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Only closed deals in the building
REAL ESTATE • Summer Sales
The common wisdom that real estate buyers take summers off might not have held true during peak pandemic, but the old ways look like they’re reasserting themselves. To wit: Luxury sales vacationed in late August, with only 11 contracts signed above $4M during the last full week of the month — the single slowest period since last September, per Olshan. High-end new developments also took a powder: 32 units traded in August, down from a 12-month high of May’s 66 (via MarketProof).
So: What moved? Several apartments in FOUND Developments, One High Line and 50 West 66th Street. Together, the two buildings accounted for eight contracts and over $100M in sales: not too shabby. One High Line is now close to 25% sold in its first year on market.
Further uptown on the Upper West Side, a deal was inked for unit 1101 at The Belnord on West 86th Street, the 213-unit building constructed in 1908 that serves as backdrop to Hulu hit Only Murders in the Building. Robert A.M. Stern redesigned the building’s interiors in 2018. The 3188 square-foot, floor-through condo was asking $8.35 million and features plenty of proper-noun fixtures and views onto the courtyard.
→ The Belnord, 225 W. 86th St., 1103 (Upper West Side) • 4BR/4BA condo, 3138 SF • In contract: 8/22/23 • Closing ask: $8.35M • Common charges: $3055, monthly taxes: $5038 • Listing broker: Maya Kadouri, Elliman.