The full 46th floor, 4,500 SF 3 BR 3.5 Bath residence at 111 West 57th Street went to contract last week after the original 2016 list price of $28.5 million was increased to $30 million. On the Upper East Side during the same time period a 5,452 SF 5 BR 7.5 Bath penthouse with 3 terraces at Beckford Tower, 301 East 80th Street, went to contract after the original 2019 list price of $25 million was increased to $27.495 million. [Mansion Global]
In Manhattan during the first quarter of 2022 the residential real estate market thrived. Apartment sales increased 36% and the average sales price increased 17% year over year.
In Manhattan there were 221 sales of townhouses recorded in 2021, a 69% increase from 2020. The median sales price was $8.55 million, an 8% increase from the previous year. The market share of townhouse sales over $10 million increased by 5% from 2020 and reached 28%, the most on record. [Mansion Global]