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Olshan Realty In the Press
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LUXURY MARKET REPORT
January 11-17, 2021
Sixteen contracts were signed last week at $4 million and above, 11 fewer than the previous week’s stellar performance.

Stat Geek Alert: One bright spot is seven of the 16 contracts were signed on properties asking more than $10 million. The last time that happened was the first week in March 2020, just before New York State’s 3-month shutdown due to the pandemic.

The No. 1 contract was the 53rd floor of 111 West 57th Street, asking $26.5 million. The condo has 4,183 square feet including 3 bedrooms and 3.5 bathrooms; it has spectacular views overlooking Central Park. The 46-unit, 82-story building rises 1,428 square feet on the former site of the Steinway & Sons piano store. The upper floors are expected to start closings in the Spring. Amenities include a concierge, a fitness center, 82-foot pool, lounge, terrace, and a private dining room. There is also a ...

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