The New York City luxury real estate market is showcasing a strong preference for condominiums with views of Central Park, as seen in the 34 contracts signed at $4 million and above in the week ending June 8, 2023. Downtown Manhattan continues to lead in sales, with 306 contracts to the Upper East Side's 192. While overall performance is better than in recent years, it's still below the record highs of 2021. Notable properties include a $26 million condo at 157 West 57th Street and another full-floor unit at 520 Park Avenue priced at $25.95 million, both offering impressive views of Central Park.
The luxury market is performing better this year than 2024 and 2023. It's not as strong as 2022, and nothing was like 2021, which was the [COVID-19] pandemic rebound and off the charts.
The No. 1 contract was 157 West 57th Street, Apt. 66B, with an asking price of $26 million. It is notable for its stunning views of Central Park.
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