Central Park Tower takes the top contract again…
The Market Report
The most expensive contract of the week is #84E at 217 West 57th Street. The 4-bed residence entered contract asking $34,264,000. The unit is 4,251 square feet and has incredible Central Park views.
I had an off the record conversation with one of the brokers who represented the buyers, and they shared that the deal happened in the mid $20MM range. Buyers have been drawn to this building due to the major discounts they offer purchasers.
This week 35 properties entered contract- continuing the strong activity the luxury market has shown over the past month. Some notable deals include:
378 West End Avenue #PHA - $25,000,000
525 Park Avenue #PHA - $14,995,000
111 Wooster Street #4D - $4,950,000
#PH4/5 at 641 Fifth Avenue has been returned to the market at $35MM. The Gucci family owns the unit, and has been on and off the market for almost seven years. Some listing Listing details:
Asking Price: $35,000,000
Taxes: $13,817 | CC: $14,497
8 Beds | 8 Baths 2 Powder Rooms
The Week w/ Sarway Team
We are often privileged to work with clients seeking elite and luxurious living spaces, and recently we had the opportunity to help secure three apartment rentals of over $50k per month. These deals were all done off-market, finding properties exclusively through our extensive network of brokers and owners. Despite these rentals being some of the most expensive on the market, the demand for such premium apartments remains robust. This is evident as we have heard of three other similar deals occurring in the market, priced over $75k. Clearly, the market for luxury rentals in prime locations remains in high demand. Through these searches, we have created a database of incredible off-market inventory that we would happily share.
Every year, RealTrends + Tom Ferry recognizes the top real estate professionals from across the country in their America’s Best Real Estate Professionals list. I am thrilled to announce that this year I have been recognized. This accomplishment would not be possible without the support and trust of my amazing clients.