{"id":37078,"date":"2020-02-06T14:52:36","date_gmt":"2020-02-06T12:52:36","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=37078"},"modified":"2025-05-22T11:24:23","modified_gmt":"2025-05-22T08:24:23","slug":"the-new-york-city-ultra-luxury-residential-report","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/02\/06\/the-new-york-city-ultra-luxury-residential-report\/","title":{"rendered":"The New York City Ultra-Luxury Residential Report"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>June sales activity surged 185%\nmonth-over-month, inking 262 deals above $5 million.<\/strong><\/li><li><strong>H2 2019 recorded lower transactional activity\nthan the single month of June, as the new mansion tax took hold.<\/strong><\/li><li><strong>TriBeCa was the #1 neighborhood for\nultra-luxury sales, claiming 14% of all NYC deals.<\/strong><\/li><li><strong>Central Park South was the most expensive neighborhood\nfor ultra-luxury deals with a $23.7M median.<\/strong><\/li><\/ul>\n\n\n\n<p>New York City\u2019s luxury residential market was defined by legislative\nchanges in 2019. In particular, the new progressive mansion tax and the new\ntransfer tax on million-dollar home sales that went into effect on July 1 had a\nprofound impact on the local residential market overall \u2013 and especially on the\nhighest-priced segments of the market. <\/p>\n\n\n\n<p>Moreover, the effect of the July legislative changes was further\ncompounded by the ongoing contraction of this market segment, which has trended\ntoward negative growth in transactional activity in the past 3 years. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Mansion Tax Heats Up Q2 Luxury Sales & Slows Q3 Sales\nActivity<\/strong><\/h3>\n\n\n\n<p>Considering NYC real estate prices, the effect of the mansion tax was immediate. In fact, Q3 2019 was the first time that <a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2019\/10\/16\/at-almost-5-million-hudson-yards-overtakes-tribeca-as-the-priciest-neighborhood-in-nyc\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Manhattan\u2019s median sale price fell below $1 million<\/a> since the last quarter of 2016. By comparison, Q2 2019 posted an all-time high median sale price of $1,340,361 \u2013 which was majorly influenced by a forceful push by both buyers and sellers to fast-track deals in the second quarter in advance of the regulatory changes. <\/p>\n\n\n\n<p>As such, when looking at NYC\u2019s ultra-luxury residential\nsegment (homes priced $5 million and above), <strong>June was an explosive month for\nsales, with 262 deals signed, representing 31% of city-wide sales activity for\nthe entire year<\/strong>. July stood at the other end of spectrum, with only 35 ultra-luxury\ndeals inked, representing a mere 4% of 2019\u2019s total sales activity in this\nmarket segment. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"850\" height=\"571\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/2019-NYC-Ultra-Luxury-Sales-activity-by-month.png\" alt=\"\" class=\"wp-image-37080\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/2019-NYC-Ultra-Luxury-Sales-activity-by-month.png 850w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/2019-NYC-Ultra-Luxury-Sales-activity-by-month.png?resize=300,202 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/2019-NYC-Ultra-Luxury-Sales-activity-by-month.png?resize=768,516 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/figure>\n\n\n\n<p>Likewise, monthly sales data from the city\u2019s ultra-luxury\nresidential segment (homes sales priced at $5 million and above) in 2019 shows\na very clear uptick in activity in the months leading up to July 1, when the\nnew progressive mansion tax was scheduled to take effect. Specifically, April\nsaw 73 deals signed city-wide \u2013 24% more than March \u2013 while May sales activity\nwas 26% higher than April. <\/p>\n\n\n\n<p>Then, June sales activity surged off the charts with 262\ndeals closed above the $5 million mark.\nThat represented an astonishing 185% month-over-month surge in transactional\nactivity as buyers rushed in to avoid the new sales tax and anxious sellers\nlooked to divest properties in what has become a buyer\u2019s market, especially as\nthe expectation is that market forces will push owners to swallow the cost of\nadditional taxation by factoring it into the listing price.<\/p>\n\n\n\n<p>As the new legislation went into effect, the ultra-luxury residential market almost came to a halt with only 35 deals inked in July, a whopping 87% month-over-month plunge in sales activity. While the market rebounded somewhat in subsequent months, sales activity between August and November remained well below its Q1 levels, closing between 40 and 46 transactions per month. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"851\" height=\"598\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/NYC-most-popular-ultra-luxury-submarkets_final.png\" alt=\"\" class=\"wp-image-37082\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/NYC-most-popular-ultra-luxury-submarkets_final.png 851w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/NYC-most-popular-ultra-luxury-submarkets_final.png?resize=300,211 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/NYC-most-popular-ultra-luxury-submarkets_final.png?resize=768,540 768w\" sizes=\"auto, (max-width: 851px) 100vw, 851px\" \/><\/figure>\n\n\n\n<p>In the second half of 2019, December was the most active\nwith 50 deals signed, marking the first month that was more in line with Q1\ntransactional activity<strong>. However, it\u2019s worth noting that fewer deals above $5\nmillion were closed in the entire second half of 2019 than in the single month\nof June<\/strong> \u2013 257 sales between July and December compared to 262 in June. \u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Since_2016_Peak_Manhattan_Ultra-Luxury_Sales_Continue_Downward_Trend\"><\/span><strong>Since 2016 Peak, Manhattan Ultra-Luxury Sales Continue Downward\nTrend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>However, the slowdown in ultra-luxury sales activity isn\u2019t completely new; it\u2019s been an ongoing trend in NYC for several years now. The Manhattan ultra-luxury market \u2013 which accounts for the overwhelming majority of city-wide sales \u2013 experienced a steady growth cycle between 2009 and 2016.<\/p>\n\n\n\n<p> In 2009, as the recession took full hold, only 325 residential deals closed at more than $5 million. Subsequently, each year leading up to 2016 saw an increase in ultra-luxury transactional activity; the exception was 2011, when four fewer deals were signed than the previous year, marking a negligible .8% contraction in sales activity. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"850\" height=\"571\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/Manhattan-Ultra-Luxury-Sales-activity-evolution.png\" alt=\"\" class=\"wp-image-37081\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/Manhattan-Ultra-Luxury-Sales-activity-evolution.png 850w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/Manhattan-Ultra-Luxury-Sales-activity-evolution.png?resize=300,202 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/Manhattan-Ultra-Luxury-Sales-activity-evolution.png?resize=768,516 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/figure>\n\n\n\n<p>Eventually, the ultra-luxury market peaked in 2016,\nrecording 1,114 sales in Manhattan. Since then, the market has been steadily\ndecreasing, with 2018 sales activity contracting 17% year-over-year and 2019\ncoming in 6% below 2018 figures. As the year unfolds, it remains to be seen how\nthe market will adjust to the recent legislative changes in the context of this\nongoing market contraction.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cobble_Hill_Is_Brooklyns_Most_Expensive_Ultra-Luxury_Submarket_Brooklyn_Heights_Most_Active\"><\/span><strong>Cobble Hill Is Brooklyn\u2019s Most Expensive Ultra-Luxury\nSubmarket, Brooklyn Heights Most Active <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Breaking down ultra-luxury transactional activity to the\nneighborhood level, it becomes clear that there are really only two NYC\nboroughs in terms of this residential market segment: Manhattan and Brooklyn.\nAnd Manhattan dominates to an overwhelming degree, inking 820 of the city\u2019s\ntotal 847 sales closed at $5 million or above \u2013 a 97% market share. The remaining\n27 deals were closed in increasingly pricey Brooklyn. <\/p>\n\n\n\n<p>Brooklyn\u2019s foray into the ultra-luxury market meant that 10\nof its neighborhoods registered residential sales with price tags of at least $5\nmillion; in fact, seven of these neighborhoods recorded only one such deal in\n2019. Midwood noted two such transactions, Cobble Hill had eight and Brooklyn\nHeights became the borough\u2019s most active submarket with 10 ultra-luxury sales\nin 2019. <\/p>\n\n\n\n<p>As a result, Brooklyn\u2019s borough-wide median sales price for\nultra-luxury residential assets in 2019 was $6,104,409. Brooklyn Heights\u2019\nmedian for this asset class closed 2019 at $6,325,000, while Cobble Hill\u2019s ultra-luxury\nmedian was $6,440,500, making these two Brooklyn neighborhoods the #20 and #18\npriciest ultra-luxury submarkets in NYC, respectively.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TriBeCa_Is_Most_Active_Ultra-Luxury_Submarket_with_14_of_NYC_Sales_Lenox_Hill_Closes_In_with_13\"><\/span>TriBeCa Is <strong>Most Active Ultra-Luxury Submarket with 14% of NYC Sales; Lenox Hill Closes In with 13% <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As expected, Manhattan was the setting for the overwhelming\nmajority of the city\u2019s ultra-luxury residential sales, claiming 97% of its total\nsales activity. Specifically, 31 Manhattan neighborhoods recorded residential sales\nof $5 million or more, 17 of which logged 10 or more deals in this price range.<\/p>\n\n\n\n<p>Although <a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/priciest-NYC-neighborhoods\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">TriBeCa was dethroned by Hudson Yards<\/a> in 2019 as the most expensive NYC neighborhood when taking into account all residential transactions, <strong>TriBeCa remained miles ahead of its upstart rival as the most active neighborhood for ultra-luxury sales in NYC, recording 120 of the city\u2019s total 847 sales \u2013 a whopping 14% market share.<\/strong> Not only that, but the median sale price for ultra-luxury homes in TriBeCa was $7,950,000 in 2019 \u2013 nearly $1 million higher than Hudson Yards\u2019 ultra-luxury median of $7,004,719.<\/p>\n\n\n\n<p>Lenox Hill followed with 106 deals priced over $5 million to\nclaim 13% of the city\u2019s most exclusive residential deals; it also had the\nthird-highest median for this asset class at $9,237,500. The Upper West Side\ncompleted the podium as the setting for 9% of all NYC ultra-luxury sales with\n79 deals closed above $5 million; its ultra-luxury median came in just below\nHudson Yards at $6,978,763. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Billionaires_Row_Lives_Up_to_Its_Name_with_a_26_Million_Median_for_Ultra-Luxury_Sales\"><\/span><strong>Billionaire\u2019s Row Lives Up to Its Name with a $26 Million\nMedian for Ultra-Luxury Sales<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Looking beyond the three most active neighborhoods for ultra-luxury\nresidential sales, Carnegie Hill came in at #4 with 67 deals \u2013 and an $8\nmillion median. But, if we were to treat Billionaire\u2019s Row as its own\nneighborhood, it would claim Carnegie Hill\u2019s spot with 69 sales. Moreover, <strong>Billionaire\u2019s\nRow would be the most expensive ultra-luxury submarket with a jaw-dropping $26\nmillion median sale price for this asset class<\/strong>. <\/p>\n\n\n\n<p>As things stand with the city\u2019s established neighborhoods, when\nit comes to sky-high prices, Central Park South commanded the most exclusive\nprices, posting a $23,725,225 median sale price for ultra-luxury homes from 53\ndeals closed in 2019. It was followed at a very comfortable distance by Central\nMidtown \u2013 which closed 23 sales greater than $5 million last year for a $17\nmillion median sale price \u2013 and Lenox Hill\u2019s $9,237,500 median. <\/p>\n\n\n\n<p><strong>Check out the table below for NYC\u2019s top neighborhoods for\nultra-luxury sales in 2019: <\/strong><\/p>\n\n\n\n\n<table id=\"tablepress-264\" class=\"tablepress tablepress-id-264\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Neighborhood<\/th><th class=\"column-2\">Borough<\/th><th class=\"column-3\">Number of Ultra-Luxury Sales<\/th><th class=\"column-4\">Median Sale Price for Ultra-Luxury Homes<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">TriBeCa<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">120<\/td><td class=\"column-4\">$7,950,000<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Lenox Hill<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">106<\/td><td class=\"column-4\">$9,237,500<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Upper West Side<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">79<\/td><td class=\"column-4\">$6,978,763<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Carnegie Hill<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">67<\/td><td class=\"column-4\">$8,000,000<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Central Park South<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">53<\/td><td class=\"column-4\">$23,725,225<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Hudson Yards<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">47<\/td><td class=\"column-4\">$7,004,719<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Lincoln Square<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">47<\/td><td class=\"column-4\">$6,600,000<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Greenwich Village<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">43<\/td><td class=\"column-4\">$9,000,000<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">West Village<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">37<\/td><td class=\"column-4\">$8,000,000<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Chelsea<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">31<\/td><td class=\"column-4\">$6,400,000<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">SoHo<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">26<\/td><td class=\"column-4\">$6,707,500<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Gramercy Park<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">26<\/td><td class=\"column-4\">$5,717,500<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Central Midtown<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">23<\/td><td class=\"column-4\">$17,000,000<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">NoMad<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">17<\/td><td class=\"column-4\">$6,650,000<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Hudson Square<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">16<\/td><td class=\"column-4\">$6,950,000<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Yorkville<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">13<\/td><td class=\"column-4\">$5,650,000<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Brooklyn Heights<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">10<\/td><td class=\"column-4\">$6,325,000<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Turtle Bay<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">9<\/td><td class=\"column-4\">$6,000,000<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Flatiron District<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">8<\/td><td class=\"column-4\">$7,675,000<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">NoHo<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">8<\/td><td class=\"column-4\">$6,900,000<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Cobble Hill<\/td><td class=\"column-2\">Brooklyn<\/td><td class=\"column-3\">8<\/td><td class=\"column-4\">$6,440,500<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">Financial District<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">8<\/td><td class=\"column-4\">$5,795,834<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">NoLiTa<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">7<\/td><td class=\"column-4\">$7,070,000<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">East Village<\/td><td class=\"column-2\">Manhattan<\/td><td class=\"column-3\">7<\/td><td class=\"column-4\">$6,600,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Methodology\"><\/span><strong>Methodology\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>To determine the most active ultra-luxury residential submarkets\nin New York City, we analyzed all residential transactions above $5,000,000\nthat closed between January 1, 2019, and December 31, 2019. We took into\naccount condo,\nco-ops, and single- and two-family home sales. All package deals were excluded.\n<\/p>\n\n\n\n<p>For an accurate representation, we calculated the median sale\nprice of ultra-luxury residential properties only in neighborhoods that\nregistered a minimum of five such transactions outside of package deals.<\/p>\n\n\n\n<p>When compiling the month-by-month evolution of ultra-luxury sales,\ntransactions were included in the monthly stats of the month in which the deals\nwere signed. <\/p>\n\n\n\n<p>We defined Billionaire\u2019s Row as 220 Central Park South, 432 Park Avenue, 520 Park Avenue and 157 West 57th Street, as 252 East 57<sup>th<\/sup> Street, 111 West 57<sup>th<\/sup> Street, 225 West 57<sup>th<\/sup> Street and 53 West 53<sup>rd<\/sup> Street had no ACRIS-registered transactions in 2019. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways: June sales activity surged 185% month-over-month, inking 262 deals above $5 million. H2 2019 recorded lower transactional activity than the single month of June, as the new mansion tax took hold. TriBeCa was the #1 neighborhood for ultra-luxury sales, claiming 14% of all NYC deals. Central Park South was the most expensive neighborhood&hellip;<\/p>\n","protected":false},"author":49,"featured_media":37079,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[349,89,8245,328,1659],"tags":[11093,508,11094,11171,11096],"class_list":["post-37078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brooklyn-real-estate","category-manhattan-real-estate","category-market-studies","category-new-york-real-estate","category-priciest-neighborhoods","tag-luxury","tag-new-york-real-estate-2","tag-new-york-residential-real-estate","tag-old-study","tag-ultra-luxury-homes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The New York City Ultra-Luxury Residential Report - PropertyShark Real Estate Blog<\/title>\n<meta name=\"description\" content=\"Analyzing 2019 sales activity in the NYC residential market\u2019s most exclusive segment\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/02\/06\/the-new-york-city-ultra-luxury-residential-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The New York City Ultra-Luxury Residential Report\" \/>\n<meta property=\"og:description\" content=\"Analyzing 2019 sales activity in the NYC residential market\u2019s most exclusive segment\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/02\/06\/the-new-york-city-ultra-luxury-residential-report\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-06T12:52:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-22T08:24:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/02\/2019-Ultra-Luxury-Residential-Sales-Report.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"Analyzing 2019 sales activity in the NYC residential market\u2019s most exclusive segment\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eliza Theiss\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The New York City Ultra-Luxury Residential Report - 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