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REAL ESTATE • In Contract
After a summer’s worth of out-of-office bouncebacks, September feels like the month the city should rev back to life. And yet, historically, it’s the slowest time of the year for high-end real estate transactions. Blame it on Labor Day, the High Holidays, back-to-school chaos. Only 10 contracts above $4M got inked in Manhattan last week, per Olshan, including a 2536SF, 3BR at Lantern House in the High Line District, asking $8.75M, down roughly $2M from its original 2020 price.
Brooklyn is also easing into the new school year, with just 12 deals above $2M signed last week. The priciest of the lot was a $5M sale at Pierhouse — one of the big three new Brooklyn waterfront developments, along with the Olympia in Dumbo and Quay Tower by Pier 6. The 2BR unit, N1016, last traded for $4.4M in 2019. Also at Pierhouse this month: tales of a bizarre feud over “toilet noise” from a public bathroom on the building’s ground floor disturbing residents of a duplex upstairs. The bathroom exists as part of the public/private arrangement that finances the park and allowed the construction of Pierhouse and Quay Tower. New York: Still got it.