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OLSHAN LUXURY MARKET REPORT
May 29-June 4, 2023
Thirty-two contracts were signed last week in Manhattan at $4 million and above, the same as the previous week. Condos outsold co-ops, 21-11.

Stat Geek Alert: It was the largest number of co-op sales since the week of April 25-May 1, 2022, when 13 co-op contracts were signed. The average days on the market for a co-op last week was 306. The average co-op price was reduced by 10% before a contract was signed, consistent with the data for the rest of the market.

The No. 1 contract was PH35A at 500 West 18th Street, asking $30 million, reduced from $34 million when the building started marketing in 2018. The unit has 5,783 square feet including 5 bedrooms and 5.5 bathrooms, and features a 48’ x 28’ great room that opens onto a 322-square-foot loggia. It is in a condo called One Highline, formerly known as ...

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