Manhattan’s Luxury Housing ‘Hot Streak’ Persists Into the Fall

A $66.5 million two-unit combo penthouse on the Upper East Side was the most expensive of 46 luxury home deals made in Manhattan last week, according to Olshan Realty’s weekly market roundup on Monday.
It marked a continuation of the borough’s “rip-roaring hot streak,” with five straight weeks where contracts were signed on 40 or more luxury homes, wrote Donna Olshan, author of the report and president of Olshan Realty, which defines a luxury property as one priced at $4 million or more. 
As has been the case throughout much of summer and fall, condos were the residence of choice among wealthy Manhattan buyers in the week ending Sunday, accounting for just shy of 83% of the contracts signed. 
All in all, those 46 high-priced deals were worth $414.4 million. 
The pair of Upper East Side penthouses that were asking $66.5 million, are at 1165 Madison Ave., otherwise known as the Bellemont, a new Robert A.M Stern-designed 12-unit development. The condo units will be combined to create a four-story apartment spanning 13,011 square feet and with eight terraces. 
Two units tied for the second-most expensive contract signed last week—a Tribeca loft and an Upper East Side penthouse, both asking $27 million.

Article Source: Mansion Global