Activity dips below 30, but prices go higher

The Market Report

The most expensive contract of the week is #PH36 at 500 W 18th Street. The 6-bed penthouse entered contract asking $52,000,000. The 7,000 SF penthouse offers incredible downtown and water views. This is the highest-priced contract in the building since it was bought out of bankruptcy from HFZ Capital.

This week 26 properties entered contract- continuing the strong activity the luxury market has shown over the past month. Some notable deals include:

• 515 Park Avenue #12AB- $14,999,000

  • This is 5,000 sf full-floor unit at the iconic 515 Park Ave condominium. Something to note is that the building no longer permits the leasing of units.

• 900 Fifth Avenue #16A - $7,300,000

  • This unit has been on and off the market for multiple years. It offers incredible Central Park views and features an outdoor space. The deal was likely done off-market as the unit was only on the market for 1 day.

• 812 Park Avenue #PHC - $5,395,000

  • This 2 bed 2.5 bath residence entered contract after 255 days. It is a notable deal because it features an incredible outdoor space on a PH level. This is rare for two-bedroom apartments.

147 E 63rd Street is now on the market. The mint-condition townhouse has been listed for the first time since it has been renovated. The current owner bought it in 2017 for $10.3MM.

• Asking Price: $9,300,000

• Taxes: $5,878

• 5 Beds | 5.5 Baths | 6,000 sf