Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
September 30-October 6, 2024

30 Contracts Signed

Thirty contracts were signed last week in Manhattan at $4 million and above, 12 more than the previous week, kicking off a robust start to October. Condos outsold co-ops, 22-7, with 1 townhouse in the mix.

Stat Geek Alert: Of the 22 condo contracts, 17 were sold by sponsors, the largest total since the week of May 2-8, 2022.

The No. 1 contract was PH9A at 90 Morton Street, asking $17.75 million, reduced from $22.5 million when it was listed in March 2023. The unit has 3,675 square feet including 3 bedrooms, 3 bathrooms, and an office/den, plus 2 landscaped terraces totaling 1,450 square feet. The seller paid $12 million in November 2020. 90 Morton is a former printing plant converted into a 12-story, 28-unit condo in 2019. Amenities include a concierge, a covered driveway, a fitness center, a 64-foot pool, residents’ lounge, and children’s playroom. A rooftop terrace has an outdoor kitchen.

The No. 2 contract was 7B at 765 Park Avenue, asking $14.9 million, reduced from $17 million when it was listed in December 2021. This 14-room co-op has 4 bedrooms, a library, 5.5 bathrooms, and 4 fireplaces. A corner 33-foot living room, a library, and 3 out of the 4 bedrooms face Park Avenue. Amenities include a doorman, storage, and gym. The co-op board allows 50% financing.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 6 1 0 0 Avg.Ask:
$9,555,000
7
Condos 8 6 2 6 Avg.Ask:
$7,314,524
Avg.$/sq.ft.:
$2,963/sq.ft.
Avg.Size:
2,468 sq.ft.
22
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 0 1 Avg.Ask:
$8,750,000
Avg.$/sq.ft.:
$2,848/sq.ft.
Avg.Size:
3,072 sq.ft.
1
TOTALS 14 7 2 7 . 30


*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 29 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 29 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
September 30-October 6, 2024
Total Weekly Asking Price Sales Volume: $237,265,000

Average Asking Price: $7,908,833

Median Asking Price: $6,872,500

Average Discount from Original Ask to Last Asking Price: 11%

Average Days on Market: 540









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

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