Posted Jun 9, 2025, 8:05 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,199
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Not shocking, but good news for Extell and Related as they prepare for a battle of the buildings. Probably not good for that guy’s lawsuit.
https://www.crainsnewyork.com/real-e...-2-8-according
Upper East Side outpaced Lower Manhattan in luxury residential sales last week
Julianne Cuba
June 9, 2025
Quote:
The Upper East Side is giving Lower Manhattan a run for its money when it comes to luxury residential sales.
The number of contracts signed for properties above $4 million in the tony neighborhood have outpaced the downtown market in four out of the past eight weeks, according to Olshan Realty's weekly luxury market report. That's despite buyers' clear preference for homes below 14th Street so far this year, according to the data.
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Quote:
The second-priciest transaction of the week — just $50,000 less than the biggest — was in fact on the Upper East Side. A four-bedroom, five-bathroom condo on Park Avenue at the corner of East 60th Street sold for just under $26 million, according to the report.
The 4,628-square-foot home, spanning a full-floor of the 54-story building by Zeckendorf Development, features a private elevator that leads to a grand entry gallery, 11-foot ceilings, marble countertops and sweeping views of Central Park and the Manhattan skyline. Designed by prolific architect Robert A.M. Stern, also known for 220 Central Park South, the white-glove building features a fitness center, pool and salon.
The priciest transaction last week, by a slim margin, was a three-bedroom, three-and-a-half-bathroom condo at One57 in Midtown that went for $26 million. The 4,193-square-foot unit on Billionaires Row, in a building by Extell Development, was listed in April and features a grand salon with sculpted ceiling details, such as hand-painted gold leaf accents and bronze-paneled arches.
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