Posted Nov 15, 2021, 8:22 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,818
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Good news for Barnett…
https://www.mansionglobal.com/amp/ar...ek-01636999105
Manhattan Luxury-Home Market Inked a Half-Billion in Deals Last Week
It was the best week of the year for homes asking $4 million or more in terms of total volume and number of sales
BY LIZ LUCKING
NOVEMBER 15, 2021
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Last week was the most prosperous seven-day stretch of the year for Manhattan’s high-end home market, according to Olshan Realty’s weekly market roundup on Monday.
There were a whopping 60 contracts signed on homes asking $4 million or more in the New York City borough during the week ending Sunday, the most this year.
… Collectively, those deals were worth more than a half-billion dollars—roughly $553.9 million—eclipsing this year’s previous high of $483.6 million, set in October, and marking the sector’s strongest performance since the end of 2013.
“In the last six weeks, the luxury market has shifted into high gear,” wrote Donna Olshan, author of the report and president of Olshan Realty.
Though condos remained the most popular home type, accounting for 65% of deals, the 16 co-ops that found buyers was the most the report has recorded in a single week since 2010, when “we started breaking down contracts between co-ops, condos and townhouses,” Ms. Olshan said.
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Quote:
The pricest contract signed last week was for a four-bedroom spread at the Robert A.M. Stern-designed 15 Central Park West, which came with an asking price of $35 million. Spanning 4,565 square feet, the apartment has views of Central Park from the living room, library and main bedroom.
The second-most expensive deal made was on the penthouse at 1010 Park Ave. on the Upper East Side, asking $34.9 million. The 6,745-square-foot duplex has four bedrooms and a 479-square-foot terrace.
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