Last week’s snowstorm did not freeze Manhattan’s luxury property market.
In fact, 30 contracts were signed at $4 million and above last week, according to Olshan Realty’s latest snapshot of the $4 million-plus housing market in Manhattan.
While that number is down from 37 contracts the previous week, it is still considered respectable, especially given the city was virtually shut down on Tuesday thanks to Superstorm Stella.
“A wicked nor’easter shut down Manhattan for an entire day last week, but it couldn’t muzzle the momentum in the luxury real estate market,” Donna Olshan, president of Olshan Realty, said.
The top contract signed last week was for an apartment at 207 West 79th St. on the Upper West Side, asking $12.5 million, which sold off of of a floor plan.
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The full-floor apartment is in a new 19-unit condo under construction, where amenities will include a doorman, a gym and a playroom.
This apartment’s 4,205 square feet of living space include five bedrooms, five-and-a-half bathrooms, and a library.
In second place was a co-op at 875 Fifth Ave., just off Central Park on the Upper East Side, asking $11.05 million, and reduced from $13.25 million when it went on the market in July 2014.
The two-bedroom has impressive views of the park from a 44-foot terrace that spans the living room, dining room, and library space.
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