Top condo transactions for November had two of the fall seasons higher profile sales, both at the newly-opened 520 Park Avenue luxury tower. British billionaire James Dyson, founder of the Dyson vacuum company, picked up Penthouse 60 for almost $74 million, while Penthouse 52 sold for $62 million to an anonymous buyer. The top five condo sales in November were all located in Manhattan, showing that despite rising interest rates, Manhattan luxury condos are still a hot commodity.
While luxury condo prices remained strong in NYC, high-end single-family home prices continued to slide. November posted no sales in the eight-figure range, compared to one in October and four in September. The biggest sale price for November was $9.4 million for the 6,266 square-foot townhouse at 52 West 85th Street on the Upper West Side.