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    Home»Real Estate News»Manhattan’s Luxury Market Beat Thanksgiving Week Average

    Manhattan’s Luxury Market Beat Thanksgiving Week Average

    Team_WorldEstateUSABy Team_WorldEstateUSADecember 1, 2025No Comments3 Mins Read
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    Whilst Manhattan’s luxurious market cooled within the run-up to Thanksgiving, it rang within the vacation with an above-average week.

    Patrons inked offers for 19 properties within the borough asking $4 million or extra between Nov. 24 and Nov. 30, in keeping with Olshan Realty’s weekly report. The entire was down from 29 contracts signed within the previous period, nevertheless it beat the last decade norm of 17 pending offers logged through the vacation week. 

    A sponsor unit at 53 West 53rd Street, asking $23 million, was the priciest to snag a signed contract within the vacation week. The condominium spans 3,700 sq. toes and has three bedrooms and three loos and options views of Central Park. 

    Gross sales on the tower, developed by Pontiac Land Group and Hines, launched in 2015 and are actually led by a crew with Douglas Elliman’s improvement advertising arm, together with Renee Micheli, Jade Chan, Frances Katzen and Michelle Griffith. 

    Different models on the constructing, often known as the Museum of Fashionable Artwork tower, have additionally snagged prime contracts, together with in October, when a full-floor residence discovered a purchaser after asking just under $47 million. The builders initially sought $51 million for the condominium. 

    Facilities on the 81-story constructing, accomplished in 2020, embrace a lap pool, health heart, golf simulator and concierge. 

    The second most costly house to discover a purchaser was a Greenwich Village townhouse asking slightly below $20 million. The five-story property at 152 West thirteenth Avenue, which hit the market in September, final traded in 2016 for $15 million, following a two-year renovation. 

    The 5,600-square-foot house has 4 bedrooms, 4 loos and an elevator. It additionally options double-height ceilings within the nice room, a landscaped backyard and completed cellar.  

    Compass’ Aeen Avini and Lauren Pepin had the itemizing. 

    Final yr, one other townhouse in Greenwich Village set a new record for Downtown Manhattan when it bought in an off-market deal for $73 million. The double-wide house at 138-140 West eleventh Avenue paved the best way for one more megamansion within the neighborhood to hit the market earlier this yr, asking $75 million. 

    Of the 19 properties, eight have been condos, seven have been co-ops and 4 have been townhouses. 

    The properties requested a mixed $189 million, which works out to a median worth of $10 million and a median of $8 million. The everyday house was available on the market for greater than two years and had a reduction of 16 %. 

    Learn extra

    Duty Free Americas co-owner trades 220 Central Park South condo


    (Photo Illustration by Steven Dilakian for The Real Deal with Getty)

    Sizing up New York City’s lagging luxury growth


    Larry Ellison and Shari Redstone with The Pierre at 795 Fifth Avenue

    Larry Ellison buys two Pierre units from ex-Paramount owner Shari Redstone 






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