Twenty-five contracts were signed last week in Manhattan at $4 million and above, five more than the previous week. Condos outsold co-ops, 15-4, with 6 townhouses in the mix
The No. 1 contract was PH54 at 277 Fifth Avenue, asking $20 million, reduced from $23 million when the building opened sales in 2017. The condo has 4,520 square feet including 4 bedrooms, 4.5 bathrooms, and a 760-square-foot loggia off the dining room, kitchen, and one of the bedrooms. The 36-foot great room has 14-foot-high ceilings. The unit has views in all directions. Amenities in the building include doormen, fitness center, children’s playroom, landscaped terrace, and an entertainment lounge.
The No. 2 contract was a townhouse at 160 East 83rd Street, asking $17.5 million, reduced from $18.5 million when it was listed in June 2023. The 5-story, 18-foot-wide house has 8,000 square feet including 5 bedrooms and 6.5 bathrooms, 5 gas fireplaces and an elevator. The house has a 54-foot-wide garden with an extension built above it that features an interior gym/basketball court. Annual taxes total $118,355.
. | EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals |
---|---|---|---|---|---|---|
Co-ops | 4 | 0 | 0 | 0 | Avg.Ask: $7,875,000 |
4 |
Condos | 1 | 2 | 3 | 9 | Avg.Ask: $8,464,065 Avg.$/sq.ft.: $3,092/sq.ft. Avg.Size: 2,737 sq.ft. |
15 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: Avg.$/sq.ft.: Avg.Size: |
0 |
Townhouses | 4 | 1 | 0 | 1 | Avg.Ask: $10,057,500 Avg.$/sq.ft.: $1,812/sq.ft. Avg.Size: 5,550 sq.ft. |
6 |
TOTALS | 9 | 3 | 3 | 10 | . | 25 |
CLICK HERE TO VIEW 19 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 6 CONTRACTS SIGNED ON TOWNHOUSES |
Donna Olshan, President |
Emily Chen, Private Wealth Real Estate Services
|
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QUICK STATS
for the week of
January 6-12, 2025
Total Weekly Asking Price Sales Volume: $219,005,980
Average Asking Price: $8,760,239
Median Asking Price: $6,600,000
Average Discount from Original Ask to Last Asking Price: 10%
Average Days on Market: 899