Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
October 2-8, 2023

26 Contracts Signed

Twenty-six contracts were signed last week in Manhattan at $4 million and above, 6 more than the previous week---a stellar performance in light of spiking interest rates. Condos outsold co-ops, 17-6, with 3 townhouses in the mix.

Stat Geek Alert: The weekly total racked up $228,700,000 in sales, the highest dollar volume since the week of July 10-16, when 24 contracts were signed totaling $246,959,000.

The No. 1 contract was PH88B at 15 Hudson Yards, a sponsor unit asking $24,975,000, reduced from $32 million when the building started marketing off of floorplans in October 2016. Now finished, the duplex condo has 5,211 square feet including 4 bedrooms and 5.5 bathrooms and features 26-foot high ceilings in the living room. It has dramatic south and west views of the Hudson River. 15 Hudson Yards has 285 units on 88 floors. Amenities include a concierge, fitness center, 75-foot pool, a children’s playroom, a ballroom and catering kitchen, and a residents’ lounge.

The No. 2 contract was 70W at 217 West 57th Street, a sponsor unit asking $19,925,000, reduced from $21,525,000 when the building started marketing in 2018. The unit has 13-foot 6-inch-high ceilings and 3,165 square feet that includes 3 bedrooms and 3.5 bathroom. A corner living room showcases sweeping views of Central Park.

The unit is in Central Park Tower, a 1,550-foot-tall skyscraper with 179 units and over 50,000 square feet of amenities including indoor and outdoor pools, a fitness center, a children’s playroom, and a club room with a ballroom, bar, dining facilities, and a cigar lounge.

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. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 3 0 2 1 Avg.Ask:
$6,190,000
6
Condos 3 2 3 9 Avg.Ask:
$10,150,882
Avg.$/sq.ft.:
$3,271/sq.ft.
Avg.Size:
3,103 sq.ft.
17
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 1 1 0 1 Avg.Ask:
$6,331,667
Avg.$/sq.ft.:
$1,439/sq.ft.
Avg.Size:
4,401 sq.ft.
3
TOTALS 7 3 5 11 . 26


*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 23 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 3 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
October 2-8, 2023
Total Weekly Asking Price Sales Volume: $228,700,000

Average Asking Price: $8,796,154

Median Asking Price: $6,347,500

Average Discount from Original Ask to Last Asking Price: 13%

Average Days on Market: 804









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

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