Manhattan’s Luxury Market Beat Thanksgiving Week Average

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Even as Manhattan’s luxury market cooled in the run-up to Thanksgiving, it rang in the holiday with an above-average week.

Buyers inked deals for 19 homes in the borough asking $4 million or more between Nov. 24 and Nov. 30, according to Olshan Realty’s weekly report. The total was down from 29 contracts signed in the previous period, but it beat the decade norm of 17 pending deals logged during the holiday week. 

A sponsor unit at 53 West 53rd Street, asking $23 million, was the priciest to snag a signed contract in the holiday week. The condo spans 3,700 square feet and has three bedrooms and three bathrooms and features views of Central Park. 

Sales at the tower, developed by Pontiac Land Group and Hines, launched in 2015 and are now led by a team with Douglas Elliman’s development marketing arm, including Renee Micheli, Jade Chan, Frances Katzen and Michelle Griffith. 

Other units at the building, known as the Museum of Modern Art tower, have also snagged top contracts, including in October, when a full-floor apartment found a buyer after asking just under $47 million. The developers initially sought $51 million for the condo. 

Amenities at the 81-story building, completed in 2020, include a lap pool, fitness center, golf simulator and concierge. 

The second most expensive home to find a buyer was a Greenwich Village townhouse asking just under $20 million. The five-story property at 152 West 13th Street, which hit the market in September, last traded in 2016 for $15 million, following a two-year renovation. 

The 5,600-square-foot home has four bedrooms, four bathrooms and an elevator. It also features double-height ceilings in the great room, a landscaped garden and finished cellar.  

Compass’ Aeen Avini and Lauren Pepin had the listing. 

Last year, another townhouse in Greenwich Village set a new record for Downtown Manhattan when it sold in an off-market deal for $73 million. The double-wide home at 138-140 West 11th Street paved the way for another megamansion in the neighborhood to hit the market earlier this year, asking $75 million. 

Of the 19 properties, eight were condos, seven were co-ops and four were townhouses. 

The homes asked a combined $189 million, which works out to an average price of $10 million and a median of $8 million. The typical home was on the market for more than two years and had a discount of 16 percent. 

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