Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
April 15-21, 2024

28 Contracts Signed

Twenty-eight contracts were signed last week in Manhattan at $4 million and above, 10 more than the previous week’s dismal total. Condos outsold co-ops, 21-5, with 1 condop and 1 townhouse in the mix.

The No. 1 contract was the 9th floor of 2 East 67th Street, asking $44,500,000; it has been on and off the market since May 2022, starting as high as $49,000,000. It is the most expensive co-op to sell in Manhattan in 22 months. The full-floor co-op has 4 bedrooms and 5.5 bathrooms. A living room, library, and formal dining room span 60 feet overlooking Central Park. The unit was purchased for $26 million in April 2007 and then renovated. Amenities in the building include doormen, gym, storage, and wine cellar storage.

The No. 2 contract was West 34B at 500 West 18th Street, asking $25,600,000. The unit has 5,121 square feet including 4 bedrooms and 4.5 bathrooms. A 51’ x 30’ great room overlooks the Hudson River and is flanked by 2 loggias totaling 459 square feet. The unit is in a condo known as One Highline. Amenities include a fitness center, 75-foot lap pool, spa-treatment rooms, a golf simulator, children''s playroom, private dining, a games lounge, and a garage. Services are offered from the adjacent Faena Hotel, which is part of the project.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 4 0 0 1 Avg.Ask:
$13,428,000
5
Condos 2 3 4 12 Avg.Ask:
$8,802,619
Avg.$/sq.ft.:
$3,016/sq.ft
Avg.Size:
2,919 sq.ft.
21
Condop* 0 0 0 1 Avg.Ask:
$5,695,000
Avg.$/sq.ft.:
$3,024/sq.ft.
Avg.Size:
1,883 sq.ft.
1
Townhouses 0 0 0 1 Avg.Ask:
$5,980,000
Avg.$/sq.ft.:
$1,661/sq.ft.
Avg.Size:
3,600 sq.ft.
1
TOTALS 6 3 4 15 . 28


*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 27 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
April 15-21, 2024
Total Weekly Asking Price Sales Volume: $263,670,000

Average Asking Price: $9,416,786

Median Asking Price: $5,997,500

Average Discount from Original Ask to Last Asking Price: 4%

Average Days on Market: 736









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