Downtown Condos Lead Manhattan’s Luxury Real Estate Deals, Again – Mansion Global

Downtown Condos Lead Manhattan’s Luxury Real Estate Deals, Again – Mansion Global

For the second week in a row, 14 high-end contracts were signed last week in Manhattan, according to Olshan Realty. That’s five fewer than the same week last year.

In the 31 weeks since mid-March, when Covid-19 began spreading in New York, downtown properties have been the priciest sales of the week 17 times. And most of these properties were bought by local buyers “betting on the home team,” according to Donna Olshan, president of Olshan Realty and author of the report released Monday.

The make-up of last week’s homes was nine condos, two townhouses and three co-ops.

More: A Storied New York Estate With 846 Feet of Water Frontage Hits the Market for $14.6 Million

And in keeping with the latest trend, the priciest home to find a buyer last week was downtown, a five-bedroom at 24 Leonard St. in Tribeca asking $19.995 million. The landscaped garden, at 4,300 square feet, is almost as big as the apartment itself. The outdoor space includes a small pool and an outdoor kitchen. The unit, according to Ms. Olshan, was bought by New Yorkers.

The seller, who bought the property in April 2019 for $9.718 million, made a substantial profit. Raymond Dilullio of the Eklund/Gomes Team at Douglas Elliman represented the seller and said the deal was all-cash and will close
Source…

Next Post

The permanent wealth - The Hindu

The permanent wealth - The Hindu

Subscribe US Now