05/04/2026
🌇Happy Monday!
Twenty-nine contracts were signed last week in Manhattan at $4 million and above, 5 fewer than the previous week. Condos outsold co-ops, 18-5, with 6 townhouses in the mix.
The No. 1 contract was 34-36 East 70th Street, asking $24.5 million, reduced from $36 million when it was listed in March 2024 and then cycled through 2 brokerage firms. The 5-story, 37-foot-wide house has 12,500 square feet. The interior of the house has been gutted and is being sold with a set of Landmark approved plans. The seller paid $18.25 million in November 2018. Annual real estate taxes are $224,010.
The No. 2 contract was PHS at 459 West Broadway, asking $13.995 million; it was listed in January. The penthouse is a duplex loft with 4 bedrooms, 4.5 bathrooms, and 3 fireplaces. Downstairs features entertaining space with 18-foot ceilings and a 29’x 26’ great room. Upstairs is a large terrace with a hot tub, a lounge, and another bedroom/sunroom. The 10-unit co-op loft building has no amenities and offers a video intercom security system.
Congratulations again to our clients who purchased 300 Spring, 13th highest on Olshan’s contracts signed list.