{"id":150876,"date":"2026-03-03T12:45:07","date_gmt":"2026-03-03T12:45:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/150876\/"},"modified":"2026-03-03T12:45:07","modified_gmt":"2026-03-03T12:45:07","slug":"manhattan-luxury-sales-hit-1b-in-february","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/150876\/","title":{"rendered":"Manhattan luxury sales hit $1B in February"},"content":{"rendered":"

Luxury sales<\/a>\u00a0in\u00a0Manhattan<\/a>\u00a0reached new heights. Despite the shorter month of February, asking price sales volume<\/a> reached $1.382 billion. That\u2019s an increase compared to nearly $955 million in dollar volume in February 2025.<\/p>\n

For the month of February, 123 contracts, priced at $4 million and above, were signed\u2014compared to 114 contracts during February 2025, according to the\u00a0Olshan Report<\/a>\u00a0for the week ending Mar. 1. <\/p>\n

The total sales volume for last month was led by trophy market properties\u201413 contracts at $20 million and above went under contract.<\/p>\n

\u201cFebruary 2026 has 45% higher volume over February 2025 because of some whopper sales,\u201d\u00a0Donna Olshan, president of\u00a0Olshan Realty<\/a>, tells\u00a0Realtor.com\u00ae<\/a>.<\/p>\n

Leading the number of signed contracts were several luxury properties at an Upper East Side building currently under construction.<\/p>\n

For the month of February, 123 contracts, priced at $4 million and above, were signed\u2014compared to 114 contracts during February 2025. Christopher Sadowski<\/p>\n

The property at\u00a01122 Madison Ave.<\/a>\u00a0has buyers for at least 18 out of its 26 units. The building only started selling off floor plans on Jan. 15. <\/p>\n

The contracts have averaged $5,439 per square foot. The offering plan has been amended at least four times\u2014with some showing price increases reflecting the demand for the exclusive building.<\/p>\n

Once completed, the building will be filled<\/a> with high-end amenitites, including a fitness center, squash court, training studio, cold plunge pool, steam room, and sauna.<\/p>\n

Leading the number of signed contracts were several luxury properties at an Upper East Side building currently under construction. MaciejBledowski \u2013 stock.adobe.com<\/p>\n

A third floor will have a bar, lounge, billiard room, playroom, dining room with kitchen (for private parties), media room, and game room.<\/p>\n

\u201cThe building has been highly successful. Eighteen out of the 20 contracts were above $10 million, and five were at $20 million and above,\u201d says Olshan. \u201cThe building has a winning formula: a boutique condo with high-end design (Studio Sofield) in a prime location\u2014one block from the Met Museum. The building also offers a robust amenity package. With only 26 units, it\u2019s like living in a private, exclusive club.\u201d<\/p>\n

The property at\u00a01122 Madison Ave.\u00a0has buyers for at least 18 out of its 26 units. Hayes Davidson<\/p>\n

The first residents won\u2019t be able to move in until fall 2027.<\/p>\n

To show the strength of the\u00a0New York<\/a>\u00a0City real estate market, 32 contracts were signed in one week alone for properties at $4 million and above. <\/p>\n

This marks nine more contracts than the prior week.<\/p>\n

Gilded Age masterpiece<\/p>\n

The primary suite has a 12-foot high ceiling and a front-facing sitting room with French windows, a dressing room, and two luxurious marble bathrooms. John Angelillo\/UPI\/Shutterstock<\/p>\n

The No. 1 property that went under contract is described as a Gilded Age masterpiece. <\/p>\n

The townhome at\u00a015 East 63rd St.<\/a>\u00a0has an asking price of $39.5 million, which is significantly lower than the $65 million price tag when it was first listed two years ago.<\/p>\n

The townhome, located just off Fifth Avenue\u2019s Gold Coast, is about 18,000 square feet and has six floors and two \u201cbelow-grade level\u201d floors. <\/p>\n

A sweeping marble staircase welcomes guests, but there is an elevator to reach the various floors. Carved woodwork, marble stairs, and copper-balconied landings are some of the intricate details found throughout.<\/p>\n

The townhome at\u00a015 East 63rd St.\u00a0has an asking price of $39.5 million. Google maps<\/p>\n

The home has at least seven bedrooms and 8.5 baths, and there\u2019s a separate floor that can be used for staff or security headquarters located on the lower level.<\/p>\n

The primary suite has a 12-foot high ceiling and a front-facing sitting room with French windows, a dressing room, and two luxurious marble bathrooms.<\/p>\n

Flatiron on Fifth<\/p>\n

Once fully renovated, the Flatiron Building will have at least 38 units, many with 12-foot-ceilings overlooking Madison Square Park. James Messerschmidt<\/p>\n

The No. 2 contract is located in the iconic Flatiron Building. The property at 175 Fifth Ave., 18N, has an asking price of $24.8 million. <\/p>\n

The development, which was formerly an office building, started marketing off floorplans in September 2025.<\/p>\n

The 18N unit in contract has four bedrooms and 4.5 baths in more than 4,626 square feet of space filled with oversized windows showcasing skyline views. Residents will have private storage, and wine cellars are available for purchase.<\/p>\n

Once fully renovated, the Flatiron Building will have at least 38 units, many with 12-foot-ceilings overlooking Madison Square Park.<\/p>\n","protected":false},"excerpt":{"rendered":"Luxury sales\u00a0in\u00a0Manhattan\u00a0reached new heights. Despite the shorter month of February, asking price sales volume reached $1.382 billion. That\u2019s…\n","protected":false},"author":2,"featured_media":150877,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[2907,1023,75,84,83,1722,63104,9,24,63,1491],"class_list":["post-150876","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-housing","tag-luxury-real-estate","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-markets","tag-most-expensive","tag-new-york","tag-new-york-city","tag-nyc","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/150876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=150876"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/150876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/150877"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=150876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=150876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=150876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}