{"id":165156,"date":"2026-03-16T16:58:41","date_gmt":"2026-03-16T16:58:41","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/165156\/"},"modified":"2026-03-16T16:58:41","modified_gmt":"2026-03-16T16:58:41","slug":"manhattans-luxury-market-cools-off-after-hitting-year-high","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/165156\/","title":{"rendered":"Manhattan\u2019s Luxury Market Cools Off After Hitting Year High"},"content":{"rendered":"

After a banner run of dealmaking, Manhattan\u2019s luxury market hit the brakes last week.\u00a0<\/p>\n

Buyers signed contracts for 26 homes in the borough asking $4 million or more between March 9 and March 15, according to Olshan Realty\u2019s weekly report. The total was significantly lower than the previous period<\/a>, when 43 properties entered contract \u2014 the highest number of inked deals in about a year.<\/p>\n

The most expensive home to find a buyer was a penthouse at Skyline Developers\u2019 200 East 79th Street<\/a>, with an asking price of $18 million. The 4,900-square-foot condo, which hit the market in October, last traded for $14.8 million in 2014.\u00a0<\/p>\n

The 20th-floor unit has five bedrooms, five bathrooms and a terrace. It also features a library, an eat-in kitchen and a private elevator landing. Amenities in the 45-unit building include a fitness center, landscaped terrace and residents\u2019 lounge.\u00a0<\/p>\n

Douglas Elliman\u2019s Lauren Muss and Lisa Mathias had the listing.\u00a0<\/p>\n

The second priciest property to land an inked deal was a townhouse attached to the Naftali Group\u2019s latest Upper West Side project, known as the Henry. The 42-foot-wide home, asking $17 million, is one of two built alongside the Robert A.M. Stern-designed building at 211 West 84th Street.<\/a>\u00a0<\/p>\n

The home spans more than 7,700 square feet and has six bedrooms and six bathrooms. It also features a garden, an eat-in kitchen and a floating bathtub in the primary bedroom. The purchase includes access to the building\u2019s amenities, including a rooftop terrace, pickleball court, bowling alley and cinema.\u00a0<\/p>\n

A team with Compass\u2019 development marketing arm, including Alexa Lambert, Alison Black and Shelton Smith, head sales at the building, which launched in September 2024.\u00a0<\/p>\n

Of the project\u2019s 45 units, 22 have closed so far for an average of $2,900 per square foot. Among the units still on the market are a penthouse asking $29 million and another townhouse, also asking $17 million.\u00a0<\/p>\n

Of the 26 properties to find buyers, 19 were condos, six were co-ops and one was a townhouse.<\/p>\n

The homes asked a combined $192 million, which works out to an average of $7.4 million and a median of $6.2 million. The typical home was on the market for more than a year and a half and had a discount of 9 percent.\u00a0<\/p>\n

\tRead more
\n\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Mayor\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Data confirms: \u201cMamdani effect\u201d hasn’t reached NYC luxury market<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Douglas\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Manhattan\u2019s luxury contracts notch 10-month high\u00a0<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Gracie\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Gracie Abrams scoops up another co-op at 1 Fifth Avenue<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"After a banner run of dealmaking, Manhattan\u2019s luxury market hit the brakes last week.\u00a0 Buyers signed contracts for…\n","protected":false},"author":2,"featured_media":165157,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,42980,83,9,24,63],"class_list":["post-165156","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-manhattan","tag-manhattan-headlines","tag-manhattan-luxury-market","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/165156","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=165156"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/165156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/165157"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=165156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=165156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=165156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}