Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
February 17-23, 2025

17 Contracts Signed

Seventeen contracts were signed last week in Manhattan at $4 million and above, an eye-popping 24 fewer than the previous week. Which means the recent 4-week streak of escalating sales totals is over. Condos outsold co-ops, 12-1, with 4 townhouses in the mix.

Stat Geek Alert The 17 total was the lowest President’s Day week since 2016, when 13 contracts were signed.

The No. 1 contract was a Penthouse at 345 West 14th Street, asking $22 million. The condo has 3,734 square feet including 3 bedrooms, 2.5 bathrooms, and 4 landscaped terraces that total 1,929 square feet. The unit has views in all directions and a spectacular landscaped terrace on the top floor featuring an outdoor kitchen. Amenities include a doorman and fitness center.

The No. 2 contract was the 48th floor at 430 East 58th Street, asking $16 million, reduced from $19.95 million when the building started marketing in 2022. The condo has 4,765 square feet including 4 bedrooms and 3.5 bathrooms with spectacular views in all directions. A 33-foot living room and a 19-foot dining room overlook the East River. Amenities include doormen, a fitness center with a lap pool, training studio, infrared saunas, spa and treatment room, children’s playroom, lounge, and private dining room.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 0 0 0 1 Avg.Ask:
$4,950,000
1
Condos 0 4 3 5 Avg.Ask:
$9,331,667
Avg.$/sq.ft.:
$3,013/sq.ft.
Avg.Size:
3,097 sq.ft.
12
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 2 0 0 2 Avg.Ask:
$8,237,500
Avg.$/sq.ft.:
$1,978/sq.ft.
Avg.Size:
4,165 sq.ft.
4
TOTALS 2 4 3 8 . 17


*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 13 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 4 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
February 17-23, 2025
Total Weekly Asking Price Sales Volume: $149,880,000

Average Asking Price: $8,816,471

Median Asking Price: $8,000,000

Average Discount from Original Ask to Last Asking Price: 9%

Average Days on Market: 837









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