Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
January 22-28, 2024

25 Contracts Signed

Twenty-five contracts were signed last week at $4 million and above in Manhattan, 6 more than the previous week. Condos outsold co-ops, 15-5, with 5 townhouses in the mix.

Stat Geek Alert: Last week was the biggest week in luxury sales since the first week in October when 26 contracts were signed.

The No. 1 contract was the 9th floor at 760 Madison Avenue, asking $25 million. The new condo in the Giorgio Armani Residences has 4,530 square feet including 5 bedrooms and 5.5 bathrooms. The living room, dining room, eat-in kitchen, and 2 bedrooms overlook Madison Avenue. The 10-unit, 12-story condo is designed by CookFox. Amenities include a doorman, fitness center, and residents’ lounge. The ground-floor retail space will be occupied by Armani, and the designer plans to live in the building. The building was quietly marketed over the summer, and the sales office is reporting that over half of the units have sold. Closings are slated for the second half of 2024.

The No. 2 contract was 17FG at 50 West 66th Street, asking $16.5 million. The 4,510-square-foot condo has 5 bedrooms and 5.5 bathrooms. Amenities in the 122-unit building include doormen, a fitness center, indoor lap pool, and an outdoor saltwater pool, plus a jacuzzi, basketball and pickleball courts, screening room, game room, bike room, and dog-washing facility. Closings in this new condo are expected sometime in 2024.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 3 1 0 1 Avg.Ask:
$6,549,000
5
Condos 2 4 1 8 Avg.Ask:
$9,247,933
Avg.$/sq.ft.:
$2,852/sq.ft.
Avg.Size:
3,242 sq.ft.
15
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 1 1 0 3 Avg.Ask:
$8,387,000
Avg.$/sq.ft.:
$1,472/sq.ft.
Avg.Size:
5,699 sq.ft.
5
TOTALS 6 6 1 12 . 25


*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 20 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 5 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
January 22-28, 2024
Total Weekly Asking Price Sales Volume: $213,299,000

Average Asking Price: $8,513,960

Median Asking Price: $6,995,000

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

Average Days on Market: 399









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

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