Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
June 17-23, 2024

30 Contracts Signed

Thirty contracts were signed last week in Manhattan at $4 million and above, 1 fewer than the previous week. Condos outsold co-ops, 20-8, with 2 townhouses in the mix.

Stat Geek Alert: It was the 7th week this year that 30 or more contracts were registered--compared to 13 weeks of 30 or more contracts signed in the same period in 2023.

The No. 1 contract was 19D/20D at 211 Central Park West, asking $19,500,000; both apartments were sold by one owner who never combined them. The units were listed in February. The seller purchased 19D for $10,200,000 in August 2010 from the actress Glenn Close and later purchased 20D for $6,600,000 in May 2018. The two apartments have a total of 13 rooms including 5 bedrooms and 5.5 bathrooms. Apartment 19D has 2 terraces. Plans were drawn for a duplex by architect Peter Pennoyer, but the seller did not move forward with the renovation. The corner units together total approximately 4,400 square feet and feature dramatic Central Park and south views of the city. The units are in a building known as The Beresford. Amenities include doormen, a fitness center, and storage.

The No. 2 contract was PH1 at 505 West 19th Street, asking $17,500,000, reduced from $20,000,000 when it was listed in May 2023. This penthouse condo has 5,622 square feet including 4 bedrooms and 4.5 bathrooms. A 22’ x 28’ great room, library, and master bedroom open onto a 64-foot terrace. The seller paid $15,350,000 in August 2017. The building was built in 2015 with 35 units. Amenities include a doorman, fitness center, bicycle and storage rooms, and a laundry room.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 6 1 0 1 Avg.Ask:
$8,851,250
8
Condos 0 4 2 14 Avg.Ask:
$7,046,750
Avg.$/sq.ft.:
$2,786/sq.ft.
Avg.Size:
2,529 sq.ft.
20
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 1 0 1 Avg.Ask:
$9,747,500
Avg.$/sq.ft.:
$1,577/sq.ft.
Avg.Size:
6,180 sq.ft.
2
TOTALS 6 6 2 16 . 30


*Condops are mixed-use co-op buildings with condo space typically in the commercial or non-residential portion of the building.

CLICK HERE TO VIEW 28 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 28 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 2 CONTRACTS SIGNED ON TOWNHOUSES

Donna Olshan, President
cell: 917-287-0458
home: 212-751-3300 x110
dso@olshan.com

Emily Chen, Private Wealth Real Estate Services
Chief of Research
917-853-9235
ecc@olshan.com

© 2024 Olshan Realty | All Rights Reserved.
This website, its content, and the Olshan Luxury Report is copyright of Olshan Realty.



Source: Olshan Realty




QUICK STATS

for the week of
June 17-23, 2024
Total Weekly Asking Price Sales Volume: $231,240,000

Average Asking Price: $7,708,000

Median Asking Price: $6,322,500

Average Discount from Original Ask to Last Asking Price: 8%

Average Days on Market: 458









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This website, its content, and the Olshan Luxury Report is copyright of Olshan Realty.

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