Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
November 6-12, 2023

20 Contracts Signed

Twenty contracts were signed in Manhattan at $4 million and above last week, 4 fewer than the previous week. Condos outsold co-ops, 14-3, with 1 condop and 2 townhouses in the mix.

The No. 1 contract was a townhouse at 118 West 12th Street, asking $19,950,000, reduced from $29,950,000 when it was listed in June 2022 and then cycled through 3 brokerage firms. The 24.5-foot wide, 4-story house has 6,600 square feet including 5 bedrooms, 3 bathrooms, and 2 powder rooms. It has a deep landscaped garden and a terrace off the top floor. The house is in excellent condition but does not have an elevator. The seller purchased the house for $14,940,000 in 2021.

The No. 2 contract was PH17W at 135 East 79th Street, asking $19,900,000; it was listed in July. The condo duplex has 5,325 square feet including 5 bedrooms, 5.5 bathrooms, and a library with 269-square-foot terrace. The unit is in excellent condition. The seller purchased the condo from the sponsor for $22,401,500 in 2013. Amenities include a doorman, concierge, resident manager, fitness center with a private training/yoga studio, and a club/billiards room. A lounge with a grand piano, fireplace, and catering kitchen open onto a landscaped English courtyard garden. The building also offers a bicycle room; wine cellars are available for an extra fee.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 2 1 0 0 Avg.Ask:
$4,950,000
3
Condos 2 2 2 8 Avg.Ask:
$7,989,714
Avg.$/sq.ft.:
$2,926/sq.ft.
Avg.Size:
2,731 sq.ft.
14
Condop* 0 0 0 1 Avg.Ask:
$4,195,000
Avg.$/sq.ft.:
$2,126/sq.ft.
Avg.Size:
1,973 sq.ft.
1
Townhouses 1 0 0 1 Avg.Ask:
$13,925,000
Avg.$/sq.ft.:
$2,459/sq.ft.
Avg.Size:
5,663 sq.ft.
2
TOTALS 5 3 2 10 . 20


*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 18 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
November 6-12, 2023
Total Weekly Asking Price Sales Volume: $174,750,990

Average Asking Price: $7,939,800

Median Asking Price: $5,395,000

Average Discount from Original Ask to Last Asking Price: 9%

Average Days on Market: 614









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