LUXURY MARKET REPORT
February 17-23, 2020
Eighteen contracts were signed last week at $4 million and above, a decent performance for a national holiday week (Presidents Day). Here’s another piece of good news: Included in the total was the highest sale for 2020, which of course ended up to be……

…..The No. 1 deal of the week—PHAB at 45 East 22nd Street, asking $52 million, reduced from $77 million when it was listed off of floorplans in 2014. The Wall Street Journal reported that the sponsor, Ian Bruce Eichner, said the price was “approximately $45 million,” and the property was sold to Asian buyers. PHAB comprises 2 penthouse apartments that total 13,060 square feet including 6 bedrooms and 6.5 bathrooms. One unit is finished and the other is being delivered raw. The deal included 2 studio/staff apartments on a lower floor, storage, and 2 parking spots. The condo has spectacular 360-degree views of the city ...

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