Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
August 7-13, 2023

17 Contracts Signed

Seventeen contracts were signed last week in Manhattan at $4 million and above, 4 more than the previous week. Condos outsold co-ops, 11-4, with 1 condop and 1 townhouse in the mix.

Stat Geek Alert: Ten of the 17 properties sold were by sponsors.

For the second week in a row, a unit at 50 West 66th Street took the top spot. This time it was 50S at 50 West 66th Street, asking $23.5 million. The apartment has 3,547 square feet including 4 bedrooms and 4.5 bathrooms. It has Central Park views, 14-foot ceilings, and a 141-square-foot loggia that is accessed off the living room and the eat-in kitchen. Amenities in the 39-story, 122-unit condo 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.

The No. 2 contract was PHN at 459 West Broadway, asking $16.9 million, reduced from $18.75 million when it went on the market in October. This duplex penthouse co-op has 3 bedrooms and 3.5 bathrooms, plus 13-foot ceilings and exposed brick walls. Upstairs is a glass-enclosed pavilion opening onto a landscaped, roof-top terrace with a 4-foot deep pool, jacuzzi, and outdoor kitchen. The seller paid $16 million in 2017. The building has no amenities.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 1 0 1 2 Avg.Ask:
$8,143,750
4
Condos 0 5 1 5 Avg.Ask:
$7,247,318
Avg.$/sq.ft.:
$2,965/sq.ft.
Avg.Size:
2,444 sq.ft.
11
Condop* 0 0 0 1 Avg.Ask:
$6,345,000
Avg.$/sq.ft.:
$3,086/sq.ft.
Avg.Size:
2,056 sq.ft.
1
Townhouses 1 0 0 0 Avg.Ask:
$16,800,000
Avg.$/sq.ft.:
$1,732/sq.ft.
Avg.Size:
9,700 sq.ft.
1
TOTALS 2 5 2 8 . 17


*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 16 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
August 7-13, 2023
Total Weekly Asking Price Sales Volume: $135,440,000

Average Asking Price: $7,967,059

Median Asking Price: $5,950,000

Average Discount from Original Ask to Last Asking Price: 3%

Average Days on Market: 617









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

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