July recorded 61 contracts signed at $5M+ across Manhattan, down from 88 in June, reflecting the market's normal seasonal pattern. Every year, the combination of the Fourth of July holiday and peak summer travel leads to a quieter pace as many buyers and sellers spend time away from the city. This moderation is typical for July and is a function of seasonality rather than weakening demand. Although both contract volume and average deal size declined month over month, average price per square foot moved noticeably higher, highlighting continued demand for best-in-class properties. The most discerning buyers remain active, with exceptional homes continuing to command strong interest despite the slower seasonal pace. Inventory remains the key story across Manhattan's luxury market. Quality listings are still in limited supply, creating an attractive window for sellers considering a move while reinforcing the importance of acting decisively when standout properties become available. As activity traditionally accelerates after Labor Day, the market appears well positioned for a strong fall season. . . . #lenzonluxury #LuxuryRealestate #ManhattanLuxury #contractsigned #realestate
yesterday
July recorded 61 contracts ...Gramercy Park is one of Manhattan's most exclusive residential enclaves, where timeless elegance meets extraordinary scarcity. Centered around the city's only private park, with coveted key access reserved for residents, the neighborhood is defined by grand townhouses, historic mansions, and a level of privacy that is nearly impossible to replicate. That exclusivity continues to support values. Over the past 12 months, the median luxury sale price climbed 9.65% to $6.25M, while luxury sales above $5M totaled just 14, underscoring how tightly held this neighborhood remains. Average closed pricing came in at $1,798 per square foot, down 11.5% year over year, presenting compelling opportunities for discerning buyers. With several highly anticipated luxury developments now taking shape alongside its historic streetscape, Gramercy Park is poised to welcome a new generation of trophy residences. In a neighborhood where inventory has always been exceptionally limited, that added supply is likely to drive a meaningful increase in high-end sales while further cementing Gramercy's place among Manhattan's most sought-after addresses. #GramercyPark #NYCRealEstate #LuxuryRealEstate #ManhattanRealEstate #LuxuryHomes
5 days ago
Gramercy Park is one of Man..."A rising tide lifts all boats." That principle applies to real estate too. When policies make New York a less attractive place to invest, the effects extend well beyond luxury homeowners. Strong markets generate jobs, support local businesses, and produce the tax revenue that helps the city thrive. The focus should be on encouraging investment, not penalizing it. Always a pleasure joining @foxbusiness to discuss the potential implications of New York's pied-à-terre tax. #FoxBusiness #NYCRealEstate #LuxuryRealEstate #Manhattan #HousingPolicy
6 days ago
"A rising tide lifts all bo...Downtown Naples has a new address worth discovering. Beautifully furnished with interiors by a top New York City designer, this exceptional west-facing residence offers a seamless blend of sophisticated design and effortless Florida living. An expansive great room, chef's kitchen with an oversized island, two luxurious bedroom suites, spa-inspired baths, and a generous lanai create an ideal setting for both entertaining and everyday living. Enjoy resort-style amenities, including a pool, cabana bar, fitness center, and outdoor gathering spaces, all just moments from Fifth Avenue, Naples' white sand beaches, Baker Park, the Design District, Bayfront, the new Gulfshore Playhouse, and Barney's. Reach out for pricing or to arrange a private tour. #NaplesFL #DowntownNaples #LuxuryHomes #LuxuryRealEstate #FloridaLuxury
a week ago
Downtown Naples has a new a...Park Slope has long been one of Brooklyn's most coveted addresses, where tree-lined streets, beautifully preserved brownstones, and a true neighborhood feel create a lifestyle that's hard to replicate anywhere else in New York. From grand 19th-century townhouses to Prospect Park at its doorstep, top-rated schools, and a vibrant mix of independent cafés, restaurants, and boutiques along Fifth and Seventh Avenues, it's easy to see why buyers continue to compete for the neighborhood's limited inventory. That demand is reflected in the numbers. The median luxury sale price climbed 5.25% year over year to $6.21M, while the average closed price reached $1,833 per square foot, a remarkable 26% increase from a year ago. Luxury sales above $5M totaled 18 over the past 12 months, down 10% year over year, a reminder that opportunities to purchase in Park Slope remain relatively scarce. #ParkSlope #BrooklynRealEstate #LuxuryRealEstate #LenzonLuxury #NYCRealEstate
2 weeks ago
Park Slope has long been on...Why New York? It's a question we've been answering for decades. The city's appeal has never rested on a single market cycle, neighborhood, or headline. It comes from something much deeper: an unmatched combination of global commerce, innovation, culture, iconic architecture, and some of the world's most extraordinary residences. Today, many of the world's most influential companies continue to expand their presence in New York, reinforcing the city's role as a global center for finance, technology, media, and innovation. Like the city itself, Manhattan's luxury market continues to evolve while remaining one of the world's premier places to own a home. Swipe through for a closer look at what continues to make Manhattan the first choice for many of the world's most discerning buyers and sellers. . . . #LenzOnLuxury #ManhattanRealEstate #LuxuryRealEstate #NewYorkCity #LuxuryHomes NYCRealEstate ManhattanLuxury LuxuryLifestyle Architecture NewYorkLiving
2 weeks ago
Why New York? It's a questi...Nearly 5,000 square feet. Soaring ceilings. A remarkable renovation by Mojo Stumer. And postcard views stretching across Manhattan, the East River, and beyond from every room. Penthouse 82CD at 845 United Nations Plaza is a home that rarely comes to market, combining grand scale with exceptional design high above New York City. Reach out to schedule a private tour. #LenzOnLuxury #NewYorkRealEstate #NYCPenthouse #LuxuryRealEstate #manhattan
3 weeks ago
Nearly 5,000 square feet. S...The Flatiron District has always been where New York's past and future meet. Bounded by 14th Street to the south, 23rd Street to the north, Sixth Avenue to the west and Park Avenue South to the east, it's one of Manhattan's most walkable neighborhoods, known for its historic architecture, acclaimed restaurants and unbeatable central location. The neighborhood's crown jewel, the iconic Flatiron Building, is now entering its next chapter with its transformation into luxury residences, adding a new level of prestige to one of the city's most recognizable addresses. The market continues to reflect that enduring appeal. The median luxury sale price climbed 7.6% year over year to $6.995M, while the average closed price held steady at $2,728 per square foot. Luxury sales above $5M totaled 31 over the past 12 months, down 24% year over year, underscoring the neighborhood's limited inventory and highly selective luxury market. #FlatironDistrict #NYCRealEstate #LuxuryRealEstate #lenzonluxury
3 weeks ago
The Flatiron District has a...When the luxury market is making headlines, experience matters. We're honored to regularly contribute to leading business and financial news networks including @foxbusiness , @cnbc and @schwabnetwork , sharing our perspective on the trends, policies and market dynamics shaping luxury real estate. For today's buyers and sellers, staying ahead of the market requires more than headlines. It requires informed guidance, deep market expertise and a clear understanding of where opportunities exist. Whether advising clients privately or speaking to a national audience, our commitment remains the same: helping our clients navigate the market with confidence. #LenzOnLuxury #LuxuryRealEstate #ManhattanRealEstate
3 weeks ago
When the luxury market is m...Manhattan's median luxury sale price has been remarkably consistent over the past decade, moving from $6.16M in 2016 to $6.2M today. That kind of stability is rare and reflects the long-term strength of the market. The backdrop is starting to change. Inventory remains limited, and the cost of building new luxury homes continues to rise as financing, construction, insurance, and land become more expensive. Over time, fewer new homes coming to market at higher replacement costs can put upward pressure on pricing. This isn't about creating urgency. It's simply recognizing where the market may be headed. If you've been waiting for the "perfect" moment, today's market may look increasingly attractive in hindsight. We'd be happy to share what we're seeing and where we believe the best opportunities exist across Manhattan's luxury market. #Lenzonluxury
3 weeks ago
Manhattan's median luxury s...