LUXURY MARKET REPORT
August 13-19, 2018
Nineteen contracts were signed last week at $4 million and above, a 58% increase over the previous week (August 6-12), when 12 contracts were signed. Over half of the apartments were sold by developers.

Stat geek alert.: For the 7th time this year, the No.1 or No. 2 slot went to 432 Park. And for the 3rd time this year, the No. 1 or No. 2 slot went to 157 West 57th Street.

The No. 1 contract was the 77th floor at 157 West 57th Street, asking $44 million, reduced from $52 million when it went on the market in February of 2017. The condo has 6,240 square feet including 4 bedrooms and 4.5 bathrooms, with 11’-9” ceilings and panoramic views of Central Park and the city. The unit has a 58-foot living room facing Central Park and a 30-foot master bedroom. The contract represents a loss on ...

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