search

The Real Deal Logo

Trending

Rent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraud
Residential
New York

At six-month mark, 2013 luxury market strongest since 2007

Renderings of the exterior and interior of 56 Leonard Street
Renderings of the exterior and interior of 56 Leonard Street

If 2013 keeps up the current pace, this year will be the strongest market for luxury sales since 2007, according to residential brokerage Olshan Realty’s latest market report.

In the last week, 31 contracts for luxury properties were signed. That brings the year-to-date total to 750 contracts signed for Manhattan homes asking $4 million and above, with one-third of the deals in new developments that will not be completed for at least two years.

Sign Up for the undefined Newsletter

Last week’s priciest contract — also the most expensive apartment ever sold Downtown — is a prime example. Penthouse 60 at 56 Leonard Street, a top-floor duplex with 7,799 square feet and 1,200 square feet of terraces, was on the market for $47 million.

The second priciest contract signed last week, for a 6,400-square-foot, four-bedroom penthouse, is also at 56 Leonard. Penthouse 53, which comes complete with two terraces and a balcony, was asking $28.5 million. –Julie Strickland

 

Tags
Olshan Realty