Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
April 28-May 4, 2025

33 Contracts Signed

Thirty-three contracts were signed last week in Manhattan at $4 million and above, 5 more than the previous week. Condos outsold co-ops, 23-5, with 1 condop and 4 townhouses in the mix.

The No. 1 contract was PHE at 601 Washington Street asking $29 million, reduced from $36.5 million when it was listed in December. The owner paid $30.65 million in October 2021. Spanning the 6th thru 9th floors, the 7,475-square foot quadraplex penthouse has 6 bedrooms, 6 bathrooms, 2 powder rooms, and outdoor space totaling 1,693 square feet. The 6th floor has 4 bedrooms and a family room with a balcony. The 7th floor has a 43-foot great room surrounded by a terrace with an outdoor kitchen, fire pit, and plunge pool. The 8th floor houses the primary suite, and the 9th floor has a media room that opens to a terrace with a hot tub. Amenities in this 10-unit building include 24-hour doormen, fitness center, private storage, and a bike room. Monthly common charges and real estate taxes total $21,386.

The No. 2 contract was PH2 at 215 Chrystie Street, asking $17.995 million, reduced from $25 million when it was listed in January 2024. The full-floor condo has 4,236 square feet including 4 bedrooms, 4.5 bathrooms, a 36-foot great room with a fireplace, and panoramic city views. The seller purchased the penthouse from the sponsor for $20.365 million in January 2018. It is in an 11-unit condo built above the Public Hotel and designed by Pritzker Prize-winning architects Herzog & de Meuron. The condo has its own private entrance but has access to all hotel amenities including a fitness center, rooftop terrace, and restaurant. Monthly common charges and real estate taxes total $18,412.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 2 1 0 2 Avg.Ask:
$7,209,000
5
Condos 4 6 3 10 Avg.Ask:
$7,893,587
Avg.$/sq.ft.:
$2,722/sq.ft.
Avg.Size:
2,900 sq.ft.
23
Condop* 0 0 0 1 Avg.Ask:
$5,995,000
Avg.$/sq.ft.:
$1,889/sq.ft.
Avg.Size:
3,174 sq.ft.
1
Townhouses 2 0 0 2 Avg.Ask:
$8,798,750
Avg.$/sq.ft.:
$1,739/sq.ft.
Avg.Size:
5,060 sq.ft.
4
TOTALS 8 7 3 15 . 33


*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 29 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 29 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
April 28-May 4, 2025
Total Weekly Asking Price Sales Volume: $258,787,500

Average Asking Price: $7,842,045

Median Asking Price: $5,900,000

Average Discount from Original Ask to Last Asking Price: 12%

Average Days on Market: 473









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