Extell leads a busy week in Manhattan luxury market

Busiest week of the year, according to Olshan

Extell Tops Busy Week In Manhattan Luxury
50 W 66th Street, 60 Bank Street (Getty, Google Maps, snohetta)

Manhattan’s luxury market had posted a banner week last week, with 40 contracts signed, the highest number since May 2023. 

There were 30 condo signings, seven co-op signings and three contracts for townhouses, according to Olshan Realty’s weekly luxury homes report. It’s the fifth week in a row that more than 25 contracts have been signed, but signings were down compared to last year as of last week

The most expensive home to enter contract was unit 41NS at 50 West 66th Street, with an asking price just under $46.8 million. The five bedroom, 5.5 bathroom home spans 7,000 square feet, and has 14-foot ceilings. A 56-foot great room overlooks Central Park and has two loggias. The home is a combination of two units in the 122-unit Extell Development building, where amenities include an indoor lap pool, an outdoor saltwater pool and jacuzzi and basketball and pickleball courts.

The second most expensive home to go into contract was the townhouse at 60 Bank Street, with an asking price of $11.5 million, down from under $13.8 million when it was listed in April 2022. The four-story townhouse is 23-feet-wide and spans 4,300 square feet. It’s laid out as a duplex with four units on the upper floors. It also has a south-facing garden and a roof deck.

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The home was previously in contract last May, but the deal fell through and it was re-listed in December. Annual real estate taxes amount to $80,000.

Leslie Garfield’s Matthew Pravda had the listing. 

The homes’ combined asking price was $290.3 million, which works out to an average asking price of $7.3 million and a median asking price of $5.5 million. The typical home spent 726 days on the market and received an 11 percent discount. 

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