Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
November 27-December 3, 2023

17 Contracts Signed

Seventeen contracts were signed last week in Manhattan at $4 million, 5 more than the Thanksgiving Day week. Condos outsold co-ops, 11-2, and 4 townhouses were in the mix.

The No. 1 contract was a limestone townhouse at 10 East 75th Street, asking $23.5 million; it was listed at the end of September. The seven-story, 19.5-foot-wide house has 10,463 square feet including 6 bedrooms and 5.5 bathrooms, plus an elevator that goes to every floor. The house has a dramatic staircase and a landscaped roof garden. According to Curbed.com, it was purchased for $8.25 million in 2002 and went through a 3-year renovation by architect Peter Pennoyer and designer Victoria Hagan. The house was listed in 2015 for $38.5 million and reduced to $28 million before it was pulled off the market in 2018. Annual real estate taxes are $259,183.

The No. 2 contract was PH at 1 North Moore Street, asking $20 million, reduced from $30 million when it was listed in June 2022. This penthouse is a quadruplex with 5,500 square feet and 2,050 square feet of outdoor space. The condo has 3 bedrooms, 4 bathrooms, and 2 powder rooms. The top-floor roof terrace features a 21-foot infinity edge pool, hot tub, and outdoor shower, plus a 90-inch television screen and a full kitchen. A storage area in the basement can hold up to 2,000 bottles of wine. The building has 6 units and no amenities. The seller paid $8,001,352 in March 2012.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 1 1 0 0 Avg.Ask:
$5,949,500
2
Condos 3 4 1 3 Avg.Ask:
$7,810,999
Avg.$/sq.ft.:
$2,977/sq.ft.
Avg.Size:
2,623 sq.ft.
11
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 1 0 0 3 Avg.Ask:
$13,186,250
Avg.$/sq.ft.:
$2,101/sq.ft.
Avg.Size:
6,275 sq.ft.
4
TOTALS 5 5 1 6 . 17


*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 13 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 4 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 27-December 3, 2023
Total Weekly Asking Price Sales Volume: $150,564,000

Average Asking Price: $8,856,706

Median Asking Price: $6,575,000

Average Discount from Original Ask to Last Asking Price: 12%

Average Days on Market: 458









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

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