LUXURY MARKET REPORT
June 12-18, 2017
Twenty-one contracts were signed last week at $4 million and above, the second week in a row of falling sales. Is this a harbinger of a typically sluggish summer ahead? Stay tuned.

The No. 1 contract was PH2009 at 1 Central Park South, asking $39.75 million, reduced from $59 million when it went on the market in 2013. This 6,316-square-foot triplex penthouse has 4 bedrooms, 5.5 bathrooms, and a terrace off a top-floor master suite. It is being sold by London developer Christian Candy, who purchased the Plaza Hotel condo for $25.9 million in 2012. Candy did some reconfiguring of the space, and offered the unit furnished. He is known for selling some of the most expensive properties in the world with record-setting prices for penthouses. In 2010, he sold a $312-million unit in Monte Carlo, and in the same year a 3-story 25,000-square-foot penthouse at his London development, ...

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