450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. click hereOk, Got it
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
150 East 78th Street and 30 Park Place (150east78th, Thirty Park Place)
Four months in and 2021 has officially bested all of 2020 when it comes to luxury real estate deals in Manhattan.
Last week saw 41 luxury contracts signed in the borough, bringing the total number of deals so far this year to 652, according to Olshan Realty’s weekly report. That’s seven more than were signed in all of 2020.
And the total dollar amount for luxury contracts signed in the first four months of 2021 is more than $5.5 billion. That’s compared to the entirety of 2020, when the total volume of signed contracts was over $5 billion.
From left: 130 William Street, 111 Murray Street, 15 & 35 Hudson Yards
On a warm March afternoon, Compass broker Clayton Orrigo was zooming, quite literally, between appointments in the West Village on an electric scooter.
“That’s the only way I can get around fast enough,” he said during a mid-ride phone call.
Many Manhattan residential brokers echo the sentiment; they’ve never been busier. Demand has finally picked up, which means a hefty schedule of showings, fierce negotiations and hurried contract signings. Even bidding wars are back.
It’s not just the optimistic rhetoric all agents seem to share. After a year of depressed activity and headline after headline announcing another company or well-heeled individual moving out of New York, data bears out the uptick.