Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
July 29-August 4, 2024

14 Contracts Signed

Fourteen contracts were signed last week in Manhattan at $4 million and above, 9 fewer than the previous week. Condos outsold co-ops, 8-2, with 1 condop and 3 townhouses in the mix.

Stat Geek Alert: The 14 contracts are in line with totals for the same weeks in 2023 (13) and 2022 (13).

The No. 1 contract was a townhouse at 31 Grove Street, asking $15,295,000, reduced from $16,995,000 when it was listed in September. The 4-story, 21-foot-wide brick house has 4,230 square feet including 4 bedrooms and 4.5 bathrooms. It was purchased for $12.2 million in June 2015 and later gut renovated. The back of the house has a glass wall, and a ground-floor living room opens onto a 21’ x 35’ landscaped garden. The top floor features a primary suite with a terrace. The house does not have an elevator. Annual real estate taxes total $38,982.

The No. 2 contract was a townhouse at 10 East 82nd Street, asking $11,500,000, reduced from $12,500,000 when it was listed in October. The 5-story, 19.5-foot-wide house has 5,737 square feet including 6 bedrooms, 5 bathrooms, 2 powder rooms, and an elevator. Ceiling heights are over 12-feet. The entire house needs to be renovated. Annual real estate taxes total $123,959.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 2 0 0 0 Avg.Ask:
$5,995,000
2
Condos 0 3 2 3 Avg.Ask:
$6,066,875
Avg.$/sq.ft.:
$2,246/sq.ft.
Avg.Size:
2,701 sq.ft.
8
Condop* 0 0 0 1 Avg.Ask:
$5,995,000
Avg.$/sq.ft.:
$2,564/sq.ft.
Avg.Size:
2,338 sq.ft.
1
Townhouses 1 0 0 2 Avg.Ask:
$10.496,667
Avg.$/sq.ft.:
$2,011/sq.ft.
Avg.Size:
5,218 sq.ft.
3
TOTALS 3 3 2 6 . 14


*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 11 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 3 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
July 29-August 4, 2024
Total Weekly Asking Price Sales Volume: $98,010,000

Average Asking Price: $7,000,714

Median Asking Price: $6,125,000

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

Average Days on Market: 810









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

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