No. 2 contract was 59B at 15 East 30th Street, asking $11,250,000, reduced from $11.5 million when the condo started marketing off of floorplans in September 2019. Now finished, the 3-bedroom, 3.5-bathroom unit has 2,955 square feet and 14.5-foot ceilings. A living room and dining room span over 50 feet with spectacular city views from windows on 3 sides facing south, east, and west. The building, known as Madison House, has 30,000 square feet of amenities including a fitness room, yoga room, golf simulator, billiards table, children’s playroom, a 75-foot lap pool, cold plunge pool, hot tub, steam room, sauna, and a treatment room. It has a garden on the 2nd floor, and the 5th floor houses a residents’ lounge and bar, a dining room, catering kitchen, conference room, card room, and reading room. Unit 59B was bought by a New Yorker.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 1 1 1 1 Avg.Ask:
$6,211,250
4
Condos 1 2 1 7 Avg.Ask:
$7,003,272
Avg.$/sq.ft.:
$2,411/sq.ft
Avg.Size:
2,905 sq.ft.
11
Condop* 0 0 0 1 Avg.Ask:
$6,390,000
Avg.$/sq.ft.:
$2,733/sq.ft.
Avg.Size:
2,338 sq.st.
1
Townhouses 1 0 0 1 Avg.Ask:
$5,622,500
Avg.$/sq.ft.:
$1,398/sq.ft.
Avg.Size:
4,023 sq.ft.
2
TOTALS 3 3 2 10 . 18


*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 16 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 2 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
January 9-15, 2023
Total Weekly Asking Price Sales Volume: $118,515,990

Average Asking Price: $6,639,777

Median Asking Price: $5,622,500

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

Average Days on Market: 516









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

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