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OLSHAN LUXURY MARKET REPORT
May 13-19, 2024
Thirty contracts were signed last week in Manhattan at $4 million and above, 2 fewer than the previous week. Condos clobbered co-ops, 23-4, and 3 townhouses were in the mix.

Sponsor sales comprised 13 out of the 23 condo deals.

The No. 1 contract was West 27A at 500 West 18th Street, asking $17,915,000, raised from $15,500,000 when the condo, then known as the XI, was first offered off of floorplans in 2018; it subsequently landed in a spectacular $1 billion-plus foreclosure. The unit has 3,474 square feet including 4 bedrooms and 4.5 bathrooms. A 34-foot great room, 20-foot master suite, and another bedroom overlook the Hudson River.

By 2021, the XI was rebranded as One Highline under a new sponsor, Witkoff, who took over construction and adjusted prices. Amenities include a fitness center, 75-foot lap pool, spa-treatment rooms, a golf ...

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