Buyers signed contracts for 28 Manhattan homes priced at $4 million or more between Oct. 12 and Oct. 18, according to Olshan Realty. The total rose from 25 pending deals in the prior week, marking a robust finish after a slow September.
West Chelsea condo leads Manhattan luxury market
Unit 17A at 551 West 21st Street secured the top spot with an asking price of $17 million. The 4,300-square-foot apartment offers four bedrooms, four bathrooms, private elevator access, a 38-foot great room, 11-foot ceilings and floor-to-ceiling windows framing the Hudson River and Statue of Liberty. The listing was handled by Compass agents Scott Hustis, Mark Jovanovic, David Son, Nora McGuire and Stojan Trendov.
The 44-unit building gained attention earlier this year when former Howard Hughes CEO David Weinreb rented his penthouse for $177,500 a month. Weinreb had tried to sell the unit for $75 million, far above the $38 million he paid for the unfinished condo in 2017. Amenities include a full-time doorman, fitness center, sauna, steam room and a residents’ lounge. The development, completed around 2015, was led by Scott Resnick.
The market’s willingness to lock in contracts above $4 million reflects a pool of affluent buyers who value prime locations and extensive amenities, even as overall inventory remains limited. Such activity helps sustain price levels in the city’s high-end segment.
The second-most expensive deal involved unit 2329 at the Waldorf Astoria Residences on 301 Park Avenue, listed at $16.5 million. Spanning 3,900 square feet, the condo features three bedrooms, three full bathrooms and a 660-square-foot terrace. The tower contains 372 units atop the historic Waldorf Astoria Hotel, which reopened last summer after extensive renovation delays.
Residents enjoy a fitness center, indoor pool, private dining room, valet parking and 24-hour room service provided by the hotel. Sales are managed by a Douglas Elliman Development Marketing team led by Kai Wong, JP Forbes and Jade Chan.
Of the 28 homes under contract, 17 were condos, seven were co-ops and four were townhouses. The properties carried a combined price of $215 million, with an average price of $7.7 million and a median of $6.3 million. The typical unit spent roughly a year on the market and was discounted by 2 percent.
