LUXURY MARKET REPORT
August 22-28, 2016
With apologies to songwriter Kurt Weill, as the dog days of August dwindle down to a precious few, only 13 contracts were signed last week at $4 million and above. This makes the first August since 2012 that we haven’t cracked 100 sales—93 contracts were reported for the month.

The No. 1 contract was unit 45 at 20 West 53rd Street, asking $22 million, reduced from $23.5 million when it was listed in March 2013. This 4-bedroom, 4.5-bathroom condo has 4,545 square feet and panoramic city views. It is in the new Baccarat Hotel & Residences, a 50-story building with 61 condos and 114 hotel rooms designed by Skidmore Owens and Merrill with interiors by Tony Ingrao.

The No. 2 contract was the 14th floor at 1133 Fifth Avenue, asking $15.8 million, reduced from $18 million when it went on the market in January. This 4-bedroom, 4-bathroom ...

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