LUXURY MARKET REPORT 2019


Report on Contracts Signed
Manhattan Residential Properties
$4 Million and Above
April 15-21, 2019

19 Contracts Signed

Nineteen contracts were signed last week at $4 million and above, a decent Easter Week total when you consider the rocky state of the Manhattan luxury market.

The No.1 contract was 10B at 150 Charles Street, asking $14.95 million--and sold in only 98 days. The condo has 3,395 square feet including 4 bedrooms and 4.5 bathrooms. A 26-foot great room, master suite, and library face the Hudson River. The owner purchased the unit off of floorplans in February 2013 and closed 3 years later for $13,275,554. Amenities include concierge, garage, fitness center, a 75-foot pool, a children’s playroom, and 33,000 square feet of landscaped garden space.

The No. 2 contract was PH3A at 1965 Broadway, asking $13.5 million. This unit in the Grand Millennium condo has 3,358 square feet including 4 bedrooms, 4.5 bathrooms, 2 terraces, and Central Park and Hudson River views. A 22’ x 28’ living room with a fireplace opens onto 30-foot terrace. The apartment needs to be renovated.



East West Midtown Downtown Asking $/sq.ft. Totals
Co-ops 4 1 0 1 Avg.Ask:
6,748,333
6
Condos 1 3 0 8 Avg.Ask:
$7,461,125

Avg.$/sq.ft.:
$2,619/sq.ft

Avg.Size:
2,849 sq.ft.
12
Condops * 0 0 0 0 Avg.Ask:


Avg.$/sq.ft.:


Avg.Size:
0
Townhouses 0 0 0 1 Avg.Ask:
$8,950,000

Avg.$/sq.ft.:
$2,308/sq.ft..

Avg.Size:
3,872 sq.ft.
1
TOTALS 5 4 0 10 19
Total Weekly Asking Price Sales Volume: $138,973,500
Average Asking Price: $7,314,395
Median Asking Price: $5,995,000
Average Discount from Original Ask to Last Asking Price: 11%
Average Days on Market: 565
*Condop is a co-op with condo rules.

CLICK HERE TO VIEW 18 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 1 CONTRACTS SIGNED ON TOWNHOUSES


Donna Olshan
President
dso@olshan.com

Emily Chen
Private Wealth Real Estate Services
Chief of Research
ecc@olshan.com

© 2019
Donna Olshan and Olshan Realty
All Rights Reserved











Email Olshan Olshan on Twitter Olshan on Facebook Privacy Policy