A lavish Upper West Side condo at 200 Amsterdam Avenue, listed for $21 million, topped Manhattan’s luxury property contracts last week, making it the city’s most expensive residential deal during the seven-day period ending Sunday.
The 42nd-floor residence was among 29 luxury homes that entered contract in Manhattan, as reported by Olshan Realty. The firm defines luxury properties as those listed at $4 million or more. Last week’s tally included 20 condos, five co-op units, and four townhouses, totaling $238.9 million in asking price value — a sharp rise from the previous week’s $161.7 million.
Despite summer being a quieter season due to wealthy New Yorkers vacationing in the Hamptons, the market stayed hot. “It was the second strongest third week of July since 2006,” wrote Donna Olshan, president of Olshan Realty.
The leading unit — a developer residence at 200 Amsterdam — features over 4,600 square feet, four bedrooms, 4.5 bathrooms, and sweeping Central Park views. It was the last available residence with that layout in the building, according to Peter Zaitzeff, sales director at Serhant. “High-net-worth buyers are increasingly recognizing the value of spacious residences like this,” he noted.
Coming in second was a $19.8 million townhouse on the Upper East Side, spanning six floors and 9,000 square feet. The home includes three bedrooms, four bathrooms, and five fireplaces. Its sellers had acquired and renovated the property after purchasing it for $10.6 million in 2007.
This surge in luxury deals reflects continued demand in Manhattan’s high-end housing market, especially for spacious, well-located homes. As competition grows among affluent buyers, developers and brokers alike are seeing renewed confidence despite seasonal slowdowns.
