The Final Week of 2023 Was a Slow One for Manhattan’s Luxury Real Estate Market – Mansion Global

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Deep-pocketed home buyers signed contracts on 10 luxury homes in Manhattan during the final week of the year, according to Monday’s report from Olshan Realty. 

As is typical, condos were the most popular home type during the week ending Sunday, with buyers inking deals on seven of them, along with three co-ops. Collectively, those 10 deals were worth just shy of $94 million.

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Last week’s performance marked a slight slowdown from the holiday week prior, when 14 contracts were signed on luxury homes—defined in the report as one with an asking price of $4 million or more—for a total volume of $109.2 million. 

The two most-expensive deals had a shared amenity, coveted Central Park views. 

The priciest was a three-bedroom condo at 15 Central Park West, which was asking $18.5 million. The living room, dining room and primary bedroom face the park, and the  Robert A.M. Stern-designed building offers a fitness center with a 75-foot pool, a private restaurant for residents only, a landscaped motor court and garage, a library, a business center and a game room. 

The second-most-expensive home to find a buyer was a penthouse at the Mandarin Oriental Residences at 685 Fifth Avenue. The condo spans 2,341 square feet and has two bedrooms and a 95-square-foot terrace “with a slice of Central Park views,” wrote Donna Olshan, president of Olshan Realty, in the report.

The 29-story building has 65 units that are being sold furnished and outfitted with dishes, glassware and linens. 

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