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LUXURY MARKET REPORT
November 23-29, 2020
Fourteen contracts were signed last week at $4 million and above, an anticipated decline from the previous week, when 25 contracts were signed, due to the Thanksgiving holiday.

Stat Geek Alert: Last week’s total of 14 signed contracts is more respectable than you might think: The 10-year, Thanksgiving-week average is 12 signed contracts.

The No. 1 contract was the Mezzanine a.k.a. Unit 101 at 781 Fifth Avenue, asking $22 million, reduced from $32 million when it went on the market in August 2017. This full-floor co-op has approximately 9,000 square feet and is on the 2nd floor of the Sherry Netherland, which operates as both a hotel and a co-op and offers hotel services to its residents. The unit has 5 bedrooms and 6.5 bathrooms with a 91-foot expanse overlooking Fifth Avenue from the living room, library, and master bedroom. Monthly maintenance is $29,037 and ...

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