Fair Housing Notice

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

18 Contracts Signed

Eighteen contracts were signed last week in Manhattan at $4 million and above, six fewer than the previous week. Condos outsold co-ops, 11-5, with 2 townhouses in the mix.

The No. 1 contract was PHA at 181 East 65th Street, asking $17,995,000, reduced from $20,000,000 when it was listed in February. This triplex condo has 6,701 square feet including 6 bedrooms, 5.5 bathrooms, 6 terraces, and 2 balconies. The lower level features a 36-foot living room that faces Central Park and opens onto a terrace. Upstairs is a master bedroom that also faces Central Park. Monthly common charges are $13,601 and annual real estate taxes are $169,583. Known as the Chatham, the building was designed by architect Robert A.M. Stern and built in 2000. Amenities include a doorman, gym, storage, and valet parking.

The No. 2 contract was a townhouse at 244-246 Waverly Place, asking $15,750,000; it was listed at the end of August. This townhouse is actually two houses that were combined in 1961 to create a 4-story, 35-feet-wide house with 13 rental units. Annual real estate taxes are $125,289.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 4 1 0 0 Avg.Ask:
$5,469,000
5
Condos 1 1 2 7 Avg.Ask:
$7,124,091
Avg.$/sq.ft.:
$2,474/sq.ft.
Avg.Size:
2,880 sq.ft.
11
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 0 2 Avg.Ask:
$10,250,000
Avg.$/sq.ft.:
$2,073/sq.ft.
Avg.Size:
4,944 sq.ft.
2
TOTALS 5 2 2 9 . 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 16 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
December 11-17, 2023
Total Weekly Asking Price Sales Volume: $143,240,000

Average Asking Price: $7,011,667

Median Asking Price: $5,747,500

Average Discount from Original Ask to Last Asking Price: 11%

Average Days on Market: 598









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