Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
June 12-18, 2023

31 Contracts Signed

Thirty-one contracts were signed in Manhattan last week at $4 million and above, the same as previous week. Condos outsold co-ops, 19-10, and 2 townhouses were in the mix.

The No. 1 contract was 8401 at 35 Hudson Yards, asking $13.850 million, reduced from $27.250 million when it was listed in 2019. The sponsor unit has 4,621 square feet including 5 bedrooms and 5.5 bathrooms. The condo features almost 11-foot ceilings and spectacular views of the Hudson River, bridges, and the city. Amenities include a doorman, fitness center, yoga studio, golf simulator, screening room, dining room, and a residents’ lounge with a terrace.

The No. 2 contract was a 5-story brownstone at 141 East 18th Street, asking $11.7 million; it was listed at the beginning of May. The 14.75-foot-wide house was purchased for $5.8 million in 2015 and then renovated under the auspices of architect Steven Harris. It has 3,192 square feet including a ground-floor one-bedroom unit and 3 bedrooms on the floors above it. The house does not have an elevator. Annual real estate taxes are $43,050.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 5 2 1 2 Avg.Ask:
$6,423,500
10
Condos 2 2 0 15 Avg.Ask:
$6,722,632
Avg.$/sq.ft.:
$2,429/sq.ft.
Avg.Size:
$2,767 sq.ft.
19
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 0 2 Avg.Ask:
$7,975,000
Avg.$/sq.ft.:
$2,314/sq.ft.
Avg.Size:
3,447 sq.ft.
2
TOTALS 7 4 1 19 . 31


*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 2 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

© 2024 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 12-18, 2023
Total Weekly Asking Price Sales Volume: $207,915,000

Average Asking Price: $6,706,935

Median Asking Price: $5,750,000

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

Average Days on Market: 586









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

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