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Manhattan Luxury Contract Streak Continues for 12th Week

The most expensive contract signed was for a penthouse at Silverstein Properties’ 30 Park Place. The 4,538-square-foot condo is one of the building’s final unsold sponsor units. It has three bedrooms, along with four outdoor terraces spanning a combined 732 square feet. Silverstein had initially listed the unit for $30 million, but the price was reduced to $25 million by the time it went into contract. The second priciest deal was the former Upper West Side home of the late Broadway star Phyllis Newman and playwright and lyricist Adolph Green, who died in 2002. The couple owned a duplex at the Beresford, the legendary co-op at 211 Central Park West where neighbors included actors Lauren Bacall and Glenn Close, and more recently comedian Jerry Seinfeld. The apartment has three bedrooms, a library and 42-foot terrace overlooking Central Park. The estate of Newman, who died in 2019, listed the unit for $24 million in November 2019. It was reduced to $19.5 million before finding a b

US home sales are surging When does the music stop?

US home sales are surging When does the music stop?
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Manhattan s FOMO Condo Market Sees Spike in Activity

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.

Manhattan Luxury Contract Streak Continues for 11th Week

Manhattan Luxury Contract Streak Continues for 11th Week
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