Manhattan’s luxury housing market wrapped up a star-studded week with 21 luxury homes finding buyers, including two with celebrity sellers, according to the Olshan Report on Monday.
While it was a decent week despite a slow market for luxury homes—those priced over $4 million—which continues to bleed from summer into fall. The week ending Sunday was only the third to log 20 transactions or more since May, a sign of lackluster activity, according to the weekly report.
In total, $198.5 million in luxury homes went into contract, a better week than at any point during the summer.
The most expensive home to find a buyer last week belongs to Sting: a duplex condo at the uber posh 15 Central Park West that went into contract for $56 million.
The rock star appears to be turning a pretty profit on the home, which he bought for just shy of $27 million in 2008. The home has around 5,400 square feet and a large terrace overlooking Central Park. The building boasts amenities like a residents-only restaurant and a 75-foot indoor swimming pool.
Meanwhile, movie producer Bob Weinstein found a buyer for his townhouse, asking $17.9 million and making it the second-most expensive contract signed last week. The seller is the brother and business partner of famous Hollywood producer Harvey Weinstein, whose career and reputation have gone into free fall amid sexual-assault allegations.
Since buying the home in 2009 for $15 million, the producer has renovated and restored the Upper West Side brownstone, including details that date back to 1910, according to the Olshan report. The property also has a half basketball court, five gas fireplaces and an elevator.
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