Manhattan’s luxury market continued its relative crawl through the dog days of summer last week, but notched some top-dollar deals.
The borough saw 19 homes enter contract between Aug. 14 and 20, according to Olshan Realty’s weekly report of deals for homes in the borough asking $4 million or more.
The top contract last week went to a condo at 500 West 18th Street. It’s the fourth time this year Steve Wikoff’s Witkoff Group and Len Blavatnik’s Access Industries’ One High Line has scored a weekly top contract.
Unit PH32A asked $25 million, down $3 million from its asking price when the unit first launched in 2018 as the Xi. The two-building project, made up of a hotel and a residential property, landed in a $1 billion-plus foreclosure two years ago before relaunching.
The 5,700-square-foot apartment has five bedrooms and 5.5 bathrooms. It also has a large kitchen, a 48-foot great room and a living room that opens onto a 240-foot loggia. The building’s amenities include services from the project’s adjacent Faena Hotel, a fitness center, a 75-foot lap pool, a golf simulator and spa rooms.
The second most expensive unit to enter contract last week was 63B at 432 Park Avenue. The unit asked $24.5 million, down from $28 million when it listed in February 2022.
The 4,000-square-foot corner unit has three bedrooms, 4.5 bathrooms and 10 x 10 windows overlooking Central Park, the city skyline and offering river views. The unit has 12.5-foot ceilings. The seller paid $24.6 million for the unit in 2016.
The supertall building on Billionaire’s Row is 96 stories tall. Amenities include a fitness center, a 75-foot lap pool, a private dining room, a garden and a children’s playroom.
Of the 19 homes to enter contract last week, 14 were condos and four were co-ops. The lone townhouse that did enter contract belonged to the late Stephen Sondheim. The eight-time Tony Award winner’s home at 246 East 49th Street hit the market in July with an asking price of $7 million.
The homes’ combined asking price was $167.6 million, which works out to an average of $8.8 million and a median of $5.8 million. The typical home spent 657 days on the market and received a 9 percent discount.
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