New York City Luxury Buyers Snap Up 43 Properties In Week—Most Contracts Through May 2025

Manhattan’s luxury market was in the red for the week ending March 8. High-end buyers bought 43 properties, for $4 million or more, in the week, according to the Olshan Luxury Market Report. Contract signings reached 11 more than last week.

The report shows that this is the largest number since the week of May 19-25, 2025 – when 55 contracts were signed.

“The month of March (March) starts the spring season and is usually a big month when it comes to luxury,” Donna Olshanpresident of Olshan Realty, tells Realtor.com®. “We’re turning the corner with cold weather and we’re reaching New York’s best selling season.”

Condoms were at the forefront, edging out co-ops. The No. 1 contract of the week was a unit at 50 West 66th Street, 53N. It had an asking price of $35 million.

“50 West 66th Street sold well because it’s in a prime location and most of the units have views of Central Park,” Olshan said. “It also has solid amenities including indoor and outdoor pools and a pickleball court. The developer, Extell, is known for building great amenities.”

The complex has an area of ​​50,000 square meters and will have 124 “luxury” homes ranging from two bedrooms to full floors.

This 53N property is an approximately 5,000-square-foot, four-bedroom, 5.5-bath tower residence with a 286-square-foot private loggia (covered, open-sided outdoor patio) with sweeping views of Central Park and the Hudson River.

The living space comes with top of the line appliances including Meile and Subzero appliances, 12-inch oak floors, and ceiling heights over 14 feet high.

Bathrooms have marble bathtubs, open closet space, and a vented washer and dryer.

Branded residences

Two properties at The Waldorf Towers made the second highest sales of the week. Units 2803 and 2805 at 303 Park Ave have an asking price of $29.75 million. This property is a combination of two units to be assembled by the sponsor.

The finished residence will have 4,717 square meters of living space with five bedrooms and seven bathrooms, and a 1,339 square meter terrace.

The Waldorf Tower Condominiums have their own private entrance, separate from the Waldorf Astoria Hotel. There are 372 units with their own staff (concierge, doorman, and valet). Residents will have access to 50,000 square meters of dedicated amenities on floors 25 to 27, separate from the hotel. (The hotel has 375 guest rooms with its own facilities.)

The condo will have access to a fitness center, a spa, a 25-meter pool, a terrace with two outdoor kitchens, a private dining room, a game room, a children’s playroom, and a screen and stage theater.

Waldorf residents will also have benefits similar to staying as a hotel guest, such as signature privileges (restaurants, bar tabs) and preferred access to hotel areas, restaurants, and resorts.

The Olshan report says 54 of the 372 units have closed, averaging $3,289 per square foot.

“Sales at the Waldorf Tower Condominium are starting to pick up. It took eight and a half years for the hotel to be finished and open before the condo sales started,” Olshan said.

“The Waldorf is owned by the Chinese government which has now decided to sell the hotel portion (not the condos) which may help the sighted.”

With the spring selling season just around the corner, Olshan expects luxury sales to continue their momentum.

“New developments continue to lead,” Olshan added. “However, only nine of the 43 properties sold last week advanced. The market showed strength in all categories—condos, co-ops and townhouses.”