Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
March 3-9, 2025

35 Contracts Signed

Thirty-five contracts were signed last week in Manhattan at $4 million and above, 3 more than the previous week. Condos outsold co-ops, 25-7, with 3 townhouses in the mix.

The No. 1 contract was 67 at 111 West 57th Street, asking $20,000,000, reduced from $29,750,000 when this condo building started marketing off floorplans in 2016. The unit has 3,873 square feet including 3 bedrooms and 3.5 bathrooms. It features a 50-foot great room with a 14-foot ceiling and spectacular Central Park views. 111 West 57th Street is a 60-unit, 82-story building that rises 1,428 feet on the former site of the Steinway & Sons piano store. Amenities include a concierge, a fitness center, 82-foot pool, lounge, terrace, and a private dining room, plus a covered driveway entrance. Thirty-eight units, averaging $4,193/sq.ft., have closed so far.

The No. 2 contract was M6 at 150 Charles Street, asking $17.995 million, reduced from $19.995 million when it was listed a year ago. This triplex maisonette has 4 bedrooms, 4 bathrooms and 2 powder rooms, plus a private garage. The ground floor features the living room and dining area with a 15’x 10’ terrace in the rear. Three out of 4 bedrooms are upstairs. The basement level has a recreation room. Amenities include a doorman, concierge, fitness center, lap pool, children’s playroom, and garage. The seller purchased the unit from the sponsor for $11,451,556 in August 2015.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 4 2 0 1 Avg.Ask:
$5,320,000
7
Condos 3 5 2 15 Avg.Ask:
$7,590,879
Avg.$/sq.ft.:
$2,761/sq.ft.
Avg.Size:
2,749 sq.ft.
25
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 0 3 Avg.Ask:
$8,313,333
Avg.$/sq.ft.:
$1,471/sq.ft.
Avg.Size:
5,650 sq.ft.
3
TOTALS 7 7 2 19 . 35


*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 32 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 32 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
March 3-9, 2025
Total Weekly Asking Price Sales Volume: $251,960,980

Average Asking Price: $7,198,628

Median Asking Price: $6,500,000

Average Discount from Original Ask to Last Asking Price: 11%

Average Days on Market: 668









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