Luxury contracts in Manhattan continue to improve in 2021


The unit at The Benson was the most expensive deal in Manhattan last week.  (Benson)

The unit at The Benson was the most expensive deal in Manhattan last week. (Benson)

It may be too early to say that the New York residential real estate market is returning, but the rise in the number of homes that have closed in the last few weeks has continued after the presidential days.

Last week, 36 real estate contracts were signed calling for $ 4 million or more, just two less than last week, according to the latest market report Olshan Realty. Most of these shops – 26 – were for condoms, with seven cooperatives and three townhouses. Total sales were less than $ 266 million.

Although the volume of deals has increased, prices are still falling, with the average discount on the original asking price of the property coming to 16 percent.

The most expensive deal was for a property that appeared at the top of this list earlier: The buyer signed a contract for a six-bedroom, 5.5-bathroom apartment at The Benson Naftali Group at 1045 Madison Avenue. The unit, which last claimed $ 13.45 million, occupies 4,196 square feet. According to Olshan, the buyers were the Tribeca family, who were looking for more space and better schools on the Upper East Side.

The Naftali ground flat on Madison Avenue has seen a number of large ticket deals in recent months, most recently in week ending February 8when two floors entered into a contract.

Last week, two properties participated in position 2: a three-bedroom apartment at 10 Madison Square West in Nomad and a townhouse at 40 East 67th Street, both of which demanded less than $ 13 million. Remarkably, the townhouse first entered the market in 2016 – but in this market, and given that it clearly needs renovation, this aspiration price did not fly. He eventually entered into the contract a year after reducing the price to just under 13 million.

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