Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
April 22-28, 2024

29 Contracts Signed

Twenty-nine contracts were signed last week in Manhattan at $4 million and above, one more than the previous week. Condos clobbered co-ops, 21-3, and 5 townhouses were in the mix.

Stat Geek Alert: New-development contracts ruled the week with 14 deals inked by developers.

The No. 1 contract was 47BC at 1 Central Park West, asking $27,500,000; it has been on and off the market since September 2022, starting as high as $39,000,000. The condo has 6,360 square feet including 5 bedrooms, 6 bathrooms, and 2 powder rooms. A living room, library, dining room, den, and master bedroom span over 75 feet overlooking Central Park. The seller paid $25,000,000 in March 2018 and then extensively renovated. Amenities in this Trump International Hotel & Tower unit include a concierge, doorman, fitness center, and a 55-foot indoor pool. On the ground floor is Nougatine, Jean Georges’ Michelin two-star restaurant. Monthly common charges and real estate taxes total $26,798.

The No. 2 contract was a townhouse at 110 East 70th Street, asking $25 million; it has been on and off the market since March 2022, starting as high as $32 million. The 20-foot-wide, 6-story house was purchased for $10 million in July 2012 and underwent a multi-year renovation by architect Steven Harris. The house has 10,325 square feet including 7 bedrooms, 7 bathrooms, and 2 powder rooms. It has an elevator and a 28-foot pool in the basement. Annual real estate taxes are $132,683.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 0 2 0 1 Avg.Ask:
$6,036,667
3
Condos 5 7 0 9 Avg.Ask:
$8,927,481
Avg.$/sq.ft.:
$3,211/sq.ft.
Avg.Size:
2,780 sq.ft.
21
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 3 1 0 1 Avg.Ask:
$11,430,000
Avg.$/sq.ft.:
$1,765/sq.ft.
Avg.Size:
6,476 sq.ft.
5
TOTALS 8 10 0 11 . 29


*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 24 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 5 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 22-28, 2024
Total Weekly Asking Price Sales Volume: $263,547,100

Average Asking Price: $9,087,831

Median Asking Price: $6,350,000

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

Average Days on Market: 695









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

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