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LUXURY MARKET REPORT
February 15-21, 2021
Thirty-six contracts were signed last week at $4 million and above, only 2 fewer than the previous week, which I noted was “a spectacular number by any standard.”

Stat Geek Alert: In the last 3 weeks, 104 contracts have been inked at $4 million and above, totaling $851,247,999. It was the strongest 3-week performance since the last week in April and the first 2 weeks in May 2015, when 104 contracts were signed, totaling $780,579,744.

The No. 1 contract was the 5th floor at 1045 Madison Avenue, asking $13,450,000. The condo has 4,196 square feet including 6 bedrooms and 5.5 bathrooms, plus a 366-foot terrace off the back bedrooms. The apartment is in The Benson, a 15-unit, 18-story building designed by architect Peter Pennoyer, and developed by Naftali Group. It has defied pandemic gravity with 3 price increases since it started marketing off of floorplans in September. ...

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