Fair Housing Notice

LUXURY MARKET REPORT 2021
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
December 21-27, 2020

16 Contracts Signed

Sixteen contracts were signed last week at $4 million and above in Manhattan. It was the highest Christmas week total since 2017, when 17 contracts were signed. Condos outsold co-ops, 11-3, and 2 townhouses were in the mix.

None of the listing agents involved in last week’s top 2 sales would talk to us, but here are the basics:

The No. 1 contract was Unit 5 at 102 Prince Street, asking $19 million. The sale comprises 2 side-by-side lofts that need to be combined at 102 Prince Street a.k.a. 118 Greene Street and a unit at 114 Greene Street. The condos total 7,092 square feet including 4 bedrooms and 4.5 bathrooms. They are owned by 90-year-old philanthropist and art collector Henry Buhl, who bought them in 1990. The ceiling height is 11 feet, and the corner living room has a fireplace.

The No. 2 contract was PHABE at 95 Greene Street, asking $11.999 million, reduced from $15 million when it was listed in February. The seller paid $13.55 million in September 2018. The triplex condo is configured as 4 bedrooms, 3.5 bathrooms with terraces off the kitchen, a master bedroom, and a rooftop terrace. The unit has a dramatic great room with a 36-foot-tall ceiling.

We’d like to wish everyone a Happy New Year. See you next year.

Stay Safe!!!



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 2 0 0 1 Avg.Ask:
$6,496,667
3
Condos 3 2 1 5 Avg.Ask:
$7,676,273
Avg.$/sq.ft.:
$2,104/sq.ft.
Avg.Size:
3,649 sq.ft.
11
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 0 0 0 2 Avg.Ask:
$6,625,000
Avg.$/sq.ft.:
$2,747/sq.ft.
Avg.Size:
2,412 sq.ft.
2
TOTALS 5 2 1 8 . 16


*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 14 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



Source: Olshan Realty




QUICK STATS

for the week of
December 21-27, 2020
Total Weekly Asking Price Sales Volume: $117,184,000

Average Asking Price: $7,324,000

Median Asking Price: $6,600,000

Average Discount from Original Ask to Last Asking Price: 12%

Average Days on Market: 611









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