![[NY Luxury Market Report: 10/26 – 11/1/2020]](https://media-production.lp-cdn.com/cdn-cgi/image/format=auto,quality=85/https://media-production.lp-cdn.com/media/elhtmoc3awssjcbndcxe)
Last week, seventeen contracts were signed at $4 million and above.
The No. 1 contract was at 332 West 11th Street, asking $45 million. This 50-foot building is 5-stories with approximately 30,000 square feet, big windows, high ceilings, and beautiful views of the Village. It was cycled through 2 different brokerage firms with marketing materials that show the potential for a single-family house with a 5,000 square feet roof terrace and a 5-car garage. It was the highest contract signed during the pandemic period.
The No. 2 contract was the Penthouse at 166 Perry Street, asking $20 million. This duplex condo apartment has 6,845 square feet and includes 5 bedrooms and 5.5 bathrooms. There are two terraces that flank the ground-floor entertaining space with views of the river which, one of them, has a swimming pool.
Another strong week as the number of contracts being signed on a weekly basis has been steadily increasing. Buyers and investors are wisely taking advantage of the market, looking to find deals and opportunities. As we see more signs of life and activity in the New York market, both international and local buyers are picking up the energy to find the best opportunities in the city.
