Luxury sales in Manhattan Reached new heights. Although February is short, he asks Sales volume price It reached $1.382 billion. This is an increase compared to approximately $955 million in dollar volume in February 2025.
Also, 123 contracts worth $4 million or more were signed for the month of February, compared to 114 contracts during February 2025, according to the report. Olshan report For the week ending March 1.
Last month’s total sales volume was driven by luxury market properties, with 13 contracts valued at $20 million and above.
“February 2026 saw 45% higher volume than February 2025 due to some huge sales,” said Donna Olshan, company president. Olshan Real EstateHe tells Realtor.com®.
Leading the number of contracts signed were several luxury properties in the Upper East Side building currently under construction.
The property is in 1122 Madison Ave. It has buyers for at least 18 of the 26 units. The building began selling floor plans only on January 15.
Contracts averaged $5,439 per square foot. The bid plan has been revised at least four times – with some showing price increases reflecting demand for the exclusive building.
Once complete, the building will be filled with upscale amenities, including a fitness center, squash court, exercise studio, cold plunge pool, steam room, and sauna.
The third floor will feature a bar, lounge, billiards room, game room, dining room with kitchen (for private parties), media room and game room.
“The construction has been a huge success. Eighteen of the 20 contracts were worth more than $10 million, and five were worth $20 million or more,” says Olshan. “The building has a winning formula: a high-end design boutique apartment (Studio Sofield) in a prime location – one block from the Met Museum. The building also offers a strong amenity package. With only 26 units, it’s like you’re living in an exclusive, private club.”
The first residents will not be able to move into the home until the fall of 2027.
To show strength New York In the city’s real estate market, 32 contracts were signed in just one week for properties worth $4 million and above.
This represents nine more contracts than the previous week.
A masterpiece of the golden age
Property No. 1, which has been contracted, is described as a masterpiece of the golden age.
The country house in 15 East 63rd Street The asking price is $39.5 million, well below the $65 million price tag when it was first listed two years ago.
Located just off the Gold Coast on Fifth Avenue, the townhouse is approximately 18,000 square feet and has six floors and two “sub-level” floors.
A wide marble staircase welcomes guests, but there is an elevator to reach the different floors. Carved woodwork, marble staircases and brass-balconed landings are among the intricate details found throughout.
The house has at least seven bedrooms and 8.5 bathrooms, and there is a separate floor that can be used for staff or the security headquarters located in the basement.
The primary suite has 12-foot ceilings, a front sitting room with French windows, a dressing room, and two luxurious marble bathrooms.
The iron is in fifth place
Contract No. 2 is located in the famous Flatiron Building. The property, located at 175 Fifth Ave. 18 N., has an asking price of $24.8 million.
The project, which was previously an office building, began marketing floor plans in September 2025.
The contracted Unit 18N features four bedrooms and 4.5 bathrooms in more than 4,626 square feet filled with oversized windows showcasing skyline views. Residents will have a private pantry, and wine cellars are available for purchase.
Once fully renovated, the Flatiron Building will contain at least 38 units, many with 12-foot ceilings and views of Madison Square Park.