Michelle Larsen

06/12/2026

📈 Manhattan Luxury Market Update: June 1–7, 2026

The luxury market is showing no signs of slowing down.

🏙️ 36 contracts were signed at $4M+ last week, up from 32 the week before.

Here’s what’s turning heads:

🔥 Top Deal of the Week
📍PH at 150 Nassau Street
💰 Asking: $20 Million

This isn’t your average penthouse.

✔️ 6,355 SF quadruplex condo
✔️ 4 bedrooms + 4 bathrooms
✔️ 1,200 SF of private terraces
✔️ Panoramic Manhattan views
✔️ Private gym
✔️ And yes… a stainless-steel slide connecting all four floors 🤯

Located within the landmark American Tract Society Building, this one-of-a-kind residence combines historic architecture with truly extraordinary design.

📊 Market Snapshot
• 36 contracts signed at $4M+
• Condos led the market, outselling co-ops 21 to 9
• Over the past 14 weeks, Manhattan luxury has averaged 34 contracts per week
• More than 23% of those deals were priced above $10M

💭 Question: Would you rather own a classic Park Avenue co-op or a four-story penthouse with a slide?

👇 Let me know in the comments.

06/09/2026

I’m grateful to my incredible clients for trusting me and honored to be recognized as one of the top 1.5% brokers nationwide by REALTrends.

04/24/2026

An excellent find for our buyers in Carnegie Hill. The spring market remains strong. Contact me for more information.

04/15/2026

MANHATTAN IS NO LONGER RECOVERING. IT’S LEADING.

— Manhattan has shifted from recovery → strength: $6.2B in Q1 sales (+4% YoY). This is no longer a stabilizing market — it’s in transaction mode.

— Supply tightening, demand decisive: 6,091 listings (-2% YoY) vs. 2,757 sales. Absorption is outpacing supply → pricing discipline holding.

— Cash is king at the high end: 65–70% of $2M–$5M deals are all-cash, insulating the market from rate volatility.

— Co-ops are resurging: Buyers are recognizing value vs. condos → well-priced co-ops are now highly competitive.

— Luxury is leading:
$3–5M ↑11% | $5–10M ↑7% | $10M+ ↑9% → strength at the top is accelerating, not softening.

— Rates stabilizing = confidence returning: Days on market ↓9% (now ~110 days) → buyers moving with clarity again.

— Manhattan remains a global safe haven: Median price ↑9% to $1.28M as international capital flows into limited supply.

— Strategy is everything: In a selective market, well-positioned listings are trading fast — the gap between strategic vs. passive representation has never been wider.

If you are interested in learning more about the state of today’s market or property valuation, please DM, call, email or text me.

04/13/2026

Manhattan Luxury Market Update — Momentum Builds

Another strong week at the top of the Manhattan market.

38 contracts signed at $4M+ — up 7 week-over-week.

Condos led again 24–11 over co-ops, with 3 townhouses in the mix. Buyers are leaning decisively toward new development, full-service amenities, and large-format layouts.

The standout trend: Upper West Side surge.
Twelve condo contracts signed — the strongest UWS luxury activity in nearly a year.

Leading the week:
• 50 West 66th Street, Residence 40N — asking $23.5M
~3,395 sq ft | 4BR / 4.5BA | 14.5-ft ceilings | Central Park loggia
Full-service new development with indoor lap pool, outdoor saltwater pool, pickleball & basketball courts, screening room, and more. Closings averaging $3,710/ft — serious demand.

• 16 Fifth Avenue, 16th Floor — asking $16M
~3,727 sq ft | 3BR / 4.5BA | 32-ft great room overlooking Fifth Avenue
Boutique RAMSA-designed building with golf simulator, full-time staff, and private club-style amenities.

What I’m seeing in real time:
— Buyers stepping confidently into $15M–$25M range
— Strong appetite for new development on the Upper West Side
— Large entertaining spaces + ceiling height commanding premiums
— Amenity-rich buildings winning decisively

The luxury market isn’t just active — it’s becoming selective.
Well-positioned properties are trading quickly, while buyers compete for scale, views, and turnkey product.

If you’re considering selling into strength — this is the window.
If you’re buying — preparation and speed matter more than ever.

04/09/2026

An excellent find for our clients in Carnegie Hill. The spring market remains strong. Contact me for more information.

04/03/2026

02/23/2026

Snow day

02/23/2026

Even today people walk in Central Park.❄️

02/09/2026

Thrilled to be included in such an amazing group of agents at Sotheby's International Realty.