Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
November 20-26, 2023

12 Contracts Signed

In a Thanksgiving Day-shortened week, 12 contracts were signed in Manhattan at $4 million and above, half of the previous week’s total. Condos outsold co-ops, 8-2, and 2 townhouses were in the mix.

Stat Geek Alert: The 10-year, Thanksgiving Day-week average is 16 contracts signed at $4 million and above in Manhattan.

The No. 1 contract was 14/15AD at 920 Fifth Avenue, asking $23,500,000, reduced from $26,900,000 when it was listed in October 2021. This top-floor duplex co-op has 5 bedrooms and 5.5 bathrooms. The living room with a fireplace, a 20’ x 25’ bedroom, and a 2nd bedroom with a fireplace have Central Park views. A formal dining room also has a fireplace. The apartment needs to be renovated, and monthly maintenance is $17,436. Amenities include a doorman and a fitness center.

The No. 2 contract was a townhouse at 112 Waverly Place, asking $13,500,000, reduced from $15,500,000 when it was listed in May. The 4-story, 22-foot-wide house has 6,321 square feet and has been divided into four units. It has a roof terrace but no elevator.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 1 1 0 0 Avg.Ask:
$16,050,000
2
Condos 0 3 1 4 Avg.Ask:
$6,460,625
Avg.$/sq.ft.:
$2,587/sq.ft.
Avg.Size:
2,498 sq.ft.
8
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 0 2 Avg.Ask:
$12,750,000
Avg.$/sq.ft.:
$2,471/sq.ft.
Avg.Size:
5,161 sq.ft.
2
TOTALS 1 4 1 6 . 12


*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 10 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
November 20-26, 2023
Total Weekly Asking Price Sales Volume: $109,285,000

Average Asking Price: $9,107,083

Median Asking Price: $6,857,500

Average Discount from Original Ask to Last Asking Price: 6%

Average Days on Market: 429









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

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