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OLSHAN LUXURY MARKET REPORT
September 25-October 1, 2023
Twenty contracts were signed last week in Manhattan at $4 million and above, a robust 12 more than the previous week’s 12-month low. Condos outsold co-ops, 16-2, with 1 condop and 1 townhouse in the mix.

The No. 1 contract was PH10 at 760 Madison Avenue, asking $25 million. The new condo in the Giorgio Armani Residences has 3,108 square feet includes 3 bedrooms and 3.5 bathrooms, plus a wraparound terrace totaling 1,279 square feet. The 10-unit, 12-story condo is designed by CookFox. Amenities include a doorman, fitness center, and resident’s lounge. The ground-floor retail space will be occupied by Armani, and the designer plans to live in the building. PH10 was sold to a local buyer. The building was quietly marketed over the summer, and the sales office, which opened a week ago, is reporting that half of the units have sold. Closings are ...

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