Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
October 30-November 5, 2023

24 Contracts Signed

Twenty-four contracts were signed in Manhattan last week at $4 million and above, double the previous week’s total. Condos outsold co-ops, 13-7, with 3 condops and 1 townhouse in the mix.

The No. 1 contract was 43N at 50 West 66th Street, asking $23.25 million; it started marketing off of floorplans in the summer of 2022. The condo has 3,395 square feet including 4 bedrooms and 4.5 bathrooms. A living room with a loggia has views of Central Park. That marked the 4th time this year that a unit in 50 West 66th Street has taken the No.1 spot in this report. Amenities in the 39-story, 122-unit condo include doormen, a fitness center, indoor lap pool, an outdoor saltwater pool and jacuzzi, basketball and pickleball courts, screening room, game room, bike room, and dog-washing facility.

The No. 2 contract was the 6th floor at 944 Fifth Avenue, asking $17.75 million, reduced from $19.75 million when it was listed in April. The co-op was sold by the estate of Barbara Walters, the legendary TV journalist who died in December 2022. The unit has 5 bedrooms, 5.5 bathrooms, and 10-foot ceilings. The living room with a fireplace, library, and master bedroom with a fireplace face Central Park. The maintenance is $19,423. The co-op board allows 33% financing, and amenities include a doorman and gym.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 4 0 0 3 Avg.Ask:
$7,867,857
7
Condos 2 4 1 6 Avg.Ask:
$7,346,338
Avg.$/sq.ft.:
$2,837/sq.ft.
Avg.Size:
2,590 sq.ft.
13
Condop* 0 0 0 3 Avg.Ask:
$5,430,000
Avg.$/sq.ft.:
$2,354/sq.ft.
Avg.Size:
2,307 sq.ft.
3
Townhouses 0 0 0 1 Avg.Ask:
$6,995,000
Avg.$/sq.ft.:
$976/sq.ft.
Avg.Size:
7,165 sq.ft.
1
TOTALS 6 4 1 13 . 24


*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 23 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
October 30-November 5, 2023
Total Weekly Asking Price Sales Volume: $173,862,400

Average Asking Price: $7,244,267

Median Asking Price: $5,897,500

Average Discount from Original Ask to Last Asking Price: 6%

Average Days on Market: 803









© 2024 Olshan Realty, Inc. | All Rights Reserved. | Established 1980
641 Lexington Avenue, Suite 2200, New York, NY 10022 | 212-751-3300 | Privacy Policy

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

. . . .