05/31/2022
Hi Everyone,
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We are coming down from a glorious market of supply & demand to increasing Supply in the summer. Here is the window of opportunity that buyers can move swiftly in while sellers become more accurate in pricing.
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đź’ŽLUXURY MARKET REPORTđź’Ž 21 contracts were signed last week in Manhattan at $4+ million, 2 fewer than the previous week, and the 3rd week in a row of declining sales. Condos outsold co-ops, 16-2, and 3 townhouses were in the mix.
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The number one contract was PH75 at 53 West 53rd Street asking $33,095,000 reduced from $36,300,090 when it was listed in July 2015 off of floorplans. Now finished, the condo occupies the entire 75th floor, with 4,599 sf. including 2 bedrooms and 2.5 bathrooms. A 22’ x 39’ great room with 11-foot ceilings and windows on 3 sides showcases spectacular views of Central Park, the Hudson and East Rivers.
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53 West 53rd Street designed by Pritzker Prize-winning architect Jean Nouvel, with interiors by Thierry Despont. Amenities include a concierge, fitness center, 65-foot lap pool, golf simulator, wine room, library, theater, storage, and a children’s playroom.
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The number two contract was 15/16A at 211 Central Park West, asking $19,990,000, reduced from $21 million when it was listed in July 2021. The units were purchased as two separate apartments in June 2007 for $15.1 million and then combined. The duplex has 5 bedrooms, 4.5 bathrooms in south-facing views of Central Park and the Natural History Museum’s planetarium. The 16th floor includes a 31-foot living room with Central Park views, a study, and a large kitchen that opens onto the dining room.
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More details &
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To learn more about the luxury market, DM đź’Ž