Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
September 4-10, 2023

18 Contracts Signed

Eighteen contracts were signed in Manhattan last week at $4 million and above, the same total as the previous week. Condos outsold co-ops, 11-4, with 3 townhouses in the mix.

Stat Geek Alert: Last week’s total outperformed the 10-year, post-Labor Day week average of 16 contracts signed.

The No. 1 contract was 92E at 217 West 57th Street, asking $38,448,000. The unit has 11-foot, 7-inch-high ceilings and 4,251 square feet that includes 4 bedrooms, and 4.5 bathrooms; it has sweeping views of Central Park from the living room, dining room, and eat-in kitchen.

The unit is in Central Park Tower, a 1,550-foot-tall skyscraper with 179 units and over 50,000 square feet of amenities including indoor and outdoor pools, a fitness center, a children’s playroom, and a club room with a ballroom, bar, dining facilities, and a cigar lounge.

The No. 2 contract was the 8th floor at 1165 Madison Avenue, asking $22 million. It was listed at the end of August and sold over the asking price because of multiple bidders on the property. The unit has 6,094 square feet with nearly 14-foot ceilings, 5 bedrooms, and 6.5 bathrooms. It is in the newly completed 12-unit, 13-story condo called The Bellemont, designed by architect Robert A.M Stern. Amenities include a concierge, fitness center, squash court, roof terrace, children’s playroom, and screening room. The seller paid $19,088,024 in May 2022.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 2 0 1 1 Avg.Ask:
$8,473,750
4
Condos 2 0 3 6 Avg.Ask:
$12,825,722
Avg.$/sq.ft.:
$3,709/sq.ft.
Avg.Size:
3,458 sq.ft.
11
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 0 3 Avg.Ask:
$6,146,667
Avg.$/sq.ft.:
$1,367/sq.ft.
Avg.Size:
4,495 sq.ft.
3
TOTALS 4 0 4 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 15 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
September 4-10, 2023
Total Weekly Asking Price Sales Volume: $193,418,000

Average Asking Price: $10,745,444

Median Asking Price: $7,122,500

Average Discount from Original Ask to Last Asking Price: 3%

Average Days on Market: 948









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