Extell leads slow week in Manhattan luxury market

50 West 66th Street tops weekly signed contracts for fifth time this year

Extell Leads Slow Week For Manhattan Luxury
15 Central Park West; Extell's Gary Barnett; 50 West 66th Street (Getty, Google Maps, Snøhetta)

Manhattan’s luxury market seems to be hitting a late summer lull.

Just 13 homes asking $4 million or more went into contract between July 31 and Aug. 4, according to a weekly report from Olshan Realty. The period was another step down from the week before, which reported 19 contracts — the fewest since January.

The most expensive home to enter contract was 48N at 50 West 66th Street. The unit, which was asking $23 million, marks the fifth time the property has taken one of the top two spots in Olshan’s weekly reports this year. 

The 3,400-square-foot condo, which has four bedrooms and four and a half bathrooms, started marketing last summer off floorplans. It has 13-foot ceilings and offers views of Central Park and the Hudson River. There’s also a 150-square-foot loggia off the living room.

Amenities at the 39-story, 122-unit building include a fitness center, indoor lap pool, outdoor saltwater pool and jacuzzi, along with basketball and pickleball courts.

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The second most expensive home to enter contract last week was 33C at 15 Central Park West. The home asked just under $19 million, down from $20 million when it was listed in June 2022. 

The 2,800-square-foot condo has three bedrooms and three and a half bathrooms. The living room, formal dining room and third bedroom face Central Park. The seller bought the unit from the sponsor in 2008 for $10.1 million.

Amenities in the Robert A.M. Stern-designed building include a 14,000-square-foot fitness center with a 75-foot pool, a private residents’ restaurant and a landscaped motor court and garage.

Of the 13 units to enter contract last week, six were condos, four were co-ops and three were townhouses. The homes’ combined asking price was $124.4 million, which works out to an average of $9.6 million and a median of just under $7 million. The average home received a 3 percent discount and spent 397 days on the market.

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