Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
August 26-September 1, 2024

17 Contracts Signed

Seventeen contracts were signed last week in Manhattan at $4 million and above, one fewer than the previous week. Condos outsold co-ops, 12-4, with 1 townhouse in the mix.

Stat Geek Alert: Last week’s total is on par with the 10-year average of 16.5 contracts for the week before Labor Day.

The No. 1 contract was 39A at 220 Central Park South, asking $34,500,000; it was listed in December 2022. The seller bought the condo off floorplans in June 2015 and closed for $22,808,800 in September 2019.

The unit has 3,114 square feet including 3 bedrooms and 3.5 bathrooms. A 36-foot living room, master bedroom, and kitchen face Central Park. 220 Central Park South is an ultra-luxury building designed by Robert A.M. Stern. The condo has over 30,000 square feet of amenities including a doorman, concierge, motor court, private dining room, fitness center, 82-foot saline pool, squash court, basketball court, golf simulator, children’s playroom, and a communal terrace.

The No. 2 contract was 217 West 21st Street, asking $29,000,000, reduced from $34,000,000 when it was listed in November. This 3-story, 50-foot, multi-purpose building has 18,000 square feet including a 2-car garage on the ground floor, a loft space on the 2nd floor, and an artist’s studio on the third floor. Annual real estate taxes total $186,271.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 3 0 0 1 Avg.Ask:
$9,737,500
4
Condos 2 1 4 5 Avg.Ask:
$11,630,000
Avg.$/sq.ft.:
$4,212/sq.ft.
Avg.Size:
2,761 sq.ft.
12
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 0 1 Avg.Ask:
$29,000,000
Avg.$/sq.ft.:
$1,611/sq.ft.
Avg.Size:
18,000
1
TOTALS 5 1 4 7 . 17


*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 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
August 26-September 1, 2024
Total Weekly Asking Price Sales Volume: $207,510,000

Average Asking Price: $12,206,471

Median Asking Price: $8,900,000

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

Average Days on Market: 563









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

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