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Sales of Luxury Residential Properties in Manhattan Seen Hitting Record Highs This Year

Number of Deals Signed Doubles From 2019 Level, Study Finds
1228 Madison Ave. is a new luxury condo building overlooking Central Park on the Upper East Side and designed by Robert A.M. Stern Architects. (CoStar)
1228 Madison Ave. is a new luxury condo building overlooking Central Park on the Upper East Side and designed by Robert A.M. Stern Architects. (CoStar)
CoStar News
December 22, 2021 | 8:19 P.M.

In another sign luxury demand is leading growth in New York’s surging residential market, sales of condos and other residential properties for at least $4 million in Manhattan reached record highs as the number of deals doubled from 2019, according to a brokerage firm report.

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