Ultra Luxury Market Segment is on Fire

The Market Report

Highest Price Listing: 217 W 57th Street 107/108
List Price: $149,500,000 ($11,905 per sf)
Details: This outlier deal shows significant strength in the ultra-luxury market segment. The property was asking $149 million, but reports say that the deal is for $115 million. This duplex residence features seven bedrooms and nine bathrooms, spanning over 12,557 SF. The unit also features a terrace facing the park.

Market Overview:
During this week, 24 properties went under contract, with six properties valued at $10 million or higher. The total sales volume reached $370 million, which will be seen as an outlier week.

Notable Contracts:

1. 15 Bank Street
   Contract Price: $30,000,000
   Built in 1910, 15 Bank Street is a 22-foot wide, 6,000-square-foot, 5-bedroom single-family townhouse with a large, beautifully landscaped garden. This house took 45 days to enter contract.

2. 520 Park Avenue #17
   Contract Price: $18,000,000
   This full-floor residence has been on the market since September 2021 and has just entered contract after multiple price reductions.

3. 233 E 78th Street
   Contract Price: $5,950,000

   A renovated, triple mint townhome. This property offers approximately 3,200 +/- square feet, easily accessible with a newly installed elevator and complemented by 680 +/- square feet of landscaped outdoor space. The property entered into contract after 118 days on the market.

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.