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Olshan Realty In the Press
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LUXURY MARKET REPORT
October 19-25, 2020
Sixteen contracts were signed last week at $4 million and above, two more than the previous week and the week before that.

The No. 1 contract was a townhouse at 14 East 11th Street, asking $28.5 million; it was listed at the end of July. The 21-foot-wide, 5-story house has 7,411 square feet including 5 bedrooms, 6 bathrooms, 2 powder rooms, and an elevator. It has over 1,400-square feet of outdoor space including 3 terraces and a garden. The seller purchased the house for $21 million in 2017 after it had undergone a multi-year renovation--and then after they purchased the house, they renovated it all over again.

The listing broker was Jeremy Stein of Sotheby’s International Realty, who said he could not disclose the buyer’s broker or anything about the buyer. He said the house sold in a bidding war between three buyers. “The deal came ...

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