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LUXURY MARKET REPORT
May 9-15, 2022
Thirty-nine contracts were signed last week at $4 million and above in Manhattan, 4 fewer than the previous week, which happened to register the highest total of the year. Condos outsold co-ops, 24-9, and 6 townhouses were in the mix.

Stat Geek Alert: Most of the action occurred on the lower end of the luxury market, as 20 deals were inked under $5 million. The median asking price of $4,995,000 was the lowest since December 14-20, 2020.

The No. 1 contract was PHA at 100 Eleventh Avenue, asking $22.5 million, reduced from $25 million when it was listed in October. The seller paid $19,397,663 in March 2010. The penthouse has 4,675 square feet with 14-foot ceilings showcasing spectacular views of the Hudson River. It has 3 bedrooms, 3.5 bathrooms, and a roof terrace with an outdoor kitchen spanning over 3,700 square feet. This curve-shaped building, designed ...

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