LUXURY MARKET REPORT
September 15-21, 2014

Report on Contracts Signed
NYC Residential Properties
$4 Million and Above

36 Contracts Signed

The 28 properties that went to contract last week at $4 million and above was a September record. But hold on, that’s not the whole story. Another 8 contracts should actually be added to the total because 10 Madison Square West was late in reporting several sales. (By the way, only four out of 124 units in the condo remain unsold.)

Coincidentally, the top 3 contracts were at 10 Madison Square West. Units 18A, 18B, and 21B, ranging from $15.5 million to $18.5 million, were all sold off of floorplans These are 4- and 5-bedroom units, averaging $5,046/square feet, with terraces and views of Madison Square Park.

10 Madison Square West is the former Toy Building that was bought out of foreclosure by the Witkoff Group in 2011. Interiors, designed by Alan Wanzenberg, feature high-end finishes, a luxury appliance package, and ceiling heights over 10 feet. Amenities include doormen, concierge, and a 10,000-square-foot fitness center with a lap pool, yoga studio, and children’s playroom.

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
September 15-21, 2014

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