The Upper East Side is Back

The Met - Upper East Side - Manhattan, New York, NY

If pricey condo sales are any indication, the Upper East Side is back.

As reported in The Real Deal, the affluent uptown neighborhood dominated Manhattan’s luxury market last week, according to Olshan Realty’s report tracking contract signings for homes asking $4 million and up.

The most expensive contract of the week spanned two condos at Naftali Group’s The Bellemont at 1165 Madison Avenue. Both units are full-floor duplexes, which the buyer plans to combine to create a more than 13,000-square-foot, four-level apartment with 2,350 square feet of outdoor space across eight different terraces. The units were last asking a combined $66.5 million.

A total of 46 luxury contracts were signed last week in Manhattan, the fifth straight week that more than 40 deals were inked in the borough for homes asking at least $4 million.

Neighborhood NewsJackson Bloomston