Manhattan’s Luxury Market Nabs Banner June

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For Manhattan’s luxury market, this June was one for the books.

Buyers signed contracts for 153 properties in the borough asking $4 million or more between June 1 and June 29, according to Olshan Realty’s report. The total landed among the three highest for the month since the brokerage began tracking the data nearly two decades ago.

Manhattan logged 27 inked deals last week, up from 28 in the previous period. Of the homes to find buyers, 15 were condos, seven were co-ops and five were townhouses.

The priciest property to enter contract was a condo at JDS Development and Property Markets Group’s 111 West 57th Street, with an asking price of $20.5 million. The 4,500-square-foot apartment has three bedrooms, three bathrooms, 14-foot ceilings in the great room and views of Central Park.

Unit 39 is the eighth condo at the Billionaires’ Row supertall to top weekly contract reports this year. Since sales launched in 2018, 46 units of the building’s 60 units have closed for an average of $4,200 per square foot. Its pinnacle penthouse hit the market earlier this year, asking a whopping $110 million.

Sotheby’s International’s Nikki Field Team heads sales at the tower, which includes amenities such as a fitness center, pool, terrace and private dining room.

The second most expensive home to enter contract was Unit TH3 at 400 West 12th Street, also known as 66 Bethune Street. The 5,500-square-foot townhouse, which hit the market in April asking $18 million, last traded for $11.5 million in 2010.

The 26.5-foot-wide home spans four stories and has five bedrooms and four bathrooms. It also features a garden, rooftop terrace and deck. It’s attached to the Superior Ink condo and has access to the building’s amenities, which include doormen, a fitness center and garage.

Compass’ Dante Iraola, Ian Slater and Michael Koeneke had the listing.

The West Village condo has been home to a number of celebrity buyers, including designer Marc Jacobs, who purchased another townhouse attached to the property in 2009 for $10.5 million. He sold the home in 2020 for roughly the same price he paid for it.

The homes’ combined asking price was $216 million, for an average price of $8 million and a median of $6.3 million. The typical home spent more than 400 days on the market and was discounted 4 percent from the original listing price.