Two Midtown luxury mainstays led a boost in the first Manhattan signed contracts in 2024.
Seventeen units went into contract last week, up from 10 the final week of 2023, according to Olshan Realty’s report of homes in the borough asking $4 million or more.
The most expensive home to enter contract was unit 69E at 217 West 57th Street, with an asking price of $24.5 million. The three-bedroom, 3.5-bathroom condo spans nearly 3,400 square feet, has 11-foot ceilings and views of Central Park.
The apartment is in Extell Development’s Central Park Tower, a 1,500-foot-tall skyscraper that has been marketed as the tallest residential building in the world. Out of its 180 units, 24 closed last year for an average $4,620 per square foot, not including two studios that sold.
Compass’ Alexandra Hedaya had the listing.
The second most expensive home to enter contract was Unit 40W at 50 West 66th Street, Extell’s Lincoln Square property has made repeat appearances at the top of Manhattan’s signed contracts.
The 2,800-square-foot condo had an asking price of $16.5 million. The home has three bedrooms, 3.5 bathrooms, along with a 500-square-foot great room overlooking Central Park and opens onto a 140-square-foot loggia.
Closings are expected to start later this year at the project.
Corcoran’s Beth Benalloul and Hilary Landis had the listing.
Of the 17 units to enter contract last week, 12 were condos, four were co-ops and one was a townhouse.
The homes’ combined asking price was $141 million, which works out to an average of $8.3 million and a median of $6 million. The typical home spent 737 days on the market and received a 5 percent discount.
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