realestate

Manhattan's Luxury Market Shifts as New West Side Developments Gain Traction

Luxury condo at Aurora Capital Partners' West Village development tops Manhattan's luxury market with $40.5M sale.

A
luxury condo at Aurora Capital Partners' West Village development took top spot in Manhattan's luxury market last week, selling for $40.5 million. This was the priciest sale in the borough between October 21-27, according to Olshan Realty's weekly report. A total of 26 properties asking over $4 million landed signed contracts, up from 19 in the previous period.

    The sold condo spans 8,000 square feet and features five bedrooms, five bathrooms, a conservatory with sliding glass doors, and high ceilings facing the Hudson River. The building, developed on a former parking lot, includes amenities like a doorman, garage, fitness center, and lap pool. Another unit at the building, asking $23.3 million, sold in early September.

    The second most expensive home to enter contract was a penthouse at Naftali Group's 211 West 84th Street, priced just under $27 million. The apartment features six bedrooms, six bathrooms, a library, and a 750-square-foot terrace. Amenities at the Robert A.M. Stern-designed building include a half-court basketball court, pickleball court, and fitness center.

    Of the 26 homes sold, 21 were condos, two co-ops, and three townhouses, with a combined asking price of around $270 million. The average sale price was $10 million, while the median was $8 million. Homes typically spent just one day on the market before selling at a 14% discount.

Manhattan luxury real estate market shifts with new west side developments emerging.