{"id":294681,"date":"2026-07-13T18:37:13","date_gmt":"2026-07-13T18:37:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/294681\/"},"modified":"2026-07-13T18:37:13","modified_gmt":"2026-07-13T18:37:13","slug":"pending-deals-for-manhattan-trophy-properties-dip","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/294681\/","title":{"rendered":"Pending Deals For Manhattan Trophy Properties Dip"},"content":{"rendered":"

Manhattan\u2019s luxury market revved up last week, but had a hard stop at eight digits.\u00a0<\/p>\n

Just one home in the borough asking more than $10 million snagged a signed contract between July 6 and July 12, the lowest total in more than six months, according to Olshan Realty\u2019s weekly report.\u00a0<\/p>\n

Most of the 29 homes asking $4 million or more to find buyers during the period were priced below $6 million. Though most of the signed contracts were for properties at the lower end of the luxury tier, the deal total was still significantly higher than the previous period<\/a>, when the Fourth of July holiday limited activity to just 15 inked deals.\u00a0<\/p>\n

The most expensive home to nab a signed contract was a condo at Legion Investment Group and Nahla Capital\u2019s 1122 Madison Avenue<\/a>, with an asking price of $21.8 million. The condo initially asked less than $21 million when the developers launched sales earlier this year.<\/p>\n

Unit 14-North spans 3,800 square feet and has five bedrooms and four bathrooms, along with an eat-in kitchen and formal dining room. Amenities in the 22-story property, which is expected to be completed next year, include a fitness center, squash court, cold plunge pool and lounge.<\/p>\n

So far, 23 of the building\u2019s 26 units have found buyers, with asking prices averaging roughly $5,300 per square foot. Some of those pending deals landed among the top spots in weekly contract reports, including a duplex penthouse with an asking price of $89.5 million<\/a>, which entered contract in February.<\/p>\n

A team with Corcoran Sunshine Marketing Group, led by Cathy Franklin, is heading sales at the building.<\/p>\n

The second priciest home to find a buyer was a condo at 257 West 17th Street in Chelsea, with an asking price just under $10 million. The renovated apartment, once owned by Mexican soccer coach and former player Rafael M\u00e1rquez, last traded for $8.6 million in 2014. It hit the market in September, asking $11.8 million.\u00a0<\/p>\n

Unit 7AB spans more than 4,000 square feet and has five bedrooms and three bathrooms. It also features 11-foot barrel-vaulted ceilings, a private landing, and an open kitchen.\u00a0<\/p>\n

The condo is one of 32 units in the building, known as the Steiner, which was built in 1908 and converted into condos in 1998. Its amenities include a doorman and rooftop terrace.\u00a0<\/p>\n

Compass\u2019 Kirk Rundhaug, Sean Johnson, Penni Sodi, Jordan Christensen and Preston Nicholas Shwed had the listing.\u00a0<\/p>\n

Of the 29 properties to enter contract, 19 were condos, six were co-ops and four were townhouses.\u00a0<\/p>\n

The homes were priced at a combined $182 million, which works out to an average of $6.3 million and a median of $5.5 million. The typical home was on the market for more than a year and was discounted by 6 percent.<\/p>\n

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\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Manhattan\u2019s luxury market revved up last week, but had a hard stop at eight digits.\u00a0 Just one home…\n","protected":false},"author":2,"featured_media":294682,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,42980,83,9,24,63],"class_list":["post-294681","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\/294681","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=294681"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/294681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/294682"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=294681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=294681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=294681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}