Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
October 14-20, 2024

19 Contracts Signed

Nineteen contracts were signed last week in Manhattan at $4 million and above, 9 fewer than the previous week. Condos outsold co-ops, 14-4, with 1 townhouse in the mix.

Stat Geek Alert: The 19 total matches the same number of contracts in the same week last year.

The No. 1 contract was 14A at 20 East 76th Street, asking $24.25 million. The condo has 4,997 square feet including 3 bedrooms and 4.5 bathrooms. A 19’ x 27’ great room opens onto a terrace. 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. The apartment was purchased by a local buyer.

The No. 2 contract was 15AW at 555 West 22nd Street, asking $11.25 million. The condo has 3,004 square feet including 4 bedrooms and 4.5 bathrooms. A 29-foot corner living room, a 29-foot, eat-in kitchen and a primary bedroom face the Hudson River. The unit has north, west, and east exposures. It is in a building known as the Cortland, which opened sales in June 2022. Amenities include doormen, fitness center, golf simulator, pool, children’s playroom, a dog grooming room, a rooftop terrace, and a garage.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 2 0 0 2 Avg.Ask:
$6,236,000
4
Condos 5 4 1 4 Avg.Ask:
$7,917,214
Avg.$/sq.ft.:
$2,957/sq.ft.
Avg.Size:
2,678 sq.ft.
14
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 1 0 0 0 Avg.Ask:
$8,100,000
Avg.$/sq.ft.:
$2,411/sq.ft.
Avg.Size:
3,360 sq.ft.
1
TOTALS 8 4 1 6 . 19


*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 18 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
October 14-20, 2024
Total Weekly Asking Price Sales Volume: $143,884,990

Average Asking Price: $7,572,894

Median Asking Price: $6,200,000

Average Discount from Original Ask to Last Asking Price: 8%

Average Days on Market: 606









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

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