Christopher Stevens

Murray Street owned Manhattan's luxury week. 👇

Olshan's latest report: 34 contracts signed at $4 million and above for the week of Oct 26–Nov 1 — $305 million in asking volume, median ask $6.6 million.

The top two deals were both in Tribeca, both on Murray Street.

The week's priciest: the final penthouse at 111 Murray Street, closing at $31 million — last asking just under $34 million, after originally being marketed at $45 million more than a decade ago. Five bedrooms, six baths, roughly 7,700 square feet, 14-foot ceilings.

Second: a triplex penthouse at 71 Murray Street, asking $18.5 million — 6,700 square feet, four bedrooms, a rooftop terrace with an outdoor kitchen, and yes, a rock climbing wall.

The mix: 17 condos, 12 co-ops, 5 townhouses. And the tell hasn't changed: the typical home spent more than a year on the market and sold at a 13% discount from its original ask.

My read: even at the very top, buyers aren't paying the first number. They're paying the right number — and when the price meets the property, Tribeca moves fast.

Positioning beats waiting.

#ManhattanRealEstate #LuxuryRealEstate #Tribeca #NYRealEstate #TriStateRealEstate #MarketUpdate #KWRealEstate

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