Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
June 2-8, 2025

34 Contracts Signed

Thirty-four contracts were signed last week in Manhattan at $4 million and above, five more than the previous week. Condos outsold co-ops, 23-8, with 3 townhouses in the mix.

Stat Geek Alert: Year-to-date, Downtown has inked 306 contracts vs. 192 for the Upper East Side. However, the Upper East Side has recently outpaced Downtown 4 out of the last 8 weeks.

The No. 1 contract was 66B at 157 West 57th Street, asking $26 million; it was listed in April. The condo has 4,193 square feet including 3 bedrooms and 3.5 bathrooms. A 42-foot living room, the master bedroom, and a gallery face Central Park. The seller purchased the unit from the sponsor in June 2021 for $19,193,500. The building was designed by Pritzker Prize-winning architect Christian de Portzamparc, with interiors by Thomas Juul-Hansen. The 90-story, 90-unit condo was built above the 5-star Park Hyatt Hotel and has a separate entrance for its 210 rooms. Amenities include use of hotel services, a fitness center, pool, private dining, a library lounge, performance space, and a garage.

The No. 2 contract was 31 at 520 Park Avenue, asking $25.95 million, reduced by $1 million when it was listed in April. The full-floor condo has 4,628 square feet including 4 bedrooms and 5 bathrooms. It features 11-foot ceilings and city and Central Park views. The seller purchased the unit from the sponsor for $26 million in June 2019. The 42-unit, 52-story building was designed by Robert A.M. Stern Architects. Amenities include a concierge, two-story fitness center, a 25-meter indoor swimming pool, a children’s playroom, a library, wine cellar, a garden, private storage and bike storage.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 4 1 1 2 Avg.Ask:
$7,780,500
8
Condos 8 6 2 7 Avg.Ask:
$8,505,435
Avg.$/sq.ft.:
$2,964/sq.ft.
Avg.Size:
2,885 sq.ft.
23
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 1 1 0 1 Avg.Ask:
$11,496,667
Avg.$/sq.ft.:
$2,039/sq.ft.
Avg.Size:
5,638 sq.ft.
3
TOTALS 13 8 3 10 . 34


*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 31 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 31 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
June 2-8, 2025
Total Weekly Asking Price Sales Volume: $292,359,000

Average Asking Price: $8,598,794

Median Asking Price: $6,975,000

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

Average Days on Market: 733









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