Connect with us

Luxury

NYC luxury market shows signs of life

1010 Park Avenue (Credit: Yimby)

Twenty-seven contracts were signed last week for luxury condos or townhouses over $4 million. Over half of the deals were sponsor sales, as developers rode the wave of discounted prices, low interest rates, and a soaring stock market, according to the Olshan Report.

  • Top deals: The No. 1 contract was a 6,448-SF penthouse unit at Victor Sigoura’s 109 East 79th Street, asking $32.5 million. Completion is expected in 2022. The No. 2 contract was a 3,881-SF unit on the 9th floor at Extell’s 1010 Park Avenue, asking $15.9 million. 
  • Brooklyn had a down week: Fifteen contracts were signed for over $2 million, of which 10 were condos and five townhouses — for a total of $37.6 million, according to Compass. [OlshanReport+TRD]

Continue Reading
To Top