Broadway is back and so is New York’s residential real estate market. The sector is on pace for a record 2021 with the number of signed contracts doubling year-over-year and volume on track to surpass 2014’s benchmark high numbers, per the Olshan Luxury Market Report. Several factors are fueling the velocity of trades., founder and CEO of Serhant.
Singular trophy residences dot Gotham. Major properties on offer range from the Irish Historical Society’s Townhouse at 991 Fifth Ave. , to a duplex in the 50 West tower in lower Manhattan for $65 million. “Everything ramped up after Labor Day,” says real estate salesperson Terrence Harding of Compass Union Square. “There’s more activity now as people want to settle in and are trickling back in.” He notes that the “great Hampton run” seems to be ending.
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