LUXURY MARKET REPORT
September 18-24, 2017
Only 11 contracts were signed last week at $4 million and above. Which, in turn, produced a volume of only $61,047,990. Real estate observers usually expect slow weeks during the Jewish holidays, but last week’s results were lower than anticipated—in fact, the number of contracts signed and the total volume were the lowest of the year.

The No. 1 contract was a townhouse at 4 Riverview Terrace, asking $8.950 million, not much above the $8.75 million paid when the house last sold in August of 2008. This 3-story house is 16.67-feet-wide with 3,200 square feet including 3 bedrooms and 3 bathrooms. It is one of 6 houses, built in the 1870s, on a cobblestone cul-de-sac behind Sutton Place and overlooking the East River. Each house has a parking spot out front, and shares a common landscaped garden that lines the East River.

The No. 2 contract was ...

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