Manhattan’s Luxury Home Market Recorded 30 Signed Contracts Last Week
There were 30 luxury contracts signed in Manhattan during the week ending Sunday, marking only the seventh time 30 or more high-end home deals have been inked in a single week this year, according to Olshan Realty’s Monday report.
During both 2022 and 2021, there had been 14 weeks with 30 or more contracts by this point, the data showed.
The most expensive contract of the week was a West Village townhouse on Perry Street, according to the report. The 26-foot-wide home was asking $16.9 million, down from its original listing price of $19.5 million last June.
Standing three stories, the townhouse was built in the 19th century as a carriage house. It’s been divided into three apartments over 6,608 square feet, with an owner’s duplex occupying the top two floors and a rooftop garden.
The second-highest contract was a full-floor co-op that overlooks Central Park, Olshan said. Located at 810 Fifth Ave., the eighth-floor unit initially hit the market in 2020 with a $22 million price tag, but that has since been reduced to $16.5 million.
The Upper East Side home has four bedrooms, four and a half bathrooms, and a 28-foot living room with a fireplace and park views. The 12-unit building was built in 1926 and has only one apartment per floor.
The week’s 30 contracts were made up of 20 condos, six co-ops, two condops and two townhouses, totaling a weekly sales volume—based on asking prices—of $242.8 million. Olshan reported a median price for the week of $6.825 million.