36 Contracts Signed
Thirty-six contracts were signed last week in Manhattan at $4 million and above, 7 more than the previous week. Condos out sold co-ops, 25-9, with 1 cond-op and 1 townhouse in the mix.
Report on Contracts Signed Manhattan Residential Properties $4 Million & Above
Thirty-six contracts were signed last week in Manhattan at $4 million and above, 7 more than the previous week. Condos out sold co-ops, 25-9, with 1 cond-op and 1 townhouse in the mix.
The No. 1 contract was 8 North at 175 Fifth Avenue, asking $17.625 million. The unit has 3,889 square feet with 4 bedrooms, 4 bathrooms, and a powder room; it features 10-foot-plus ceilings and a 43' x 22 'great room overlooking Madison Square Park. It is in the Flatiron Building, a triangular-shaped, 22-story condo built in 1902 as an office building. In 2023, the owners fell into disagreement and auctioned the property to developers, who bought it for a condo conversion. Amenities in this 37-unit building include 24-hour doormen, a gym, a 60-foot lap pool, sauna, cold-plunge pool, billiards room, residents' lounge with a kitchenette, bike room, and package room.
The No. 2 contract was the 4th floor at 993 Fifth Avenue, asking $15.25 million, reduced from $19.25 million when it was listed in March 2024. The co-op has 12 rooms, including 6 bedrooms and 6.5 bathrooms. The living room, library, and primary suite face the Metropolitan Museum. Amenities include doormen, a fitness center, and storage. The co-op board does not allow mortgage financing.
Total Weekly Asking Price Sales Volume
Average Asking Price
Median Asking Price
Average Discount from Original Ask to Last Asking Price
Average Days on Market
| EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | ASKING $/SQ.FT. | TOTALS | |
|---|---|---|---|---|---|---|
| Co-ops | 7 | 0 | 1 | 1 | Avg.Ask: $6,908,333 | 9 |
| Condos | 3 | 7 | 1 | 14 | Avg.Ask: $7,914,800 Avg.$/sq.ft .: $2,666/sq.ft. Avg.Size: 2,968 sq.ft | 25 |
| Condop* | 1 | 0 | 0 | 0 | Avg.Ask: $6,100,000 Avg.$/sq.ft .: $1,683/sq.ft. Avg.Size: 3,625 sq.ft. | 1 |
| Townhouses | 0 | 1 | 0 | 0 | Avg.Ask: $4,750,000 Avg.$/sq.ft .: $1,005/sqf Avg.Size: 4,725/sq.ft | 1 |
| TOTALS | 11 | 8 | 2 | 15 | 38 |
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