Billionaires Row Takes the Top Spot…Again
The Market Report
The most expensive contract of the week is #82E at 217 West 57th Street. The four-bedroom residence entered contract asking $38,448,000. Central Park Tower has been able to lure buyers to their apartments by offering steep discounts and market-leading broker incentives. The residence is 4,251 sf, features 11.5 ft ceilings, and has incredible panoramic city and Central Park views.
This week, 20 properties entered contract, with two properties entering contract above $10MM . Labor Day Weekend, celebrated by most luxury buyers, likely contributed to the slow activity in the ultra-luxury market. A majority of this week’s luxury sales were below $8MM.
Some notable deals:
500 West 18th Street #PH29A- $18,270,000
This is the second week in a row where this new development reported a major sale. Since the rebranding, this building has been doing extremely well.
953 Fifth Avenue #Mais- $7,400,000
After 352 days on the market, this Fifth Avenue residence enters contract. The beautifully renovated unit has a large monthly maintenance bill of $13,362.
38 W 26th Street #PH12- $7,250,000
This 5,500 SF loft entered contract asking $1,318 per sf. The property was on the market for 350 days.
Off Market Weekly
UES, Carriage House, 25 Footer, Curb Cut, 7k SF and buildable to 10K sf. Needs a gut.
Asking Approx. $13.5MM