Manhattan’s luxurious market bucked the seasonal slowdown final week.
Patrons signed contracts for 21 properties within the borough asking $4 million or extra between July 27 and Aug. 2, in accordance with Olshan Realty’s report. The overall was up from simply 18 offers inked within the previous period and, whereas beneath a few of this 12 months’s earlier highs, effectively above the 9 contracts signed throughout the identical week in 2025.
Final week’s pending offers additionally outpaced the totals nabbed in 2022, 2023 and 2024, although it fell behind the whopping 36 contracts signed in 2021 — a record-breaking 12 months for the borough’s luxurious market.
The most costly property to discover a purchaser was a rental on the Brodsky Group and Sorgente Group’s conversion of the Flatiron Building, which had an asking value of $15.7 million. The house initially requested $15.5 million when gross sales launched on the constructing final fall.
Unit 18South spans 3,000 sq. ft and has three bedrooms and three loos. It additionally options arched home windows, ceilings over 11 ft and views of the East and Hudson rivers.
The rental was one in all a number of items at 175 Fifth Avenue to high weekly contract stories, together with in March, when a purchaser inked a $30.5 million deal to buy the constructing’s seventh ground, initially designed as two separate residences. In Might, one other unit on the constructing snagged a pending deal, asking $17.6 million.
A group with Corcoran Sunshine Growth Advertising and marketing, led by Angeli DeCecchis and Michele Hinojos, is heading gross sales on the undertaking.
The second priciest house to snag an inked deal was for a townhouse in the West Village, with an asking value of $10.7 million. The house at 259 West eleventh Avenue, which has been owned by the identical household since 1974, hit the market in April asking $11.7 million.
The 20-foot-wide townhouse was in-built 1899 and served because the rectory of St John’s Episcopal Church till it bought in 1902. It’s at the moment configured as two duplexes with 9 fireplaces.
Leslie J. Garfield’s Matthew Pravda, Matthew Lipsky and Matt Lesser had the itemizing.
Of the 21 properties to enter contract, 13 had been condos, 5 had been co-ops and three had been townhouses.
The properties had been priced at a mixed $136 million, which works out to a median of $6.5 million and a median of $5.5 million. The standard house was in the marketplace for a 12 months and a half and was discounted by 14 %.
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