Slow Week with 14 Contracts Signed and One $10M Deal Amid Summer Vacations

The Market Report

Highest Price Listing: 31 Grove Street
List Price: $15,295,000 ($3,616 per ft)
Carefully rebuilt in 2002 and fully renovated in 2018, this 21’ foot wide, 4,230-square-foot residence offers a historically accurate façade and a three-story modern wall of windows overlooking a lush garden in the rear.

Market Overview:
During this week, 14 properties went under contract, with one property listed at $10 million or higher. The total sales volume decreased to $92.9 million.

Notable Contracts:

1. 225 W 86th Street #504
   Contract Price: $7,950,000
   This spectacular Robert A.M. Stern designed, four bedroom, four-and-a-half-bathroom home epitomizes timeless glamor, luxury, and elegance. Beauty abounds with peaceful views into the interior 22,000 square foot courtyard garden, north and south exposures, 10-foot ceilings, fully restored, oversized mahogany windows, and white oak floors with chevron and plank patterns throughout.

2. 721 Fifth Avenue #48/49D
   Contract Price: $6,900,000
   Pristine 7-room duplex Condo on high floor offering stunning views of Central Park and city skyline. The residence spans 3,316 square feet across 3 bedrooms, a library, formal dining room, eat-in-kitchen, 4 full bathrooms and 1 powder room.

3. 66 Reade Street #TH
   Contract Price: $4,500,000

   The exquisite Townhouse at 66 Reade Street is the last remaining loft in the remarkable transformation of one of TriBeCa’s landmarked Italianate cast-iron jewels into a boutique luxury condominium.

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