Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
May 1-7, 2023

30 Contracts Signed

Thirty contracts were signed last week in Manhattan at $4 million and above, 3 more than the previous week. Condos outsold co-ops, 20-7, with 1 condop, and 2 townhouses in the mix.

Stat Geek Alert: Last week marked the seventh time this year that 30 or more contracts were signed. At first blush, that may seem like a respectable number, but consider this: During the same period last year and in 2021, 30 or more contracts were signed 14 times.

The No. 1 contract was a townhouse at 33 Perry Street, asking $16.9 million, reduced from $19.5 million when it was listed in June. This 3-story, 26-foot-wide house was built as a carriage house in the 19th century. It has been divided into 3 apartments with an owner’s duplex on the top 2 floors and includes a roof garden. The house has 6,608 square feet with 6 fireplaces and arched windows.

The No. 2 contract was the 8th floor at 810 Fifth Avenue, asking $16.5 million, reduced from $22 million when it started on the market in 2020. This full-floor co-op has 4 bedrooms and 4.5 bathrooms. A 28-foot living room with a fireplace opens to a 19-foot library with a fireplace---both overlooking Central Park. Amenities in this 12-unit building include doormen and storage. The co-op board does not allow financing.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 4 3 0 0 Avg.Ask:
$8,975,714
7
Condos 2 6 3 9 Avg.Ask:
$7,388,300
Avg.$/sq.ft.:
$2,863/sq.ft.
Avg.Size:
2,581 sq.ft.
20
Condop* 0 0 1 Avg.Ask:
$8,750,000
Avg.$/sq.ft.:
$3,629/sq.ft.
Avg.Size:
2,411 sq.ft.
1
Townhouses 1 0 0 1 Avg.Ask:
$11,900,000
Avg.$/sq.ft.:
$2,160/sq.ft.
Avg.Size:
5,510 sq.ft.
2
TOTALS 7 9 3 11 . 30


*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 28 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 28 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
May 1-7, 2023
Total Weekly Asking Price Sales Volume: $242,800,900

Average Asking Price: $8,093,366

Median Asking Price: $6,825,000

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

Average Days on Market: 689









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