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Olshan Realty In the Press
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LUXURY MARKET REPORT
July 27-August 2, 2020
Only 3 contracts were signed last week at $4 million and above, a steep slide from the 15 contracts in the previous week.

Stat Geek Alert: Last week’s total was the lowest since the third week in May, when 3 contracts were also signed. At that time, real estate brokers were not allowed to show properties as required by the New York State lockdown.

The No. 1 contract was the 5th floor at 817 Fifth Avenue, asking $10.975 million, reduced from $13.95 million when it was listed in June 2019. This prewar condominium has 3,450 square feet including 4 bedrooms and 4 bathrooms. The living room with a fireplace, formal dining room, and master bedroom overlook Central Park.

The listing was represented by Daniella Schlisser of Brown Harris Stevens, who said that the buyer’s broker was represented by Douglas Elliman, but she would not name the agent ...

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