06/15/2026
Olshan Luxury Report—June 8-14, 2026---35 contracts were signed last week in Manhattan at $4 million and above, one fewer than the previous week. Condos outsold co-ops, 18-13, with 2 condops and 2 townhouses in the mix.
The No.1 contract was West PH35B at 500 West 18th Street, asking $26.6 million, raised from $26 million when the condo, known as the XI, was first offered off floorplans in 2018; it subsequently landed in a $1 billion-plus foreclosure. The condo has 5,059 square feet including 4 bedrooms and 4.5 bathrooms, plus spectacular Hudson River views from a 49’ x 31’ great room and 3 of the bedrooms. It is the last of the 12 penthouses to sell at that address. Ten penthouses have closed so far, averaging $4,809/sq.ft. The project, now re-branded as One Highline, comprises 2 buildings (a condo and a hotel). Amenities include a fitness center, 75-foot lap pool, spa-treatment rooms, a golf simulator, children's playroom, private dining, a games lounge, and a garage. Services are offered from the adjacent Faena Hotel, which is part of the re-branded project.
The No. 2 contract was 10C/11C at 730 Park Avenue, asking $22.6 million, reduced from $42 million when it was listed in
March 2020 and then cycled thru 5 different listing brokers (you read that right!). The 18-room duplex has 6 bedrooms, 8 bathrooms, and 3 powder rooms. Downstairs has a 32’ x 30’ living room with a fireplace and 21-foot ceilings, library, eat-in kitchen, and primary suite. Upstairs are 5 bedrooms, a staff room, laundry room, and a 20’ x 26’ media room. Amenities include doormen, resident manager, fitness center, bike room, and storage. The co-op board allows 50% financing. The owner paid $19.35 million in 2014 and then renovated. Monthly maintenance totals $26,382.