Realtor.com
The Manhattan luxury real estate market showed resilience with 21 properties selling for a total of $144,474,000 in the third week of September.
The market saw an increase in sales compared to the previous week, with most properties being condos. The most expensive sale was a condo at 70 Vestry Street in Tribeca, followed by a townhome at 80 Horatio Street and a condo at 495 West End Avenue.
FULL STORY: New York City Luxury Home Sales Nearly Double in a Week, Reaching $144 Million
Key takeaways
- The Manhattan luxury market bounced back with 21 sales totaling $144,474,000 in the third week of September, showing an increase in activity from the previous week, with most properties being condos.
- The priciest sale was a condo at 70 Vestry Street in Tribeca with an asking price of $22.5 million. The property, featuring four bedrooms, luxurious amenities, and breathtaking views, was on the market for only 19 days.
- A townhome at 80 Horatio Street in the West Village sold for well over its $9 million list price, closing between $10 million to $12 million within nine days of listing, attributed to its prime location and spacious backyard.
- The third priciest sale was a prewar condo at 495 West End Avenue, selling for $8,995,000 after only 17 days on the market, offering five bedrooms and premium amenities in a prime location.
- Despite concerns about political changes and economic factors, the Manhattan luxury market remains stable, with international buyers and wealthy individuals continuing to invest in high-end properties, showcasing a strong preference for luxury condos over co-ops.
This summary has been generated with AI tools and edited by Realtor.com News & Insights editors. The full story, written and edited by Realtor.com News & Insights newsroom journalists, is linked at the top of the summary.