Manhattan's luxury housing market recorded a total of 26 contracts signed for $4 million or more, which was lower than expected for the busy spring season, with a decrease of four deals from the previous week. New units dominated sales, with half of the contracts signed in new buildings, indicating a positive trend in sales of new properties.
The priciest deal of the week was for a new condo at 432 Park Avenue listed at $12.4 million, lower than the original $18.25 million price. The unit offers luxurious features like 12.5-foot ceilings, a spacious living room overlooking the city, and three bedrooms along with four bathrooms and a powder room.
The second highest-priced contract was for a West Village townhouse initially listed at $12 million and sold for $10 million. Despite needing a complete renovation, the property comes with plans for expansion to around 5,451 square feet, demonstrating continued demand in Manhattan's luxury real estate market.
#manhattan-luxury-housing-market #contracts-signed #new-units-sales #432-park-avenue #west-village-townhouse
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