Lack of Strong Supply Limits the Market

The Market Report

Highest Price Listing: 50 W 86th Street [House]
List Price: $14,995,000
UWS Mansion, which is currently split into multiple units. The townhouse has buildable air rights and will likely go under a gut renovation into a single family residence.

Market Overview:
During this week, 19 properties went under contract, with one property listed at $10 million or higher. The total sales volume has decreased to $129 million.

Notable Contracts:

  1. 42 Wooster Street #5N
    Contract Price: $9,995,000
    Represented as a listing with a motivated seller, this 4,848 SF residence entered contract after 192 days. Loft 5N is one-of-a-kind with a 47.3 ft. grand living area that features impressive arched custom windows facing Wooster Street, a 3-bedroom/3.5-bathroom full-single-floor home with a keyed elevator entrance, and a 528-square-foot private terrace off the living area.

  2. 167 E 80th Street [House]
    Contract Price: $6,950,000
    167 East 80 is a 4,167 square-foot (3,334 above ground), 4-story townhouse providing 4 bedrooms, a serene 850 square-foot bamboo garden, 4 wood-burning fireplaces, an eat-in kitchen, and high ceilings throughout. Additionally, this home comes complete with a Sonos sound system, central HVAC, and alarm system. This property offers 3,467 square-feet of unused FAR, presenting the opportunity to expand the home both upwards and outwards.

  3. 250 West Street #8J
    Contract Price: $5,250,000
    This rare functional three bedroom (legal 2 bedroom + office) residence embodies the “quiet luxury” aesthetic with designer finishes, historic loft proportions and breathtaking views in a full-service, contemporary condominium right next to Hudson River Park. This residence entered contract in 21 days.

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This report presents the recent high-end real estate market activities, highlighting key transactions and market movements.

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Lux. Market Comes Back: Six Luxury Properties In-Contract Above $10M, Topped by a $44.5M Sale

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Market Activity Continues to Show Strength; $10MM+ Struggles