December ‘23 is becoming a Mirror of December ‘22

The Market Report

Highest Price Listing: 993 Fifth Avenue #PH
List Price: $19,950,000
Details: The Duplex Penthouse overlooking Central Park features a renovated interior and a wrap-around terrace. This residence features 4 beds, 4.5 baths, and entered contract after 129 days on the market.

Market Overview:
During this week, 23 properties went under contract, with three properties valued over $10 million. The total sales volume reached $166 million.

Notable Contracts:

  1. 52 Wooster Street #PH
    Contract Price: $10,995,000
    New construction SoHo Condo on Wooster Street. This residence features a private outdoor space, an outdoor shower, and a cinema. The unit has 11-foot ceilings.

  2. 40 Mercer Street #32
    Contract Price: $9,995,000
    Located in one of the few full-service buildings in SoHo is this 2,700 SF residence. The property has been on and off the market for multiple years. We represented a tenant who rented this apartment for $26K per month.

  3. 111 W 56th Sreet #41B
    Contract Price: $4,500,000
    Located in the new ONE11 residences is this 1,455 SF two-bedroom. With 10’6” ceilings and views of Central Park, this residence with hotel amenities is a diamond in the rough.

Off Market Listing:

  • Location: Midtown East

  • Details: 4 Bedroom residence with private outdoor space

  • Rental Price: Approximately $31,000 per month

  • 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.

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Four Deals over $10 Million Shows Strength to Close the Year

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Contracts Rebound but Face Resistance from the Holiday Season