Manhattan’s luxurious market bucked the seasonal slowdown final week.
Patrons signed contracts for 21 houses within the borough asking $4 million or extra between July 27 and Aug. 2, based on Olshan Realty’s report. The overall was up from simply 18 offers inked within the previous period and, whereas beneath a few of this yr’s earlier highs, effectively above the 9 contracts signed throughout the identical week in 2025.
Final week’s pending offers additionally outpaced the totals nabbed in 2022, 2023 and 2024, although it fell behind the whopping 36 contracts signed in 2021 — a record-breaking yr for the borough’s luxurious market.
The most costly property to discover a purchaser was a rental on the Brodsky Group and Sorgente Group’s conversion of the Flatiron Building, which had an asking value of $15.7 million. The residence initially requested $15.5 million when gross sales launched on the constructing final fall.
Unit 18South spans 3,000 sq. ft and has three bedrooms and three bogs. It additionally options arched home windows, ceilings over 11 ft and views of the East and Hudson rivers.
The rental was considered one of a number of models at 175 Fifth Avenue to prime weekly contract stories, together with in March, when a purchaser inked a $30.5 million deal to buy the constructing’s seventh ground, initially designed as two separate flats. In Could, one other unit on the constructing snagged a pending deal, asking $17.6 million.
A group with Corcoran Sunshine Improvement Advertising and marketing, led by Angeli DeCecchis and Michele Hinojos, is heading gross sales on the mission.
The second priciest residence to snag an inked deal was for a townhouse in the West Village, with an asking value of $10.7 million. The house at 259 West eleventh Road, which has been owned by the identical household since 1974, hit the market in April asking $11.7 million.
The 20-foot-wide townhouse was inbuilt 1899 and served because the rectory of St John’s Episcopal Church till it offered in 1902. It’s presently configured as two duplexes with 9 fireplaces.
Leslie J. Garfield’s Matthew Pravda, Matthew Lipsky and Matt Lesser had the itemizing.
Of the 21 houses to enter contract, 13 had been condos, 5 had been co-ops and three had been townhouses.
The properties had been priced at a mixed $136 million, which works out to a mean of $6.5 million and a median of $5.5 million. The standard residence was in the marketplace for a yr and a half and was discounted by 14 %.
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