Manhattan Luxury Market Update: $4M+ Contracts Signed
Last week, 20 contracts were signed. Top 3 were downtown penthouses (New Developments), as condos outsold co-ops 13-4, with 1 condop and 2 townhouses also in the mix.
- This marks the 2nd strongest start to the year
- The No. 1 year? 2022, with 22 contracts
- The 10-year January Week 1 average: 14
🏆 Top 3 Contracts:
1️⃣ PHA at 67 Vestry Street | Asking $48M
2️⃣ PH10 at 140 Jane Street | Asking $41M
3️⃣ PHA at 67 Franklin Street | Asking $12M
Manhattan’s trophy market had a banner year in 2024, with 278 deals at $10M+, up 38 from last year! This marks the 2nd best year since 2021’s pandemic rebound. 🌟
With huge stock market gains and a record $46.7 trillion net worth for the top 1% by Q2 2024 (up from $30 trillion in 2020), the luxury market is booming. 💰
The rich are getting richer, and luxury real estate remains a top investment. 🏙️✨ Are you ready to make your move?
🎉 Another Contract Signed! 🎉
I’m excited to share that one of my Compass Private Exclusives is officially in contract! By leveraging the power of a private exclusive, we achieved a phenomenal result for my seller.
Here’s why this strategy worked to the seller’s benefit:
✅ Aspirational Pricing: By setting an ambitious yet strategic price, we attracted the right buyer and maximized value.
✅ No Accrual of Days on Market: Because the property wasn’t publicly listed, we avoided the potential stigma of prolonged market exposure, keeping the home’s value perception intact.
✅ Privacy: We maintained discretion while targeting serious, qualified buyers.
✅ Exclusivity: The property was marketed to a select network, creating buzz and urgency.
✅ Strategic Exposure: We showcased the home to the right audience, leading to swift, meaningful interest.
Private Exclusives are an extraordinary tool, giving sellers the flexibility and control they need to succeed.
If you’re thinking about selling your home and want to explore how a Private Exclusive could benefit you, let’s connect. Together, we can craft a strategy tailored to your goals.
Experience luxury at The Henry on the Upper West Side. Duplex Residence 5A boasts 5 beds, 5.5 baths, and a breathtaking 37-foot double-height living room. Enjoy arched windows, a wood-burning fireplace, and a chef's kitchen. Ideal for entertainers! 🍽️🔥
Mets shortstop Francisco Lindor just signed the priciest contract in Manhattan at PH5, 200 East 75th St, asking $22.95M. This luxurious 5,300 sq ft penthouse offers 6 bedrooms, 6.5 baths, and 3 terraces totaling 1,000 sq ft.
You can be his neighbor! View available units at 200 East 75th Street here: https://t.co/3Prnk3b1Ih
Prime real estate demand is still strong. Interested in buying or selling? Let's discuss your options! #ManhattanRealEstate #LuxuryLiving #NYCRealEstate
NEW DEVELOPMENT - Upper West Side
Introducing The Henry—an architectural masterpiece by the esteemed Naftali Group and Robert A.M. Stern Architects. Nestled in the heart of the Upper West Side, this boutique condo offers just 45 residences with timeless Indiana limestone and brick design, bay windows, and terrace setbacks. Steps from Central Park and Riverside Park, The Henry redefines luxury living.
Amenities include:
•Rooftop terrace with an outdoor kitchen, firepit & bocce court
•Manhattan’s first indoor pickleball court
•Half-court basketball & private bowling lanes
•State-of-the-art fitness center, spa, and yoga room
•Elegant lounges, a library, and catering-ready entertaining spaces
Complete with a 24/7 attended lobby and a porte-cochère with automated parking, The Henry is where tradition meets innovation. DM me to explore your new home! 🏙️ #UpperWestSide #LuxuryLiving #NYCRealEstate
View Listings:
https://t.co/heTUx5jSix
NEW DEVELOPMENT- Greenwich Village
Introducing Colette Greenwich Village – developed by Magnum Real Estate Group and designed by Paris Forino.
With just 20 luxury residences, including three full-floor penthouses, Colette offers one-to-four-bedroom layouts in a full-service building with amenities including a fitness center, spa, lounge, and more.
Private presentations for buyers start next week. Let me know if you’d like to schedule a time to view.
#nyc #manhatan #RealEstate #compass
Excited to announce that Christie’s International Real Estate and @properties are now part of Compass!
Christie’s brings a world-renowned luxury network spanning 50+ countries, and @properties, the 8th largest U.S. brokerage, adds incredible scale and innovation. Together with Compass’s cutting-edge technology, this partnership is set to redefine the real estate experience.
I’m thrilled about the opportunities this creates to better serve my clients locally and globally. Exciting times ahead!
#LuxuryRealEstate #Compass #ChristiesInternationalRealEstate #Innovation #GlobalNetwork
3 Charts Every Buyer and Seller in Manhattan Must See.
- Leverage for buyers has weakened
- Signed Contracts are increasing
- Buyers are getting less discounts
If you’d like real-time data on your specific needs or property, I’d be happy to provide.
#nyc#RealEstate#housing
BREAKING: 1987 College graduate Jon Huntsman Jr. told Penn President Liz Magill on Saturday that his family will stop donating to Penn, stripping the University of a longtime donor amid backlash from influential trustees and alumni.
https://t.co/MMnNvTStZE