Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
May 15-21, 2023

27 Contracts Signed

Twenty-seven contracts were signed last week in Manhattan at $4 million and above, 13 fewer than the previous week’s record-breaking, one-year high total of 40. Condos outsold co-ops, 21-3, and 3 townhouses were in the mix.

The No. 1 contract was PH at 60 Collister Street, asking $26.95 million; it was listed in December. The duplex penthouse condo has 5,126 square feet including 6 bedrooms, 5.5 bathrooms, and terraces on 2 floors that total 700 square feet. Downstairs is an entertaining space and most of the bedrooms. Upstairs is the master bedroom and a glass solarium sitting room. The unit is in excellent condition and includes a deeded parking space. The building was originally constructed in 1866 as a stable for carriage horses that delivered packages and telegraphs for the American Express Company. Amenities in the 15-unit building include a doorman and garage.

The No. 2 contract was PHD at 360 Central Park West, asking $14.795 million; it was listed last July. The duplex penthouse condo is on the 17th and 18th floors and has 4,223 square feet including 5 bedrooms and 5.5 bathrooms. The 18th floor has views of Central Park from a 1,450-square-foot terrace that surrounds a glass solarium and a bedroom/den. Amenities include a doorman, fitness center, children’s playroom, and a pet-washing facility.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 1 1 0 1 Avg.Ask:
$5,498,333
3
Condos 1 6 3 11 Avg.Ask:
$7,158,333
Avg.$/sq.ft.:
$2,906/sq.ft.
Avg.Size:
2,463 sq.ft.
21
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 1 1 0 1 Avg.Ask:
$10,416,667
Avg.$/sq.ft.:
$1,398/sq.ft.
Avg.Size:
7,450 sq.ft.
3
TOTALS 3 8 3 13 . 27


*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 24 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 3 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 15-21, 2023
Total Weekly Asking Price Sales Volume: $198,069,999

Average Asking Price: $7,335,926

Median Asking Price: $5,650,000

Average Discount from Original Ask to Last Asking Price: 1%

Average Days on Market: 562









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

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