LUXURY MARKET REPORT
September 12-18, 2016
Fifteen contracts were signed last week at $4 million and above, a total in line with the previous week’s. And for the second week in a row—and the fourth time this year---not a single co-op went to contract in Manhattan at $4 million and above. We haven’t seen such a dearth of co-op sales since 2012, when there were 6 weeks of zero luxury co-op contracts.

The No. 1 contract was 61A at 252 East 57th Street, asking $12.950 million. This 4,624-square-foot unit has 5 bedrooms and 6.5 bathrooms, a 39-foot living room with a working fireplace, a balcony, and spectacular views of Central Park and the East River. The condo has 11.5-foot ceilings, and is in a new building designed by Skidmore, Owings & Merrill. Amenities include a concierge, garage, fitness center, a children’s playroom, a 75-foot swimming pool, a library, billiards and screening rooms, a ...

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