Luxury

54 contracts were signed for units priced at $4M or above, compared with 34 in January and 39 last year.

4 of those 54 contracts were signed in Brooklyn, including a penthouse in Olympia Dumbo asking $17.5M.

23 deals were for residences priced at $10M or more, and 7 exceeded $20M.

Notable Deals

1. 1122 Madison Avenue - #PH asking $89.5M
   7-bed asking $9,572 PSF

2. 1122 Madison Avenue - #18 asking $39.0M
   5-bed asking $7,427 PSF

3. 1122 Madison Avenue - #16 asking $36.5M
   5-bed asking $6,951 PSF

4. 125 Perry Street - #THE asking $35.0M
   4-bed asking $4,984 PSF

Manhattan

139 contracts were signed in February, compared to 99 in January and 113 last year. The median sale price was $3,150,000, and the median PPSF was $2,284.

Two projects launched sales this month: 67 Irving Place (11 units) and Rothko House (2).

Top Performer by Contract Volume

220 East 9th Street
220 East 9th Street, in East Village, reported 16 contracts for one- to four-bedroom homes priced from $1.195M to $9.95M. However, because all sixteen contracts were logged on a single day, it is likely that many were actually executed in prior weeks. Compass launched the 18-unit development at the end of January and has only two residences remaining.

Brooklyn

78 contracts were signed in February, compared to 81 in January and 94 last year. The median sale price was $1,407,500, and the median PPSF was $1,440.

Four new projects launched in February: 168 Hancock Street (5), 118 Madison Street (4), 810 Sterling Place (4), and 187 Pulaski Street (4).

Top Performer by Contract Volume

The Sixth
The Sixth, in Williamsburg, reported 11 contracts for one- to four-bedroom apartments priced from $1.175M to $6.75M. Corcoran Group launched the 43-unit development on January 4th and reports that 21 residences are under contract.