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LUXURY MARKET REPORT
August 1-7, 2022
Thirteen contracts were signed last week in Manhattan at $4 million and above, 11 fewer than the previous week—a sign that the dog days of summer are nipping at the heels of the luxury real estate market. Condos outsold co-ops, 10-2, and 1 townhouse was in the mix.

Stat Geek Alert: Total volume was $95,243,000, the lowest since the week of October 12-18, 2020, when 14 deals were inked totaling $92,210,000.

The No. 1 contract was S16A at 565 Broome Street, asking $14.95 million, raised from $13.5 million when the sponsor started selling units off of floorplans in September 2016. The duplex condo has 3,397 square feet including 3 bedrooms, 3.5 bathrooms, and a 2,200-square-foot terrace, which includes the perfect heat-wave antidote: a 25-foot saline pool and outdoor shower.

565 Broome Street was designed by Pritzker Prize-winning architect Renzo Piano, who also designed the new ...

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