The Year Starts with an $100 Millon Sale

The Market Report

Highest Price Listing: 8 East 63rd Street [TH]
List Price: $27,995,000 ($2,799 per sf)
Details: 25’ wide townhouse just off of Fifth Avenue. This property was on the market since 2018, and was originally asking $35 million. The property’s price was reduced three times before entering contract. The home encases two duplex apartments which are separate except through the main stairwell.

Market Overview:
During this week, 22 properties went under contract, with four properties valued at $10 million or higher. The total sales volume reached $194 million. The market has broken the holiday slump and has returned to a regular pace.

This report excludes the recent reporting of a unit going into contract at Central Park Tower for over $100MM. The last ask for that unit was $149,000,000. The sponsor commented that the purchase price was just over $100MM.

Notable Contracts:

1. 47 Mercer Street #2
   Contract Price: $12,500,000
   Spanning 4000 square feet with almost 50 feet of frontage over prime Mercer Street- Residence 2 was reimagined by Maurizio Bianchi Mattioli of Studio MBM; its completion was recently featured in Architectural Digest. 121 Days to enter contract.

2. 955 Fifth Avenue #8B
   Contract Price: $10,000,000
   This beautifully renovated Fifth Avenue residence boasts 40' of direct Central Park views floating above the trees. 23 Days to enter contract.

3. 255 E 74th Street #16C
   Contract Price: $4,250,000

   This 3 bed 3.5 Baths and 2,054 Sf residence entered contract in only 14 days.

Off Market Listing:

• Location: UES Unreleased New Development

• Details: Multiple Units available

• Asking Price: From $8MM

• Contact: Email for details and viewing arrangements.

Email for details

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