Fair Housing Notice

LUXURY MARKET REPORT 2020
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
December 30-January 5, 2020

8 Contracts Signed

Eight contracts were signed last week at $4 million and above, an unexpectedly slow start to the New Year after 2 months of healthy sales. For example, in the same week last year, 12 contracts were signed and 12 contracts were also signed in 2018.

The No.1 contract was 22D at 300 Central Park West, asking $10 million. This 9-room co-op is in the south tower of the El Dorado, and has 3 bedrooms, 4.5 bathrooms, and expansive views of Central Park from the living room, master suite, and 2nd bedroom. The seller paid $4.5 million in May 2000.

The No. 2 contract was 3WR at 136 Grand Street, asking $8.8 million. This prewar co-op loft has approximately 4,000 square feet. The seller purchased the unit for $3.9 million in November 2013, and gut renovated the space. It has 2 bedrooms, 4 bathrooms, 2 powder rooms, a 40-foot living room, and a 25-foot open kitchen with steel cabinets. It appeared in the January 2018 issue of Architectural Digest , which showcased some other features: a tatami room that includes a tap with three types of sake, a video projector, and a hydraulic table that rises from the floor for casual dining. There is also a mirrored room with a stripper pole. A video of the unit appears on the Architectural Digest website. The building has no services.



EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 1 1 0 2 Avg.Ask:
$6,700,000
4
Condos 0 1 0 3 Avg.Ask:
$5,843,500
Avg.$/sq.ft.:
$2,884/sq.ft.
Avg.Size:
2,026 sq.ft.
4
Condop* 0 0 0 0 Avg.Ask:
0
Townhouses Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
TOTALS 1 2 0 5 8


*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 8 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW 0 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
December 30-January 5, 2020
Total Weekly Asking Price Sales Volume: 50,174,000

Average Asking Price: 6,271,750

Median Asking Price: 5,600,000

Average Discount from Original Ask to Last Asking Price: 1%

Average Days on Market: 226









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