Q4 Starts With a Bang
The Market Report
This week's highest-priced contract is 760 Madison Avenue, listed at $25,000,000. This pre-construction 3,103 sq. ft. condo has 3 bedrooms, 3.5 baths, and offers wrap-around balconies. The Armani project is the newest and hottest new development on the UES. Already 50% sold, this development presents a unique opportunity to trophy property buyers.
This week, 33 properties went under contract, with eight properties exceeding $10MM. Sales volume increased by $200MM from last week, while the average sales price saw a $1MM increase.
Some notable deals:
111 West 57th Street #26- $14,200,000
A full floor in the lower element of 111 West 57th Street has entered contract. This unit has extremely partial Central Park views.
22 Bond Street #PH1 - $11,995,000
22 Bond has been on the market for about five years with multiple different broker representations. After reducing the price multiple times, the residence has found a buyer.
70 Vestry Street #5A- $10,800,000
70 Vestry, designed by Robert A.M. Stern, is objectively the most luxurious building downtown. Usually a rare case finding an apartment available in the building.