[NY Luxury Market Report: 06/21– 06/27/2021]

There were 35 contracts signed last week at $4 million and above in Manhattan, which was 6 fewer than the previous week.

The No. 1 contract was PHB at 67 Vestry Street, asking $22.5 million. This condo has 3,513 square feet and includes 4 bedrooms and 4.5 bathrooms. There is a terrace that wraps around the apartment and totals 2,337 square feet. The penthouse unit offers a 75-foot expanse overlooking the Hudson River including a 38-foot great room with a fireplace. This penthouse was one of the most expensive condos to sell in Tribeca this year.

Under construction, 67 Vestry Street is a 13-unit building designed by Gachot Studios with the following amenities: a 24-hour doorman, fitness center, lap pool, steam and sauna rooms, a game room, and storage. Parking is also available for purchase.

The No. 2 contract was PH65 at 130 William Street, asking $20 million. This condo has 4,665 square feet and includes 4 bedrooms and 4.5 bathrooms, with ceiling height up to 12 feet and terraces and loggias that total 2,312 square feet.

The amenities in this building include a concierge, health club with an infinity-edge pool, hot and cold plunge pools, yoga room, golf simulator, indoor and outdoor lounges with catering kitchens, children’s playroom, and a roof deck.

The streak of 30 or more deals is now up to 21 straight weeks in Manhattan residential properties at $4 million and above. While the impressive streak continues, the market has indeed started to tighten in terms of negotiability and days on market. Since the end of April, the average discount from the original asking price to the last asking price fell to 8% compared to the year-to-date discount average of 11%. For days on market, 503 days compared year-to-date 601 days.