Manhattan Luxury Residential Market Sees Slight Boost Two Properties Signed Into Contract for More than $10 Million Each Last Week

157 West 57th Street (Beyond My Ken, via Wikimedia Commons)

The Manhattan residential luxury market found itself on the upswing for a change, with two condominiums entering into contracts worth $10 million or more, according to Mansion Global citing Olshan Realty's latest report.

For the week of August 26 to September 1, there were 16 contracts signed worth $4 million or more: two co-ops, 13 condos, and one condop.

Leading the list is a penthouse condo at 50 United Nations Plaza, which signed for $18.25 million. The 5,893-square-foot unit contains five bedrooms and six-and-a-half bathrooms. According to its description, the master bathroom suite features white marble floors, Barcelona soaking tub, and vanity tops; the kitchen carries Sub-Zero refrigerators, Miele dishwashers and wall ovens, and granite countertops. Among the 88-unit building's amenities are a fitness center (including a 75-foot swimming pool), one-to-one parking available for purchase, and a complete staff service.

Coming in second at Olshan's report is a condo at 157 West 57th Street, which entered into contract at $17.5 million. The 3,466-square-foot four-bedroom/four-and-a-half-bathroom apartment features tall ceilings, rosewood flooring, Italian marble, and views of Central Park. The building was designed by Pritzker Prize-winning architect Christian de Portzamparc, and its amenities include a well-attended lobby and and a health club.

A co-op at 910 Park Avenue placed third in Olshan's report by signing into contract for $8.995 million. This five-bedroom/five-bathroom apartment measures 4,668 square feet and comes with a library, a den, a kitchen, a corner living room with a fireplace, and 9.5-foot ceilings. The building, which was constructed in 1924, has a full-time doorman, a fitness center, a bicycle storage room, and other amenities.


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