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Olshan Realty In the Press
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LUXURY MARKET REPORT
January 4-10, 2021
Twenty-seven contracts were signed last week at $4 million and above, a silver lining that started lighting up the Manhattan luxury landscape in early November. What’s even more remarkable is that so many deals have occurred in the midst of a raging global pandemic.

Stat Geek Alert I: Last week registered the largest total of signed contracts at $4 million and above since the first week of March 2020, when 27 contracts were also signed.

Stat Geek Alert II: Over half of the contracts were sponsor sales, as developers rode the wave of discounted prices, low interest rates, and a soaring stock market.

The No. 1 contract was PH18 at 109 East 79th Street, asking $32.5 million. It has 6,448 square feet including 5 bedrooms, 5.5 bathrooms, and 3 terraces off the library, living room, and dining room that total 510 square ...

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