Manhattan’s luxury market defied the shortened holiday week with robust activity, according to the Olshan Report on Monday.
Buyers signed contracts for 26 homes priced at $4 million or more, a tie for the same week during 2015 and the largest total during Easter (and Passover) since Olshan Realty began keeping track in 2006, according to the brokerage.
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"An impressive total when you consider the recent spate of Nor’easters and the stomach-churning volatility of the stock market," wrote Donna Olshan, president of Olshan Realty and author of the weekly reports.
Activity totaled about $183 million, a 6% increase from the prior week.
Co-ops saw a particularly good week, especially given their ongoing slump at luxury price points.
The most expensive home to find a buyer last week was a 14th-floor unit at a swanky cooperative on Fifth Avenue in Carnegie Hill, asking $20 million. The apartment—which sits directly below Bette Midler’s penthouse—has five bedrooms and five bathrooms. A 48-foot great room has a fireplace and sweeping views over the Central Park reservoir.
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Disney’s chief executive, Bob Iger, recently sold a unit in the same building for $18.75 million, Mansion Global previously reported.
The No. 2 contract last week was for a unit at 212 Fifth Ave, asking $18.75 million. Park views were a big selling point last week. This unit has more than 4,000-square-foot, four bedrooms and a 57-foot-long great room overlooking Madison Square Park.