Activity is picking up in the Manhattan luxury market

Posted by:

Activity is picking up in the Manhattan luxury market

Manhattan’s luxury market recorded 29 contracts at $4 million and above in the third week of February– that was the fourth week in a row contract activity topped 20 deals, The Real Deal reports.

The No. 1 spot went to a 12-room co-op apartment across from the Metropolitan Museum of Art at 993 Fifth Avenue with an asking price of $17 million. That’s a nearly 32 percent reduction off the original ask of $24.9 million when the unit was first listed in May.

The full 7th floor home has six bedrooms, 5.5 baths and a master suite facing the museum.