Manhattan Luxury Contracts Post Banner Week

Manhattan’s luxury market just had its busiest week in a year.

Forty contracts were signed for homes asking $4 million or more, according to Olshan Realty’s weekly report. The total is 10 more than the week prior and the highest since the first week of May 2022.

Sixteen sponsor units in the luxury category went into contract, the highest single-week total in a year for the property type.

The most expensive was 36D at 15 Central Park West, with an asking price of $26.5 million, down from $28 million when it was listed in October.

The 3,100-square-foot condo has three bedrooms and 3.5 bathrooms, as well as a 530-square-foot great room and library overlooking Central Park. The seller bought the apartment in 2008 from the sponsor for $11.4 million.

It’s the fifth time 15 Central Park West has been featured in the Olshan’s weekly report since the beginning of last year.

Amenities at the building, designed by Robert A.M. Stern, include a 14,000-square-foot fitness center with a 75-foot pool, a private restaurant for residents, a landscaped motor court and garage, a library and an outdoor terrace.

The second most expensive unit to enter contract last week was PHA at 150 Barrow Street, with an asking price of $17.5 million.

The condo duplex spans 4,300 square feet and has four bedrooms and 4.5 bathrooms. The upstairs has a great room and kitchen surrounded by a 2,000-square-foot terrace. The bedrooms, living room and a kitchenette are downstairs.

The apartment is in a new boutique building called The Keller — a seven-story, 24-unit former hotel. Four units went into contract asking $4 million or more last week, with prices averaging over $3,600 per square foot. Amenities include a doorman, fitness center, a resident’s lounge and a landscaped courtyard with a kitchenette and barbecue.

Of the 40 luxury Manhattan units that went into contract last week, 29 were condos, five were co-ops, four were townhouses and two were condops.

The asking prices totaled $300 million, an average of $7.5 million. The median asking price was $5.9 million. The typical home’s asking price was discounted 7 percent and spent 628 days on the market.