Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
February 5-11, 2024

21 Contracts Signed

Twenty-one contracts were signed last week in Manhattan at $4 million and above, one fewer than the previous week. Condos outsold co-ops, 16-2, with 3 townhouses in the mix. The top 2 sales were penthouse condos.

Stat Geek Alert: One third of last week’s contracts were asking over $10 million.

The No. 1 contract was PHE at 443 Greenwich Street, asking $28 million, reduced from $32.5 million when it was listed in July. The penthouse triplex condo has 4,968 square feet including 4 bedrooms and 4.5 bathrooms, plus a 1,234-square- foot roof terrace. The unit comes with a deeded parking spot that is outfitted with an electric charging station. Common charges and taxes total $21,522 per month. The seller purchased the condo from the sponsor for $20,185,527 in February 2017.

443 Greenwich Street is a former factory built in the 1880s that was converted into a 53-unit condo in 2015; it retains some of the original details like large windows, huge shutters, and wood beams. Amenities include doormen, a fitness center, a lap pool, garage with valet parking, a landscaped courtyard, and a roof deck.

The No. 2 contract was PH at 126 East 86th Street, asking $19,750,000. The new penthouse condo duplex has 5,678 square feet including 5 bedrooms, 5 bathrooms, 2 powder rooms, 3 balconies, and a rooftop terrace totaling 1,615 square feet. The apartment features 11-foot ceilings and a 49-foot great room with open south views. A rooftop terrace has a pergola and outdoor kitchen.

Amenities in this new 28-unit, 19-story building called Arloparc are doorman, fitness center, children’s playroom, music room, storage, and a lounge with a terrace. The unit was purchased by a local buyer. Monthly common charges and taxes total $18,792.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 1 1 0 0 Avg.Ask:
$7,372,500
2
Condos 4 2 0 10 Avg.Ask:
$9,569,625
Avg.$/sq.ft.:
$3,023/sq.ft.
Avg.Size:
3,166 sq.ft.
16
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 0 3 Avg.Ask:
$11,949,667
Avg.$/sq.ft.:
$1,692/sq.ft.
Avg.Size:
7,062 sq.ft.
3
TOTALS 5 3 0 13 . 21


*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 18 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
February 5-11, 2024
Total Weekly Asking Price Sales Volume: $203,708,000

Average Asking Price: $9,700,381

Median Asking Price: $7,250,000

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

Average Days on Market: 695









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

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