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OLSHAN LUXURY MARKET REPORT
April 1-7, 2024
Twenty-six contracts were signed last week in Manhattan at $4 million and above, four fewer than the previous week. Condos outsold co-ops, 17-3, with 2 condops and 4 townhouses in the mix.

Stat Geek Alert: Sponsors dominated the week with half of the contracts signed in new buildings.

The No. 1 contract was 37B at 432 Park Avenue, asking $12,400,000, reduced from $18,250,000 when it was listed in 2015. The new condo has 4,003 square feet including 3 bedrooms, 4 bathrooms, and a powder room. It features 12’6” ceilings, a corner 29’ x 29’ living room with city views, and 10’ x 10’ windows; it is one of the last sponsor units to be sold. 432 Park is 96 stories high, a concrete-and-glass edifice designed by the late Rafael Vinoly that can be seen from almost anywhere in the 5 boroughs. Amenities include a fitness center, ...

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