LUXURY MARKET REPORT
June 29-July 5, 2020
Eight contracts were signed last week at $4 million and above, this in a week cut short by the July 4 holiday weekend. The total is one contract fewer than the same week in July 2019. At that point, the market started to slow due to higher mansion taxes that went into effect on July 1, 2019.

Stat Geek Alert: Half of the properties sold were by sponsor/developers. This is the highest total of developer sales since the middle of March, right before the New York State lockdown.

The No. 1 contract was 4B at 443 Greenwich Street, asking $11.4 million, reduced from $12.995 million when it was listed in October 2018. The seller paid $10,923,786 in September 2016. The unit has 3,013 square feet including 3 bedrooms and 3.5 bathrooms. 443 Greenwich is a former factory, built in the 1880s, that was converted into a 53-unit ...

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