NYC Luxury Market Watch: Week of October 19, 2026

Manhattan's luxury market had a big week of October 19 to 25, with 36 contracts signed above $4 million for a combined $291,840,000. The week's highest contract was penthouse PHD at 255 East 77th Street, in contract at an asking price of $23,750,000.

The trend

This is up from the week of October 12 to 18, which closed 28 contracts for $214,759,000: 8 more contracts, a 29 percent gain in count and a 36 percent gain in volume.

Two deals cleared $20 million this week, and six of the 36, 17 percent, were in new developments.

Top 5 deals of the week

1. 255 East 77th Street, PHD

$23,750,000 · 6 BD, 6.5 BA, 5,520 SF

A 5,520 square foot penthouse with two terraces and a 27 by 28 foot living room with a fireplace and Central Park views, in the 62 unit Robert A.M. Stern condo at 255 East 77th Street. It leaves just one unit unsold in the building, a 7,206 square foot penthouse duplex asking $37,500,000.

2. 53 West 53rd Street, 59A

$21,530,000 · 3 BD, 3.5 BA, 3,762 SF

3. 443 Greenwich Street, 5B

$16,500,000 · 3 BD, 3.5 BA, 3,454 SF

4. 50 West 66th Street, 5D

$13,250,000 · 5 BD, 5.5 BA, 3,889 SF

5. 44 West 8th Street, 2

$12,500,000 · 4 BD, 3.5 BA, 3,255 SF

The Elevated take

Total Manhattan inventory stands at 6,150 listings, down 9.1 percent from a year ago.

The bigger story this week is that fall demand has arrived in force. The 36 signed contracts were 8 more than the week before and tied the best week of the year, last reached June 1 to 7. Eight deals were at $10 million and above.

New development led the top of the market: the penthouse at 255 East 77th Street asking $23,750,000, followed by 59A at 53 West 53rd Street, a sponsor sale asking $21,530,000 in a tower that first came to market in 2015.

Condos outsold co-ops 19 to 13, with 4 townhouses in the mix, and the Upper East Side out-signed Downtown for the 9th time this year.

Buyers are still negotiating, with an average discount of 5 percent from original ask, and signed listings averaged 494 days on market, a reminder that much of what traded had been waiting for the right price. For sellers who sat out a slow September, this is the window to come to market priced right, because qualified buyers are clearly back at the table.

Work with Elevated

Elevated advises buyers and sellers across Manhattan's luxury market, with $2B+ in lifetime closings including $500M+ sold off-market. Get in touch or reach Zeve Salman directly at 917-607-1331.