LUXURY MARKET REPORT
January 8-14, 2018
Only 12 contracts were signed last week at $4 million and above, a plunge from the same week last year, when 24 contracts were signed. On the bright side: The top 2 deals had asking prices north of $20 million.

The No. 1 contract was a townhouse at 1083 Fifth Avenue, asking $29.5 million. It was sold by the National Academy Museum, which originally listed the property with 2 adjacent properties--a townhouse at 3 East 89th Street and a school at 5-7 East 89th Street. All 3 properties were listed together for a total of $120 million in April 2016. Less than a year later, the National Academy Museum ended up selling 1083 Fifth Avenue separately. The 6-story house is 27 feet wide, and has 14,748 square feet including 6 bedrooms, 10.5 bathrooms, and an elevator. It has views of the reservoir and elaborate architectural period details. ...

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