Manhattan luxury contracts ride busy streak to nine-month high

Greenwich Village, Chelsea units top sixth straight week of 25+ signings

Manhattan Luxury Contracts Hit Nine-Month High

From left: Serhant’s Chase Landow and Compass’ Rachel Glazer along with 109 Waverly Place and 527 West 27th Street (Getty, Serhant, Compass, LoopNet, Google Maps)

Seven townhouse signings spurred Manhattan’s luxury market last week, which saw 25 homes enter contract. 

It’s the highest number of luxury townhouse contracts in a single week since June, according to Olshan Realty’s weekly report on homes asking $4 million or more. 

The most expensive home to enter contract last week was the townhouse at 109 Waverly Place. The home was asking just under $20 million, down from $25 million when it was listed in August 2022. 

The four-story home has seven bedrooms, six bathrooms and spans 8,300 square feet. It also has two powder rooms, an elevator and a lap pool, gym, sauna and wine cellar in the basement. 

The seller bought the home in 2011 for $17.8 million.

Compass’ Rachel Glazer had the listing. 

Sign Up for the undefined Newsletter

The second most expensive home to go into contract last week was PHA at 527 West 27th Street. The unit had an asking price just under $18 million, down from $21 million when it was listed off floorplans in 2016. 

The four-bedroom, 4.5-bathroom duplex condo spans 4,500 square feet and has a 4,600-square-foot terrace off the upstairs that has a kitchen and outdoor pool. Amenities at the building, dubbed The Jardim, include a 60-foot skylit pool, a yoga studio, on-site parking and a fitness center.

Serhant’s Chase Landow had the listing. 

Read more

There were 14 condo signings and four co-op contracts in addition to the seven townhouse signings last week — a sharp decline from the 40 contract signings two weeks ago. Still, it’s the sixth week in a row at least 25 contracts have been signed. 

The homes’ combined asking price was $206.9 million, which works out to an average asking price of $8.3 million and a median just under $7 million. The typical home received a 12 percent discount and spent 584 days on the market.