Co-Ops Outperform Condos in Luxury Market

Co-ops surged past condos for the first time in two years in Manhattan’s luxury market, with twelve high-end co-op contracts outpacing ten condos in a single week—totaling $203 million in deals. The most expensive property was a seven-thousand-square-foot Upper East Side townhouse for $18.5 million, complete with six bedrooms, eight baths, and a private elevator. Just behind it, a Nolita penthouse at $17.5 million offered four bedrooms, four baths, four terraces, and deeded parking. This shift signals renewed buyer interest in co-ops amid a slight overall market dip. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/061cfed79232586e