Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
January 23-29, 2023

15 Contracts Signed

Fifteen contracts were signed last week in Manhattan at $4 million and above, two fewer than the previous week. Condos tied co-ops, 7-7, and 1 townhouse was in the mix. The volume was a lowly $114,539,000 with only 1 property cracking $10 million. It’s been 5 weeks since Manhattan has registered 20 or more weekly contracts signed at $4 million and above.

Stat Geek Alert: The last time co-ops and condos tied was the week of December 14-20, 2020, when condos and co-ops also posted a 7-7 tie.

The No. 1 contract was PHA at 10 Riverside Boulevard (a.k.a. One Waterline Square), asking $27 million. The condo has 6,566 square feet including 5 bedrooms, 6.5 bathrooms, and spectacular views of the Hudson River and the city. A 50-foot living room with a fireplace opens onto a partially enclosed, 986-square-foot terrace that functions like a cabana. It also has a library, a master with a huge dressing room, and a large kitchen that opens onto a family room.

PHA is the most expensive unit to go to contract in the Waterline Square complex, one of three new buildings on a 5-acre parcel on Riverside between 59th and 61st Street. One Waterline has 56 condos on 37 floors, plus 216 rentals; it was designed by Pritzker-prize winning architect Richard Meier. Owners have access to a robust amenity package, including a large fitness center with a gym, an indoor tennis court, a 25-meter lap pool with an adjacent children’s pool and spa pool, full-court basketball, squash court, indoor soccer field, rock climbing wall, golf simulator, children’s room, game room, music and recording studio, art studio, screening room, dog playroom, and storage.

The No. 2 contract was 19C at 930 Fifth Avenue, asking $9.25 million, reduced from $11.5 million when it was listed in September 2021; it later cycled through 2 brokerage firms. The co-op has 2 bedrooms and 2 bathrooms, plus 2 terraces. The master bedroom faces Central Park as does the living room with a fireplace and a terrace. The dining room opens onto a 28-foot terrace with an awning and faces south. Amenities include a doorman, a gym, and bike room. The co-op board allows 33% financing but no pets. The seller paid $7.5 million for the unit in 2010.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 4 1 1 1 Avg.Ask:
$7,470,000
7
Condos 2 2 0 3 Avg.Ask:
$8,177,143
Avg.$/sq.ft.:
$3,153/sq.ft.
Avg.Size:
2,594 sq.ft.
7
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 1 0 Avg.Ask:
$5,000,000
Avg.$/sq.ft.:
$1,389/sq.ft.
Avg.Size:
3,600 sq.ft.
1
TOTALS 6 3 2 4 . 15


*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 14 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 1 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 23-29, 2023
Total Weekly Asking Price Sales Volume: $114,539,000

Average Asking Price: $7,635,933

Median Asking Price: $5,850,000

Average Discount from Original Ask to Last Asking Price: 8%

Average Days on Market: 557









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

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