Luxury Market Activity Surges Despite Lower Contract Prices

The Market Report

Highest Price Listing: 184 E 75th Street #TH
List Price: $13,950,000 ($2,325 per ft)
Located on a tree-lined block famous for its exquisite townhouses, this contemporary, light-filled six-story home presents the ultimate in luxury living. Impeccably designed and masterfully realized by a world-class design and construction team, this exceptional property provides 6,000 sq.ft. of living space over six stories as well as 2,000 sq.ft. of landscaped outdoor space. First rate craftsmanship, bespoke fixtures and finishes and entirely upgraded state-of-the-art systems are but a few of the thoughtful facets of this incredible address.

Market Overview:
During this week, 28 properties went under contract, with seven properties listed at $10 million or higher. The total sales volume has decreased to $260 million.

Notable Contracts:

1. 201 E 74th Street #23
   Contract Price: $12,500,000
   Residence 23 is a full floor expansive 5 bedroom, 4.5 bath home with four exposures boasting views of Manhattan and Central Park. An abundance of light floods this home through floor-to-ceiling windows. The private elevator opens to a formal gallery, providing the perfect entry to the grand living and dining rooms featuring double exposures, west and north.

2. 1 Morton Square #TH6
   Contract Price: $10,500,000
   A rare blend of townhouse living combined with the luxuries and conveniences of a full-service condominium, this stunning 25 ft. wide, four bedroom, four and one half bathroom home sprawls over 3,667 sq.ft. on an iconic, West Village cobblestone street. Meticulously designed and gut-renovated to the highest standards by award-winning interior design studio, Meyer Davis, this exquisite home sits drenched in natural light thanks to floor-to-ceiling windows and soaring ceiling heights up to 15 ft.

3. 188 E 78th Street #19A
   Contract Price: $4,750,000

   In this mint four-bedroom, five-and-a-half bathroom condominium home set high above one of the prettiest blocks on the Upper East Side.

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