Ultra Luxury Gains Ground: $10M+ Market Surges

The Market Report

Highest Price Listing: 12 East 79th Street
List Price: $36,000,000
The extraordinary 28'-wide, 102'-long mansion #12 boasts an incredible 16,000+/- square feet over 6 stories above-grade, plus an English basement and a cellar. Superlative elements abound throughout the interiors, from exquisite woodwork to intricate moldings, elegant ceiling details, and impressive fireplaces.

Market Overview:
During this week, 13 properties went under contract, with six properties listed at $10 million or higher. The total sales volume decreased to $189.5 million.

Notable Contracts:

1. 220 Central Park South #39A
   Contract Price: $34,500,000 ($11,078 per ft)
   220 Central Park South's 39A is a 3,112 SF three-bedroom, three-bathroom plus powder room home, offering 3 exposures - north to expansive Central Park views from the living room, primary bedroom and primary bathroom, west to the water and glorious sunsets, and south with midtown Times Square city views.

2. 944 Fifth Avenue #8
   Contract Price: $22,000,000
   The 8th floor of 944 Fifth Avenue has three rooms overlooking Central Park; the large living room, library, and corner bedroom. The principal bedroom is a suite of two rooms and a double-sized primary bathroom,. There are 2-3 additional bedrooms, with en-suite bathrooms, depending upon how one uses the space.

3. 200 E 79th Street #3C
   Contract Price: $4,650,000

   This triple mint residence is situated in one of the Upper East Side's most desirable and well-run condominium buildings. Combining the charm of pre-war design with the conveniences of modern living, this impeccably maintained home offers 2,215 square feet of beautifully appointed bright and open space. There are 3 bedrooms, 3 bathrooms, and a powder room, all of which feature finishes of the highest quality.

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