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OLSHAN LUXURY MARKET REPORT
April 22-28, 2024
Twenty-nine contracts were signed last week in Manhattan at $4 million and above, one more than the previous week. Condos clobbered co-ops, 21-3, and 5 townhouses were in the mix.

Stat Geek Alert: New-development contracts ruled the week with 14 deals inked by developers.

The No. 1 contract was 47BC at 1 Central Park West, asking $27,500,000; it has been on and off the market since September 2022, starting as high as $39,000,000. The condo has 6,360 square feet including 5 bedrooms, 6 bathrooms, and 2 powder rooms. A living room, library, dining room, den, and master bedroom span over 75 feet overlooking Central Park. The seller paid $25,000,000 in March 2018 and then extensively renovated. Amenities in this Trump International Hotel & Tower unit include a concierge, doorman, fitness center, and a 55-foot indoor pool. On the ground floor is Nougatine, Jean Georges’ Michelin two-star restaurant. Monthly ...

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