Manhattan’s luxury market reeled off its strongest week in nearly a 12 months.
The borough noticed 43 contracts signed for properties asking at the very least $4 million between March 2 to March 8, for a complete contract quantity was $422 million, based on a report from Olshan Realty. The entire marks essentially the most in a single week since Could 2025.
There have been 23 contracts signed for condos, 5 for townhouses and 15 for co-ops — essentially the most since November 2021. Houses that went into contract final week had a median asking value of $6 million and a median low cost of 9 p.c.
The highest contract signed final week was for a apartment at Extell Growth’s 50 West 66th Street within the Higher West Facet. Unit 53N had an asking value of $35 million.
Spanning nearly 4,900 sq. ft, the apartment has 4 bedrooms, 5 loos and two loggias that add nearly 300 sq. ft of out of doors house.
An in-house group from Extell Advertising Group, a group from Douglas Elliman led by Janice Chang and Timothy Hsu and a group from Corcoran led by Beth Benalloul and Hilary Landis are overseeing gross sales on the constructing.
The 121-unit tower is nearly 80 p.c bought, based on Marketproof, and has scored a lot of dear gross sales in current months. Unit 41E, a 7,000-square-foot, six-bedroom condominium that closed for over $46 million in December. The 87 closed items have bought for a median of $3,701 per sq. foot, based on Olshan.
Facilities embody a health heart, indoor lap pool, out of doors saltwater pool, basketball and pickleball courts and a porte-cochere entrance.
The second priciest contract signed final week was for Unit 2803/2805 on the Waldorf Astoria Residences New York, asking $29.75 million. The unit traded to a home purchaser, based on Olshan.
The roughly 4,700-square-foot apartment at 303 Park Avenue is a mixture of two sponsor items and has 5 bedrooms, seven loos, and a 1,300-square-foot terrace.
A Douglas Elliman group led by Jade Chan, JP Forbes and Kai Wong is overseeing gross sales on the constructing, together with Douglas Elliman Growth Advertising.
Residents started shifting into the 372-unit condo conversion in December 2024, years after the undertaking was initially projected to be accomplished. The constructing has 50,000 sq. ft of devoted amenity house throughout three flooring which are separate from these provided to visitors staying within the 375-key resort. Facilities reserved for apartment homeowners embody a health heart, spa, 25-meter pool and a display screen and stage theater.
The constructing’s present proprietor, Dajia US, an American subsidiary of a Chinese language government-established entity, is now reported to be attempting to promote the famed property for at least $1 billion.
Fifty-four out of 372 items have closed, averaging nearly $3,290 per sq. foot, based on Olshan.
Learn extra
Waldorf Astoria hits market after eight-year condo conversion
Eight years later, Waldorf-Astoria condo conversion welcomes first residents
Extell snags $47M sale at 50 West 66th
