LUXURY MARKET REPORT
May 15-21, 2017
Thirty-two contracts were signed last week at $4 million and above. A couple of stats: 21 of the 32 contracts were Downtown, while condos outsold co-ops, 21 to 8, with 2 townhouses in the mix.

The No.1 contract was PHA at 155 West 11th Street asking $12.935 million. The condo has 2,295 square feet including 2 bedrooms, 2.5 bathrooms, and 2 terraces totaling 1,777 square feet with north, south, and east city views. The unit is in the Greenwich Lane, and was sold in 2014 off of floorplans; it came back on the market last month after the buyer switched to another sponsor unit in the building. The Greenwich Lane is a complex that consists of 5 buildings, comprising 194 condos and 5 townhouses built on the former St. Vincent’s Hospital site. Amenities include a concierge, doorman, fitness center, a 75-foot pool, children’s room, and a garage.

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