LUXURY MARKET REPORT
May 18-24, 2015

Report on Contracts Signed
NYC Residential Properties
$4 Million and Above

26 Contracts Signed

Twenty-six contracts were signed last week at $4 million and above, not too shabby a total as we headed into a major holiday weekend. Condos out sold co-ops 17-6; there were 2 townhouses and 1 condop in the mix.

The No.1 contract was the 4th floor at 823 Park Avenue, asking $13.750 million. This 9-room apartment has 5 bedrooms, 4.5 bathrooms, and 4,184 square feet. The living room and library span 45 feet across Park Avenue. It has 10-foot coffered ceilings and 2 gas fireplaces. The apartment, one of 12 units in the building, is in excellent condition. It last sold for $11,200,750 in December 2007.

For the second week in a row, the No. 2 contract was a unit in the Plaza Hotel Condominium. Unit 1603 was asking $11.45 million. It is a 1,985-square-foot unit that has 5 rooms including 2 bedrooms and 2.5 bathrooms. All the rooms face Central Pak. The apartment is being sold by Sony Music CEO Doug Morris, who purchased it in 2007 for $8,997,168.

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
May 18-24, 2015

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