Manhattan’s luxury real estate scene has sprung back to life after a relatively quiet period, with 17 contracts signed for homes priced at $4 million or higher in the past week, as reported by Olshan Realty. This marks an increase of four contracts compared to the previous week. Out of these 17 agreements, 11 were for condos and four for co-ops, with one condop and one townhouse rounding out the mix. The total sales volume for the week amounted to $135.44 million, showing an increase of more than $10 million from the previous week.
Notably, ten of these contracts were for properties sold by sponsors, including the most expensive deal of the week. A condominium within the Upper West Side’s soon-to-be tallest building secured the top spot for the second week in a row, with an asking price of $23.5 million. This spacious 50th-floor unit at 50 W. 66th St. spans 3,547 square feet and offers four bedrooms, four and a half bathrooms, and views of Central Park. Additional features include a 141-square-foot loggia off the living room and access to various building amenities, such as pickleball courts and swimming pools.
The second-highest priced contract was for a penthouse in SoHo, originally listed at $18.75 million last October but reduced to $16.9 million. This two-story loft within a co-op on West Broadway features three bedrooms and three and a half bathrooms. The interior boasts exposed brick and ceilings that reach 13 feet in height, complemented by exposed beams. The penthouse’s standout feature is its private rooftop, complete with a glass-enclosed pavilion, a pool, a hot tub, and an outdoor kitchen.