08/04/2026
🏙️ What Happened in NYC Real Estate Last Week? | Market Update
The Manhattan luxury market remained active, with 21 contracts signed at $4 million and above—an increase of 3 contracts from the previous week. Condos led the market with 13 sales, followed by 5 co-ops and 3 townhouses.
✨ Top Contract
A spectacular residence at 18 South, 175 Fifth Avenue (The Flatiron Building) asking $15.65 million. This 3-bedroom, 3-bath home offers more than 3,000 square feet, soaring 11’3” ceilings, iconic arched windows, and breathtaking skyline, East River, and Hudson River views.
✨ Second Highest Contract
A beautifully restored 20-foot-wide townhouse at 259 West 11th Street, asking $10.65 million. The historic 3,520-square-foot home features 9 fireplaces, two duplex residences, and once served as the rectory of St. John’s Episcopal Church.
The luxury market continues to show resilience, outperforming the same week over the past four years (excluding the exceptional 2021 market). Even in August, serious buyers continue to make their move.