Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
August 5-11, 2024

21 Contracts Signed

Twenty-one contracts were signed last week in Manhattan at $4 million and above, 7 more than the previous week. Condos outsold co-ops, 17-3, with 1 condop in the mix.

The No. 1 contract was the Penthouse at 1295 Madison Avenue, asking $19,500,000, reduced from $20,000,000 when it was listed in December 2021. The condo has 4,179 square feet including 5 bedrooms, 5 bathrooms, and 2 powder rooms. The unit has terraces on 2 levels that total 3,114 square feet. It is in The Wales, a former hotel by the same name that was recently converted to a 10-story, 21-unit condominium. Amenities include a doorman, a fitness center, pet-grooming station, bike-and-private storage. 16 out of 21 units have closed, averaging $2,605/sq.ft.

The No. 2 contract was 19B at 211 Central Park West, asking $12,950,000, reduced from $14,990,000 when it was listed in October 2023. This Beresford co-op has 4 bedrooms and 4 bathrooms. A 27-foot living room, library, and the primary bedroom open onto a 14’ x 59’ terrace, which looks south over Central Park and the Natural History Museum. Amenities include doormen, a fitness center, and storage. The seller paid $10,800,000 in June 2007.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 0 2 0 1 Avg.Ask:
$7,911,250
3
Condos 2 4 3 8 Avg.Ask:
$6,464,313
Avg.$/sq.ft.:
$2,596/sq.ft.
Avg.Size:
2,491 sq.ft.
17
Condop* 0 0 0 1 Avg.Ask:
$4,995,000
Avg.$/sq.ft.:
$2,651/sq.ft.
Avg.Size:
1,884 sq.ft.
1
Townhouses 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
TOTALS 2 6 3 10 . 21


*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 21 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 0 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
August 5-11, 2024
Total Weekly Asking Price Sales Volume: $140,069,000

Average Asking Price: $6,669,952

Median Asking Price: $5,295,000

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

Average Days on Market: 323









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