Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
September 23-29, 2024

18 Contracts Signed

Eighteen contracts were signed last week in Manhattan at $4 million and above, 9 fewer than the previous week. Condos crushed co-ops, 14-2, with 2 townhouses in the mix.

Stat Geek Alert: That dramatic week-over-week decline masked some good news: Although September is typically one of the slowest months of the year, September 2024 registered 97 contracts, surpassing the month’s 10-year-average of 71 contracts.

The No. 1 contract was 7A at 211 West 84th Street, asking $15,450,000. This duplex condo was sold off floorplans; it has 4,962 square feet including 5 bedrooms and 4.5 bathrooms. A corner 39-foot living room features a woodburning fireplace and double-height ceilings. Downstairs is the living room, formal dining room, eat-in kitchen, and library/5th bedroom. The building is called The Henry, an 18-story, 45-unit condo designed by architect Robert A.M. Stern. Amenities include doormen, a fitness center, a children’s playroom, a porte cochere, parking, a rooftop garden, pickleball court, half-court basketball, a bowling alley, and a library and games room.

The No. 2 contract was 11A at 20 East 76th Street, asking $15 million. The condo has 2,980 square feet including 3 bedrooms and 3.5 bathrooms overlooking 76th Street and Madison Avenue. It is in the Surrey Residences, which comprises 14 condos on the 11th through 16th floors above a 99-room hotel. Amenities include doormen, a concierge, a spa and fitness center, and a rooftop terrace, plus a restaurant.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 2 0 0 0 Avg.Ask:
$6,047,500
2
Condos 3 4 1 6 Avg.Ask:
$8,123,204
Avg.$/sq.ft.:
$2,696/sq.ft.
Avg.Size:
3,013 sq.ft.
14
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 1 0 0 1 Avg.Ask:
$6,500,000
Avg.$/sq.ft.:
$1,641/sq.ft.
Avg.Size:
3,960 sq.ft.
2
TOTALS 6 4 1 7 . 18


*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 2 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
September 23-29, 2024
Total Weekly Asking Price Sales Volume: $138,819,850

Average Asking Price: $7,712,214

Median Asking Price: $6,485,000

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

Average Days on Market: 628









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

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