Carol Staab
Associate Broker
Douglas Elliman
111 Fifth Avenue
New York , NY 10003

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Manhattan Luxury Real Estate Report – February 28

The Manhattan luxury $4 million and over market was continued its hot streak for four weeks in a row. 29 contracts were signed. Condos outpaced co-ops 22 to 5. Twenty of the condo contracts were from new development. Downtown outpaced all the other areas with 11 signed contracts. The Eastside and Westside tied at 8 signed contracts.

Top Manhattan Luxury Real Estate Sales and Stats

East West Midtown Downtown Totals
Co-ops 5 0 0 0 5
Condos 2 7 2 11 22
Townhouses 1 1 0 0 2
  • The # 1 signed contract was 993 Fifth Floor 7 asking $17.9 million reduced from $24.9 million.
  • The # 2 signed contract was 250 West 81st Street #PHA asking $16 million. It was a new development designed by Robert Stern.
  • The total volume of asking price volume was $204,794,000.
  • The average asking price was $7,061, 862.
  • The average discount from the original asking price was 10%.
  • The average days on the market was 377.

Celebrity Real Estate News

Michael Dell Buys Manhattan’s Most Expensive Apartment at $100 Million

Dick Cavett Lists Manhattan Co-op For $6 Million

Bruce Willis Snags Another Westside Apartment At One West End Avenue