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Manhattan’s luxury market saw a healthy spurt of activity last week as the number of $10 million-plus sales ramped up to a level not seen since the end of 2024.
For the week of March 10-16, 2025, there were 11 sales priced at $10 million and above, the largest number of such deals since the week ending Dec. 15, 2024, when there were also 11 $10 million-plus sales, according to Olshan Realty’s Luxury Market Report.
At the $4 million and above price point, 36 contracts were signed last week in Manhattan, one more than the week before. The majority of deals were on condos, which saw 27 contracts signed. There were also five contract signings on co-ops and four on townhouses.
The priciest closing of the week was on a downtown condo that sold in an off-market deal for $60 million. The 5,800-square-foot duplex at 150 Charles Street includes five bedrooms, five-and-a-half bathrooms, two terraces and views of the Hudson.
The top contract signed during the week was for a property on the sixth floor of 838 Fifth Avenue, which was asking $24.5 million. The prewar condo had at one point asked $42 million, and had been on and off the market since 2018. It had a view of Central Park and was in need of renovation. The sale included two storage bins and a studio apartment adjacent to the building’s lobby.
Condos at the supertall 111 West 57th Street made the No. 2 and No. 3 contract signings of the week at $20.75 million and $20.5 million, down from asking prices of $30.5 million and $30.25 million, respectively. The three-bedroom, roughly 3,800-square-foot units were sold to separate buyers. Both include 14-foot ceilings and views of Central Park. The condo building, which was previously home to Steinway & Sons piano store, has closed on 39 out of its 60 units so far.
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