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Manhattan’s Luxury Real Estate Market Remains Robust

Upper East Side homes topped the week, according to Olshan Realty

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Manhattan Skyline

Harri Jarvelainen/Getty Images
Manhattan Skyline
Harri Jarvelainen/Getty Images

Last week in Manhattan’s prime real estate market, 26 contracts were signed on big-ticket properties, marking the seventh consecutive week with more than 20 luxury transactions, according to Monday’s report from Olshan Realty.

Those 26 deals made for a total of $184.28 million in sales, the weekly report said, an increase of a little more than 7% from the prior week.

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A six-story townhouse on East 65th Street on the Upper East Side was the most expensive transaction in the borough. It was asking $14 million, significantly reduced from the $22.5 million it was listed for when it went on the market in February 2016, the report said. The house spans 10,253 square feet and has been divided into five units.

The second priciest sale of the week was an apartment at the new Upper East Side development Carlton House. The four-bedroom apartment was asking $11.5 million. It has 3,751 square feet of interior space and comes with access to amenities like a concierge, a fitness center with a pool and storage facilities.

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The 16-story building was first built as a hotel in 1950 and was converted into a 69-unit condop, a co-op that leases the land and has condo rules, the report said.

Of the 26 contracts signed, 18 were condos, three were co-ops, four were townhouses and one was a condop.

The average sale price last week was $7.08 million.