Central Park is the crown jewel of New York, and people have started to embrace it more than ever. As for which areas of Manhattan are hot, Burger says, “I think there’s been a bit of a renaissance for the Upper East Side and Central Park West markets. His current listings include a $32.25 million Fifth Avenue apartment that was the longtime home of jeweler Harry Winston and a $60 million Upper East Side duplex said to be owned by Princess Firyal of Jordan. Burger also has repped Jeff Bezos on numerous deals. When Bette Midler unloaded her Upper East Side penthouse for a cool $45 million and the Nasser family (who made their fortune in textile manufacturing) sold their Fifth Avenue co-op for $35 million this year, Brown Harris Stevens’ John Burger was behind both deals. Boardman recently handled a $32 million penthouse listing for Broadway producer Terry Allen Kramer, as well as a $17 million mansion listed by former Simon & Schuster head honcho Dick Snyder. In 2021, Boardman listed a $21.5 million Central Park West mansion belonging to Michael Douglas and Catherine Zeta-Jones as well as a $60 million Upper East Side townhouse owned by billionaire Ron Perelman. In her 20-year career at Sotheby’s International Realty, Serena Boardman has sold more than $4 billion worth of property. (Note: Client names that are included, unless otherwise noted, were all publicly reported transactions.) “We’re seeing exactly what we saw after other tragic events that have happened in the city, which is that people paused, and then the rebound was extraordinary.” Here, The Hollywood Reporter highlights the city’s top agents who are inking marquee deals and helping A-list clients navigate the brisk, reinvigorated market. “New York City has a resiliency that a lot of other markets don’t have,” says Pamela D’Arc of Compass. Homes priced over $10 million in Manhattan recently had their best sales week in eight years, and both sales volume and prices continue to spike. “It’s still the greatest city in the world, and everybody wants to be here,” says Core NYC broker Emily Beare. The effect on NYC’s real estate market was severe: In the second quarter of 2020, Manhattan sales fell 54.1 percent, their steepest decline in 30 years, while prices dropped 17.7 percent, according to data from Douglas Elliman.īut by the last few months of 2020, there was an upsurge in activity, and demand has only grown through 2021. With the unfolding tragedy came a flood of residents suddenly looking for properties outside the city as well as anxious whispers that the city might never return to its former glory. In the early months of the COVID-19 pandemic, New York City was hit first - and hardest.
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