Fair Housing Notice

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

23 Contracts Signed

Christmas week racked up 23 contracts signed in Manhattan at $4 million and above, 14 fewer than the previous week. Condos outsold co-ops, 16-3, with 1 condop and 3 townhouses in the mix.

Stat Geek Alert: The 23 total solidly beat the 10-year Christmas week average of 18 contracts.

The No.1 contract was a townhouse at 233 West 11th Street, asking $13.5 million; it was listed in September. The 4-story, 20-foot-wide house has 3,360 square feet including 6 bedrooms and 4 bathrooms. The ground floor features a bedroom, kitchen, and a dining room that opens onto a terrace. Another terrace is on the 3rd floor. The rear façade has large casement windows and radiant-heat, wood floors. The seller is Morris Adjmi, who has been an architect for many new developments in New York and has owned the house since 1995. In February 2024, Adjmi purchased a brownstone in the Fort Greene section of Brooklyn for $3.3 million.

The No. 2 contract was PH at 219 East 44th Street, asking $10.995 million, reduced from $53 million when it was listed in May 2017 and then cycled through 3 brokerage firms. The penthouse duplex is in a 6-unit boutique condo that sits above the Even Hotel. It has 4,321 square feet including 5 bedrooms and 5.5 bathrooms. A living room opens onto a 43’ terrace; downstairs are 4 of the bedrooms. The unit also has a rooftop terrace that is almost 1,500 square feet but is separate and not attached to the apartment. Amenities include hotel services and its fitness center.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 3 0 0 0 Avg.Ask:
$7,065,000
3
Condos 4 2 4 6 Avg.Ask:
$5,716,438
Avg.$/sq.ft.:
$2,479/sq.ft.
Avg.Size:
2,306 sq.ft.
16
Condop* 0 0 0 1 Avg.Ask:
$7,250,000
Avg.$/sq.ft.:
$3,881/sq.ft.
Avg.Size:
1,868 sq.ft.
1
Townhouses 1 0 0 2 Avg.Ask:
$10,415,000
Avg.$/sq.ft.:
$1,930/sq.ft.
Avg.Size:
5,396 sq.ft.
3
TOTALS 8 2 4 9 . 23


*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 20 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 3 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

© 2025 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
December 23-29, 2024
Total Weekly Asking Price Sales Volume: $151,153,000

Average Asking Price: $6,571,870

Median Asking Price: $5,500,000

Average Discount from Original Ask to Last Asking Price: 16%

Average Days on Market: 747









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