Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
September 11-17, 2023

10 Contracts Signed

Ten contracts were signed in Manhattan last week at $4 million and above, 8 fewer than the previous week. Condos outsold co-ops, 7-1, and 2 townhouses were in the mix.

Stat Geek Alert: Last week’s total of 10 contracts was the lowest since the week of September 5-11, 2022, when 10 contracts were also signed. September is often the worst month of the year for luxury sales because of the Labor Day holiday, back-to-school distractions, and the Jewish holidays. As it happens, the third quarter is typically the worst of the year.

The No. 1 contract was a townhouse at 60 East 66th Street, asking $13.75 million, reduced from $18.5 million when it was listed in August 2017. The 6-story, 20-foot-wide limestone house has 9,769 square feet. It has been configured into 10 free-market units with an elevator. Annual real estate taxes are $133,756. The seller purchased the house for $5.85 million in February 2010.

The No. 2 contract was Unit 1104 at 515 West 18th Street, asking $8,750,000, lowered from $10,950,000 when the building started marketing in the summer 2020. The condo has 2,536 square feet including 3 bedrooms and 3.5 bathrooms. A 42-foot great room and master bedroom open onto a 1,158 square-foot terrace with peeks of the Hudson River. The building, known as The Lantern, was designed by Heatherwick Studio (architects of the Vessel at Hudson Yards and Little Island). Amenities include a doorman, a health club that features a 75-foot swimming pool, infrared sauna, cold plunge, hot tub, massage/treatment room, steam rooms, a playroom, library, game room, and a yoga and meditation room overlooking the High Line Park.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 0 0 0 1 Avg.Ask:
$5,600,000
1
Condos 1 2 0 4 Avg.Ask:
$5,613,571
Avg.$/sq.ft.:
$2,675 sq.ft.
Avg.Size:
2,098 sq.ft.
7
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 1 1 0 0 Avg.Ask:
$9,350,000
Avg.$/sq.ft.:
$1,180/sq.ft.
Avg.Size:
7,296 sq.ft.
2
TOTALS 2 3 0 5 . 10


*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 8 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
September 11-17, 2023
Total Weekly Asking Price Sales Volume: $63,595,000

Average Asking Price: $6,359,500

Median Asking Price: $5,475,000

Average Discount from Original Ask to Last Asking Price: 15%

Average Days on Market: 1183









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

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