Manhattan’s luxury contracts log late summer slump

Manhattan’s luxury market hit the brakes last week.  Buyers signed contracts for just nine homes in the borough asking $4 million or more between July 28 and Aug. 3, according to Olshan Realty’s weekly report. The total was significantly less than the 25 deals inked in the previous period and marked the lowest total since September 2023.  A penthouse at Naftali Group’s 255 East 77th Street, asking $24.7 million, was the priciest property to land a signed contract. Unit PHB spans 5,500 square feet and has seven bedrooms and six bathrooms. It also features a loggia, views of Central Park […]This article originally appeared on The Real Deal. Click here to read the full story.