[NY Luxury Market Report: 05/10– 05/16/2021]

There were 37 contracts signed last week at $4 million and above, extending the streak of 30 or more deals to 15 weeks in a row!

The No. 1 contract was 8/9A at 740 Park Avenue, asking $25.75 million. This luxury duplex co-op has 5 bedrooms, 6.5 bathrooms, and 4 fireplaces. The living room, library, and master suite face Park Avenue.

This apartment is owned by Steven Mnuchin, the former Treasury Secretary in the Trump Administration. 740 Park Avenue has had plenty of high-profile residents as it was the childhood home of Jacqueline Kennedy Onassis and home to the late billionaire philanthropist, David Koch. The current residents include Vera Wang and hedge funders Howard Marks, Israel Englander, and Stephen Schwarzman.

The No. 2 contract was Unit 4 at 24 Leonard Street, asking $15.8 million. This condo has 4,929 square feet and includes 5 bedrooms, 4.5 bathrooms, an office, a playroom, and a parking spot. There are landscaped terraces off the living room and master bedroom.

The amenities in this 7-unit boutique condo include a 24-hour doorman, gym, and a garage.

Although the 5 straight weeks of 40 or more contracts signed at $4 million and above came to end, the streak of 30 or more deals continues. The real estate scene in New York City is shining, with an uptick in sales as New Yorkers are upgrading to bigger apartments, others returning to the city, young professionals looking to buy for the first time, as well as overseas buyers who cannot resist the vibrancy of this city.