LUXURY MARKET REPORT
September 11-17, 2017
The stubborn clouds that have hung over Manhattan’s luxury real estate market have finally parted, letting some sunlight peek through. Twenty-three contracts were signed last week at $4 million and above, the first plus-20 total in almost 3 months. Condos out sold co-ops 16 to 5, and there were 2 townhouses in the mix.

The No. 1 and No. 2 contracts were 2 penthouse condos at 275 West 10th Street: PHC, asking $29.5 million, and PHA, asking $18.85 million. PHC is a duplex with an elevator. It has 5,985 square feet, plus a terrace that totals 1,536 square feet. It also has 5 bedrooms, 5 bathrooms, 2 powder rooms, and a fireplace. The upper level has floor-to-ceiling glass windows that open onto a 70-foot-wide terrace with an outdoor kitchen. PHA is a smaller duplex with 3,846 square feet including 3 bedrooms, 3 bathrooms, 2 powder rooms, and ...

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