Many listings in our area are selling in a month or less—some are selling in a mere 15 days. In today’s first-ever monthly market update, I want to highlight three of these properties to give you a sense of what buyers are scooping up in today’s Manhattan market:
1. 71 Barrow Street, Apartment 2. This sponsored co-op in the heart of the West Village was only on the market for 13 days, which means they accepted an offer in the first week! The asking price was $825,000, with a maintenance fee of $916. With its excellent condition, a property like this will usually sell quickly.
2. 340 Riverside Drive. This unit was only on the market for seven days before they had a signed contract, meaning they probably got an offer within the first 24 hours after it was listed at $1,995,000. With it being a co-op, they didn’t disclose the approximate square footage. It was a beautiful, classic, five-room home located at 106th Street and Riverside Drive. It wasn’t always in excellent condition, but they thought that the value was there for a two-bedroom home; the property had a 10% flip tax that the seller paid and, even with those conditions, it sold just like that.
"Penthouse 53 was listed by a great broker with the Hudson Advisory Team, and after only seven days on the market, they sold the penthouse for $27 million!"
3. 56 Leonard Street, Penthouse 53. Penthouse 53 was listed by a great broker with the Hudson Advisory Team, and after only seven days on the market, they sold the penthouse for $27 million! Though there’s a ton of luxury inventory on the market, this property was 6,400 square feet with panoramic views of New York City from Lower Manhattan in an iconic building. That is $4,219 per square foot!
As you already know, I do all types of videos about how to sell a home in New York City and anywhere else in the county. From now on, we’ll be coming to you monthly with a market update of properties that we’re selling under these market conditions in two weeks or less.
If you have any questions, please don’t hesitate to reach out. I’ll be sure to respond to you as quickly as possible.