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OLSHAN LUXURY MARKET REPORT
March 20-26, 2023
Thirty-two contracts were signed last week in Manhattan at $4 million and above, four more than the previous week. Condos outsold co-ops, 21-8, and 3 townhouses were in the mix.

Stat Geek Alert: According to our stats for last decade, the first quarter of 2023 is shaping up to yield a par-for-the-course performance, ranking No. 5 with 313 contracts signed in Manhattan at $4 million and above. It falls well below last year’s record-breaking first quarter of 416 contracts signed.

The No. 1 contract was a property comprised of 2 townhouses sold by the same owner at 15 and 17 East 77th Street, asking $32.5 million, reduced from $38 million when listed a year ago. Each house is 5 stories and 16.67-feet wide. Combined, they total 9,760 square feet. The interior of the houses is a shell in white-box condition, ready to be renovated. Real estate taxes ...

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