LUXURY MARKET REPORT
March 30-April 5, 2020
And then there were 2—again.

Meaning for the 2nd week in a row, only 2 contracts were signed in Manhattan at $4 million and above. We’ll take it, considering that the New York State shelter-in-place order kept the public in their homes, and on top of that, the stock market suffered its worst first quarter ever.

The top 2 deals were sky-high condos far removed from the pandemic madness on the ground.

The No. 1 contract was PH57 at 56 Leonard Street, asking $24.5 million, reduced from $29.5 million. It was the last sponsor apartment to sell in the building. Kudos to broker Elizabeth Unger of Corcoran Sunshine, who has been the sponsor’s agent since the building started marketing off of floorplans in 2013. I emailed Ms. Unger for details about how the deal got done, and she replied that due to the confidential nature of the negotiations, she ...

...GET MORE >

Email Olshan Olshan on Twitter Olshan on Facebook Privacy Policy