The Real Deal New York

Posts Tagged ‘olshan realty’

  • A rendering of the Walker Tower, Donna Olshan and a rendering of 56 Leonard Street

    A rendering of the Walker Tower, Donna Olshan and a rendering of 56 Leonard Street

    The Manhattan luxury market had its biggest year since 2007, with 1,372 contracts signed at $4 million or above, totaling nearly $10.9 billion in sales, according to an end-of-year report from Olshan Realty. [more]

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  • olshan-898-park

    898 Park Avenue (Inset: Donna Olshan)

    A dismal nine condominiums and co-ops priced at $4 million and up entered contract last week in Manhattan, according to a weekly luxury market report from Olshan Realty released today. [more]

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  • The penthouse at 10 Madison Square West (Credit: VUW Studios) and Donna Olshan (inset)

    The penthouse at 10 Madison Square West (Credit: VUW Studios) and Donna Olshan (inset)

    The Manhattan luxury market is having a rollicking year, with $8 billion in residential deals going into contract for $4 million or more – eclipsing even the boom year of 2007, new figures show.

    Through September, contracts for 907 apartments each costing $4 million or more have been signed, a 40 percent increase over the number for all of 2007.  The nine-month 2013 number represents a 79 percent increase over the 2012 total, according to a report from Olshan Realty, which specializes in luxury sales.
    [more]

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  • The eighth-floor unit at 40 Bond Street

    The eighth-floor unit at 40 Bond Street

    Not a single co-op went into contract at $4 million or above last week, a first for 2013, according to a weekly luxury market report from Olshan Realty released today. Ten condominiums and four townhouses went into contract.

    The highest contract was for an eighth-floor, 5,364-square-foot condo at 40 Bond Street, the building developed by Ian Schrager and designed by Pritzker Prize-winning architects Herzog & de Meuron. The asking price was $25 million, reduced from $27 million when it hit the market in April. [more]

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  • 56-Leonard-credit-Herzog-de-Meuron

    56 Leonard (Credit: Herzog de Meuron)

    A penthouse at 56 Leonard asking $31 million was the most expensive Manhattan home on the market to go into contract last week, making it the fifth of 10 penthouses there to have sold, according to residential brokerage Olshan Realty’s latest market report. [more]

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  • Renderings of the exterior and interior of 56 Leonard

    Renderings of the exterior and interior of 56 Leonard Street

    If 2013 keeps up the current pace, this year will be the strongest market for luxury sales since 2007, according to residential brokerage Olshan Realty’s latest market report. [more]

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  • penthouse-56-leonard

    Rendering of 56 Leonard penthouse

    So far this year, 133 contracts have been signed for Manhattan homes asking $10 million and up — more than double the number at this point in 2012, according to the latest market report from residential brokerage Olshan Realty, which looks at properties priced at $4 million or more. [more]

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  • 54 East 64th Street, one of the townhouses that entered contract last week

    A whopping six Manhattan luxury townhouse contracts were signed last week, the most in a given week since last June, according to the latest market report from residential brokerage Olshan Realty.

    So far this year, 48 contracts on townhouses have been signed at asking prices of $4 million and up. Sales increased 33 percent over the same period in 2012, and the average asking price for a townhouse rose 4 percent – to $1,669 per square foot. [more]

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  • Sandy Weill and 15 CPW

    This year proved to be the strongest year for the New York City luxury residential market — with 807 contracts signed for homes priced at $4 million and above, representing some $6.6 billion in sales, according to the latest market report from residential brokerage Olshan Realty. The total number of contracts signed signifies a 20 percent jump over 2011, and a 7 percent increase over 2007, the previous top year. The report says that 721 recorded sales — representing 427 condos, 228 co-ops and 66 townhouses — closed at $4 million and above…. [more]

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  • The ongoing financial crisis has made many prospective condominium buyers reluctant to buy based on specifications alone, the Wall Street Journal reported, but one Tribeca whole-block warehouse conversion project, between Hubert and Laight streets, is bucking the trend.

    The Elad Group’s 250 West Street is drawing strong interest, the Journal said, thanks to its large units, and is selling despite the fact that it won’t be completed till fall 2012. Twenty-two buyers have reportedlt signed contracts so far in the 111-unit building and 11 more have made deals to purchase, but have not yet gone into contract.

    “Believe it or not, we have a market going, despite a global financial collapse,” said Donna Olshan, president of Olshan Realty and publisher of a newsletter on apartments selling for more than $4 million in Manhattan. Last week four of 10 such sales were at 250 West Street, she said.
    [more]

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  • $4M-plus Manhattan market sees Xmas surge

    December 29, 2010 09:24AM

    The luxury Manhattan residential market is ending on an optimistic note this year, with nine apartments asking more than $4 million going into contract last week, Crain’s reported. That’s up from zero apartments of that caliber during the Christmas week last year, according to Olshan Realty, which has been tracking the high-end market for years for its clients but only began releasing its data to the public last month. … [more]

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  • Biggest price cut of the day

    June 11, 2009 05:41PM

    The unit to see the biggest price cut of the day is an eight-bedroom,
    eight-bath co-op apartment at 101 Central Park West, between 70th and
    71st streets, according to Streeteasy.com. The price of
    apartment 45B was lowered by $1.72 million, and the home is now on the
    market for a little over $17 million. This is the apartment’s fifth
    price
    cut, and it is now on the market for almost 24 percent less than its
    original asking price of $22.35 million in September 2008. Olshan
    Realty’s Donna Olshan has the listing. TRD
    [more]

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