Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
December 30, 2024-January 5, 2025

20 Contracts Signed

Twenty contracts were signed last week in Manhattan at $4 million and above, 3 fewer than the previous week. Two downtown penthouses led the week as condos outsold co-ops, 13-4, with 1 condop and 2 townhouses in the mix.

Stat Geek Alert: Last week’s total represents the 2nd best start of a year since we launched this report in 2006. No.1? 2022, when 22 contracts were signed. The 10-year average for the first week in January is 14 contracts.

The No. 1 contract was PHA at 67 Vestry Street, asking $48 million, raised from $43.5 million when the building started marketing in November 2020. The condo triplex penthouse has 6,207 square feet including 4 bedrooms, 4 bathrooms a library, and 2 powder rooms. Four terraces total 1,875 square feet. The bottom floor (11th floor) has all the bedrooms; two of the bedrooms and a media room span 56 feet overlooking the Hudson River. Upstairs (12th floor) is a living room and dining room that open onto another terrace, which also overlooks the river. The top floor is a rooftop terrace with river views. The penthouse is the final unit to sell in the building; previous sales averaged $3,578/sq.ft. Amenities in this 13-unit building, designed by Gachot Studios, are a 24-hour doorman, fitness center, lap pool, steam and sauna rooms, a game room, and storage.

The No. 2 contract was PH10 at 140 Jane Street, asking $41 million. The duplex penthouse condo has 5,511 square feet including 5 bedrooms and 5.5 bathrooms. A 52-foot living room and dining room have almost 11-foot ceilings and face the Hudson River. A 23-foot master bedroom opens onto a balcony. Stairs lead to an over 2,000-square-foot terrace with a hot tub that overlooks the Hudson River. This 11-story building was designed by BKSK architects and Leroy Street Studio and started marketing in September; 8 of 14 units have sold averaging $5,482/sq.ft. Amenities include a doorman, porte-cochere, automated parking garage, a lounge, fitness room, lap pool, and hot tub.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 3 1 0 0 Avg.Ask:
$5,675,000
4
Condos 2 0 3 8 Avg.Ask:
$12,910,385
Avg.$/sq.ft.:
$4,232/sq.ft.
Avg.Size:
3,051 sq.ft.
13
Condop* 0 0 0 1 Avg.Ask:
$5,095,000
Avg.$/sq.ft.:
$3,182/sq.ft.
Avg.Size:
1,884 sq.ft.
1
Townhouses 0 1 0 1 Avg.Ask:
$7,047,000
Avg.$/sq.ft.:
$1,252/sq.ft.
Avg.Size:
5,630 sq.ft.
2
TOTALS 5 2 3 10 . 20


*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 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

© 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 30, 2024-January 5, 2025
Total Weekly Asking Price Sales Volume: $209,724,000

Average Asking Price: $10,486,000

Median Asking Price: $6,474,800

Average Discount from Original Ask to Last Asking Price: 2%

Average Days on Market: 583









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