Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
July 3-9, 2023

23 Contracts Signed

Twenty-three contracts were signed last week in Manhattan at $4 million and above, 6 fewer than the previous week. Condos outsold co-ops, 15-7, with 1 townhouse in the mix.

Stat Geek Alert: The total may seem low but it is above the 10-year average of 19 contracts for the July 4th week.

The No. 1 contract was 23 at 50 Central Park South, asking $34 million, reduced from $37 million when it was listed in June 2022. The full-floor condo has 9,455 square feet including 5 bedrooms and 7.5 bathrooms. The living room, dining room, and library span 120 linear feet overlooking Central Park with a 70-foot terrace. The unit has a second terrace that is 55-feet long. The apartment is in a 12-unit building that is part of the Ritz Carlton Hotel. Condo residents have access to all hotel amenities including fitness center, spa, lounge, dining, and housekeeping services. Monthly common charges and taxes total $31,605. The seller paid $27 million in 2007.

The No. 2 contract was 50N at 50 West 66th Street, asking $23 million; it started marketing off of floorplans last summer. The condo has 3,395 square feet including 4 bedrooms and 4.5 bathrooms. It has 13-foot high ceilings, views of Central Park and the Hudson River, plus a loggia off the living room. Amenities include doormen, a fitness center, indoor lap pool, an outdoor saltwater pool and jacuzzi, basketball and pickleball courts, screening room, game room, bike room, and dog-washing facility.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 3 2 0 2 Avg.Ask:
$5,792,143
7
Condos 1 5 2 7 Avg.Ask:
$11,775,000
Avg.$/sq.ft.:
$2,935/sq.ft.
Avg.Size:
4,012 sq.ft.
15
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 0 1 Avg.Ask:
$5,990,000
Avg.$/sq.ft.:
$1,216/sq.ft.
Avg.Size:
4,925 sq.ft.
1
TOTALS 4 7 2 10 . 23


*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 22 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 1 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
July 3-9, 2023
Total Weekly Asking Price Sales Volume: $223,660,000

Average Asking Price: $9,724,348

Median Asking Price: $6,560,000

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

Average Days on Market: 385









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

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