[NY Luxury Market Report: 08/31 – 09/06/2020]

Last week, eleven contracts were signed at $4 million and above.

The No. 1 contract was PH11A at 90 Morton Street, asking $33 million. This unit has 5,254 square feet, and includes 5 bedrooms, 5.5 bathrooms, and a 2,023 square feet terrace. The duplex condo originally went under contract in January 2019 before backing out of the deal once the pandemic hit. By August, the unit started to see an increase in activity.

The No. 2 contract was also 90 Morton Street, unit TH, asking $9.45 million. This unit has 3,537 square feet, and includes 4 bedrooms, 3.5 bathrooms, and 12-foot ceilings. The unit is a mezzanine floor with 2 entries—one that leads to the building and the other is a private entrance on Greenwich Street. There is also a terrace totaling 631 square feet which wraps around the bedrooms.

90 Morton is a former printing plant that was converted to a 12-story, 28-unit condo. The amenities include a concierge, a covered driveway, a fitness center, a 64-foot pool, resident’s lounge, children’s playroom, and a rooftop terrace with an outdoor kitchen.

The number of contracts signed last week pulled another consecutive week of going over the 10-mark. Despite all the noise and talk about how bad the city is, there still is a strong demand from buyers, local and bi-coastal, who have trust and faith in the city.