Manhattan’s Luxury Deals Notch 10-Month High

Manhattan’s luxury market reeled off its strongest week in almost a year.

The borough saw 43 contracts signed for homes asking at least $4 million between March 2 to March 8, for a total contract volume was $422 million, according to a report from Olshan Realty. The total marks the most in a single week since May 2025.

There were 23 contracts signed for condos, five for townhouses and 15 for co-ops — the most since November 2021. Homes that went into contract last week had a median asking price of $6 million and an average discount of 9 percent.

The top contract signed last week was for a condo at Extell Development’s 50 West 66th Street in the Upper West Side. Unit 53N had an asking price of $35 million.

Spanning almost 4,900 square feet, the condo has four bedrooms, five bathrooms and two loggias that add almost 300 square feet of outdoor space.

An in-house team from Extell Marketing Group, a team from Douglas Elliman led by Janice Chang and Timothy Hsu and a team from Corcoran led by Beth Benalloul and Hilary Landis are overseeing sales at the building.

The 121-unit tower is almost 80 percent sold, according to Marketproof, and has scored a number of pricey sales in recent months. Unit 41E, a 7,000-square-foot, six-bedroom apartment that closed for over $46 million in December. The 87 closed units have sold for an average of $3,701 per square foot, according to Olshan.

Amenities include a fitness center, indoor lap pool, outdoor saltwater pool, basketball and pickleball courts and a porte-cochere entrance.

The second priciest contract signed last week was for Unit 2803/2805 at the Waldorf Astoria Residences New York, asking $29.75 million. The unit traded to a domestic buyer, according to Olshan.

The roughly 4,700-square-foot condo at 303 Park Avenue is a combination of two sponsor units and has five bedrooms, seven bathrooms, and a 1,300-square-foot terrace.

A Douglas Elliman team led by Jade Chan, JP Forbes and Kai Wong is overseeing sales at the building, along with Douglas Elliman Development Marketing.

Residents began moving into the 372-unit condo conversion in December 2024, years after the project was initially projected to be completed. The building has 50,000 square feet of dedicated amenity space across three floors that are separate from those offered to guests staying in the 375-key hotel. Amenities reserved for condo owners include a fitness center, spa, 25-meter pool and a screen and stage theater.

The building’s current owner, Dajia US, an American subsidiary of a Chinese government-established entity, is now reported to be trying to sell the famed property for at least $1 billion.

Fifty-four out of 372 units have closed, averaging almost $3,290 per square foot, according to Olshan.