REAL ESTATE • In Contract
The long-awaited unclenching of Manhattan’s housing market got a jump start last month, when signed contracts and new listings both ticked up over last December. The rise in new listings was the largest since March ‘22, per Elliman. Meanwhile, the median price on closed sales increased in Q4 for the first time since 2022.
A record percentage of those sales were all-cash deals (68%), as the luxury segment continued to push upward (despite the tricky rate environment). In Q4, the median luxury sales price increased to $6.125M, 5% more than last year and 28% higher than pre-pandemic levels.
The new year kicked off with some big new development contracts, including a couple of 3BRs at The Lantern House and 50 W. 66th St. (recently crowned 6sqft’s 2023 Building of the Year). On the resale side, a classic 22’-wide townhouse on Waverly Pl. traded after a year on the market.
→ 50 W. 66th St., 40W (Upper West Side) • 3BR/3.5BA, 2816 SF condo • Closing ask: $16.5MM • 145 SF private loggia with Park and river views • Monthly taxes: $4331; common charges: $4317 • Brokers: Janice Chang & Timothy Hsu, Elliman.
→ 515 W. 18th St., 1904 (Chelsea, above) • 3BR/3BA, 2167 SF condo • Closing ask: $7.475M • River views, High Line courtyard • Monthly taxes: $5839; common charges: $3327 • Broker: Corcoran.
→ 156 Waverly Pl. (Greenwich Village) • 8BR/8BA, 6072 SF townhouse • Closing ask: $8.75M • 1839 Greek Revival, 9 fireplaces • Monthly taxes: $3142 • Brokers: The Eklund | Gomes Team, Elliman.