LUXURY MARKET REPORT 2022
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
September 26-October 2, 2022

14 Contracts Signed

Fourteen contracts were signed last week at $4 million and above in Manhattan, two fewer than the previous week. You can blame that lackluster total on the continuing rise in interest rates and another disastrous week in the stock market. Another complication: a two-day Jewish holiday, which typically creates a lull in the action.

The No. 1 contract was 57A at 23 East 22nd Street, asking $16 million. The 3-bedroom, 3.5-bathroom unit has 3,310 square feet and sweeping views of the Empire State Building, Madison Square Park, and the city. This One Madison condo is owned by media mogul Rupert Murdoch, who bought the apartment for $14,927,000 in 2014. Above the 57th floor, he is also selling a triplex penthouse, asking $58 million. Amenities in the building include a doorman, concierge, a fitness center with an indoor pool, steam room, lounge, screening room, and a private dining room.

The No. 2 contract was 46B at 217 West 57th Street, asking $14,075,000, reduced from $15,636,00, the original offering-plan price. This 3-bedroom, 3.5-bathroom condo has 2,640 square feet with views of Central Park from the living room/dining area. The unit is in Central Park Tower, a 1,550-foot-tall skyscraper with 179 units that started marketing in 2018 as the world’s tallest residential building. Over 50,000 square feet of amenities include indoor and outdoor pools, a fitness center, a children’s playroom, and a club room on the 100th floor that includes a ballroom, bar, dining facilities, and a cigar lounge. Year-to-date, 23 units have closed averaging $5,228/sq.ft. with an average size of 3,055 sq.ft.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 4 1 0 3 Avg.Ask:
$6,435,500
8
Condos 1 0 1 4 Avg.Ask:
$10,703,333
Avg.$/sq.ft.:
$3,491/sq.ft.
Avg.Size:
3,066 sq.ft.
6
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
TOTALS 5 1 1 7 . 14


*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 14 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 0 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

Donna Olshan
President
dso@olshan.com
Emily Chen
Private Wealth Real Estate Services
Chief of Research
ecc@olshan.com