[NY Luxury Market Report: 04/19 – 04/25/2021]

An upward trajectory in this current hot market! With fifty-six contracts signed last week at $4 million and above, the extraordinary streak of 30 or more deals continues to 12 weeks in a row.

The No.1 contract was PH82 at 30 Park Place, asking $25 million. With beautiful panoramic views of the city and Hudson River, this apartment has 4,538 square feet and includes 3 bedrooms, 4.5 bathrooms, a large eat-in kitchen, and 4 terraces that total 732 square feet.

Designed by Robert A.M. Stern, 30 Park Place is an 80-story building and has a Four Seasons Hotel on the bottom, and above it are 22 floors with 157 condos. The amenities include a fitness center, a 75-foot swimming pool, a children’s playroom, and a private dining room. This condo is one of the last sponsor units.

The No. 2 contract was 19E at 211 Central Park West, asking $19.5 million. This duplex co-op has 3 bedrooms, 4 bathrooms, a formal dining room, and 2 staff rooms. The master bedroom and 2nd bedroom upstairs, as well as a 42-foot terrace off the living room and library, overlook Central Park. The amenities include a doorman, elevator operators, a fitness center, and storage.

In the legendary co-op building known as The Beresford, this unit is being sold by the estate of the late Broadway actress, Phyllis Newman, who was married to Adolph Green, a playwright and lyricist who died in 2002.

The effect of price discounts, as well as vaccine distribution, in Manhattan’s luxury market, have motivated many prospective buyers to join the frenzy. With increasing demands and activities for bigger and better layout apartments, and the rare opportunity to snatch a great deal, the streak of 30 or more deals can be seen to continue for as long as the competition in the market remains active and hot.