[NY Luxury Market Report: 04/12 – 04/18/2021]

Whoever wrote off New York City due to the pandemic had been dead wrong so far as forty-seven contracts were signed last week, extending a record-breaking luxury market streak of 30 or more deals to now 11 weeks in a row.

The No. 1 contract was 16A/16B at 378 West End Avenue, asking $25.95 million. The entire floor is 6,901 square feet in size and includes 5 bedrooms, 5 bathrooms, and 2 powder rooms. Terraces and balconies are surrounding the unit, which totals 2,349 square feet. This building is a new condo and is being designed by CookFox and developed by Alchemy Properties.

There are over 11,000 square feet of amenities in this 57-unit building, including a doorman, fitness center, 75-foot saline lap pool, squash court, half-court basketball court, children’s playroom, music room, pet-grooming facility, storage, and garage.

The No. 2 contract was 36B at 220 Central Park South, asking $24.9 million. This apartment has 3,043 square feet and includes 3 bedrooms and 3.5 bathrooms. A 35-foot living room, master bedroom, and kitchen face Central Park.

Designed by Robert A.M. Stern, this condo has over 30,000 square feet of amenities, including a doorman, concierge, motor court, private dining room, fitness center, 82-foot saline pool, squash court, basketball court, golf simulator, children’s playroom, and a communal terrace.

The streak of 30 or more deals in the luxury market carries on as buyers sharpen their focus on the opportunity to grab price discounted apartments in the city. With the market keeping its course for a gradual ascent, and this summer on track to becoming this year’s craziest season in real estate, the market in New York City is far off from being dead because people do want to live in the city and love the vibrancy the city offers.