Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
January 6-12, 2025

25 Contracts Signed

Twenty-five contracts were signed last week in Manhattan at $4 million and above, five more than the previous week. Condos outsold co-ops, 15-4, with 6 townhouses in the mix

The No. 1 contract was PH54 at 277 Fifth Avenue, asking $20 million, reduced from $23 million when the building opened sales in 2017. The condo has 4,520 square feet including 4 bedrooms, 4.5 bathrooms, and a 760-square-foot loggia off the dining room, kitchen, and one of the bedrooms. The 36-foot great room has 14-foot-high ceilings. The unit has views in all directions. Amenities in the building include doormen, fitness center, children’s playroom, landscaped terrace, and an entertainment lounge.

The No. 2 contract was a townhouse at 160 East 83rd Street, asking $17.5 million, reduced from $18.5 million when it was listed in June 2023. The 5-story, 18-foot-wide house has 8,000 square feet including 5 bedrooms and 6.5 bathrooms, 5 gas fireplaces and an elevator. The house has a 54-foot-wide garden with an extension built above it that features an interior gym/basketball court. Annual taxes total $118,355.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 4 0 0 0 Avg.Ask:
$7,875,000
4
Condos 1 2 3 9 Avg.Ask:
$8,464,065
Avg.$/sq.ft.:
$3,092/sq.ft.
Avg.Size:
2,737 sq.ft.
15
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 4 1 0 1 Avg.Ask:
$10,057,500
Avg.$/sq.ft.:
$1,812/sq.ft.
Avg.Size:
5,550 sq.ft.
6
TOTALS 9 3 3 10 . 25


*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 19 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 6 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
January 6-12, 2025
Total Weekly Asking Price Sales Volume: $219,005,980

Average Asking Price: $8,760,239

Median Asking Price: $6,600,000

Average Discount from Original Ask to Last Asking Price: 10%

Average Days on Market: 899









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