Twenty-one contracts were signed last week at $4 million and above, the second week in a row of 20 or more signed contracts after a months -long slump in the luxury market. A hat trick of factors likely contributed to the recent relief rally: a robust stock market, low interest rates, and steadily decreasing prices that are enticing buyers to bid.

The No.1 contract was a sponsor unit on the 57th floor at 45 East 22nd Street, asking $14.5 million, reduced from $17.95 million when it was first listed off of floorplans in October 2014. The 4,658-square-foot condo has 4 bedrooms, 4.5 bathrooms, and sweeping, 360-degree views from the East River to the Hudson River. Common charges and real estate taxes total $19,154. The apartment is in a new 65-story glass condo with 83 units next to Madison Square Park. Amenities include a fitness center, ...

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