After a banner run of dealmaking, Manhattan’s luxurious market hit the brakes final week.
Consumers signed contracts for 26 houses within the borough asking $4 million or extra between March 9 and March 15, based on Olshan Realty’s weekly report. The whole was considerably decrease than the previous period, when 43 properties entered contract — the best variety of inked offers in a few yr.
The costliest residence to discover a purchaser was a penthouse at Skyline Developers’ 200 East 79th Street, with an asking value of $18 million. The 4,900-square-foot condominium, which hit the market in October, final traded for $14.8 million in 2014.
The Twentieth-floor unit has 5 bedrooms, 5 loos and a terrace. It additionally encompasses a library, an eat-in kitchen and a personal elevator touchdown. Facilities within the 45-unit constructing embody a health heart, landscaped terrace and residents’ lounge.
Douglas Elliman’s Lauren Muss and Lisa Mathias had the itemizing.
The second priciest property to land an inked deal was a townhouse connected to the Naftali Group’s newest Higher West Aspect undertaking, often known as the Henry. The 42-foot-wide residence, asking $17 million, is one among two constructed alongside the Robert A.M. Stern-designed constructing at 211 West 84th Street.
The house spans greater than 7,700 sq. ft and has six bedrooms and 6 loos. It additionally encompasses a backyard, an eat-in kitchen and a floating bathtub within the major bed room. The acquisition contains entry to the constructing’s facilities, together with a rooftop terrace, pickleball court docket, bowling alley and cinema.
A crew with Compass’ growth advertising arm, together with Alexa Lambert, Alison Black and Shelton Smith, head gross sales on the constructing, which launched in September 2024.
Of the undertaking’s 45 items, 22 have closed thus far for a median of $2,900 per sq. foot. Among the many items nonetheless in the marketplace are a penthouse asking $29 million and one other townhouse, additionally asking $17 million.
Of the 26 properties to search out consumers, 19 had been condos, six had been co-ops and one was a townhouse.
The houses requested a mixed $192 million, which works out to a median of $7.4 million and a median of $6.2 million. The standard residence was in the marketplace for greater than a yr and a half and had a reduction of 9 p.c.
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