Fair Housing Notice

OLSHAN LUXURY MARKET REPORT
Report on Contracts Signed
Manhattan Residential Properties $4 Million and Above
March 13-19, 2023

28 Contracts Signed

Twenty-eight contracts were signed last week in Manhattan at $4 million and above, 8 fewer than the previous week. Condos outsold co-ops, 21-5, and 2 townhouses were in the mix.

Stat Geek Alert: For the first time this year, a townhouse/brownstone took the top spot. Last year, houses accounted for the No. 1 deal 10 times.

The No. 1 contract was a brownstone at 138 East 65th Street, asking $16.995 million, reduced from $22 million when it was listed at the end of December 2021. The 5-story house has 5,358 square feet including 5 bedrooms, 6 bedrooms, an elevator, 2 terraces, and a garden. It has a distinctive façade with copper-clad bay windows. The house was purchased in 2012 for $10 million and then renovated.

The No. 2 contract was 48A at 53 West 53rd Street, asking $15.25 million, reduced from $18.2 million when the building started marketing off of floorplans in 2015. The condo has 3,809 square feet including 4 bedrooms, 4.5 bathrooms, and a study, along with north and east views of the city, 11-foot ceilings, a 28’ x 21’ living room, and a 22-foot master bedroom.

The building was designed by Pritzker Prize-winning architect Jean Nouvel, with interiors by Thierry Despont. Amenities include a concierge, fitness center, 65-foot lap pool, golf simulator, wine room, library, theater, storage, and a children’s playroom.



. EAST SIDE WEST SIDE MIDTOWN DOWNTOWN Asking $/sq.ft. Totals
Co-ops 3 2 0 0 Avg.Ask:
$5,440,000
5
Condos 2 5 3 11 Avg.Ask:
$7,462,948
Avg.$/sq.ft.:
$2,841/sq.ft.
Avg.Size:
2,627 sq.ft.
21
Condop* 0 0 0 0 Avg.Ask:

Avg.$/sq.ft.:

Avg.Size:
0
Townhouses 1 0 0 1 Avg.Ask:
$12,372,500
Avg.$/sq.ft.:
$2,772/sq.ft.
Avg.Size:
4,464 sq.ft.
2
TOTALS 6 7 3 12 . 28


*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 26 CONTRACTS SIGNED ON APARTMENTS

CLICK HERE TO VIEW PAGE 2 OF 26 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
March 13-19, 2023
Total Weekly Asking Price Sales Volume: $208,646,990

Average Asking Price: $7,451,678

Median Asking Price: $5,950,000

Average Discount from Original Ask to Last Asking Price: 5%

Average Days on Market: 744









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

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