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Priciest co-op since 2022 tops Manhattan luxury market

2 E 67th Street, 500 W 18th Street and Sotheby’s Serena Boardman (Getty, Sotheby’s International Real Estate, Google Maps, One High Line)
2 E 67th Street, 500 W 18th Street and Sotheby’s Serena Boardman (Getty, Sotheby’s International Real Estate, Google Maps, One High Line)

Manhattan’s luxury contracts bounced back last week, with a particular peak for co-ops. 

The borough saw 28 contracts for properties asking $4 million or more, according to Olshan Realty’s weekly report. The total is up 10 from the previous week, which was the slowest period since the start of the year. 

The most expensive property to snag a signed contract was at 2 East 67th Street. The co-op entered contract asking $44.5 million, making it the most expensive Manhattan co-op to transact in 22 months. It originally asked $49 million when it listed in May 2022. 

The four-bedroom, 5.5-bathroom home has a living room, dining room and library that overlook Central Park. It was last bought in 2007 for $26 million and has since undergone a renovation. 

Amenities in the building include doormen, a gym and a wine cellar.

Sotheby’s International Real Estate’s Serena Boardman had the listing. 

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The second most expensive home to enter contract last week was West 34B at 500 West 18th Street. The unit in The Witkoff Group and Access Industries’ West Chelsea development known as One High Line had an asking price of $25.6 million. 

The 5,100-square-foot condo has four bedrooms and 4.5 bathrooms. It also has a 1,500-square-foot great room that overlooks the Hudson River and which has two loggias providing 450 square feet of outdoor space. 

One High Line was formerly known as The Xi, before the project fell into a $1 billion-plus foreclosure. Amenities include services offered from the adjacent Faena Hotel, which is part of the project. 

Corcoran Sunshine is selling the project.

Of the 28 homes to enter contract last week, 21 were condos, five were co-ops, one was a condop and one was a townhouse. 

The homes’ combined asking price was $263.7 million, with an average asking price of $9.4 million and a median asking price of $6 million. The typical home received a 4 percent discount and spent 736 days on the market.

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