It was no surprise that Hurricane Sandy hurt the luxury real estate market, two weeks ago when most of New York City was with out power.But last week, the market made a strong rebound, with 20 contracts being signed on properties listed at $4 million and above, according to the Olshan Realty report.
Three properties sold for $20 million and above.
The biggest sale of the week was a townhouse on E. 70th Street, which was on the market for just three months. The house sold for $24.5 million. Real estate developer David Edelstein bought the house three years ago for $12.85 million.
The 20-foot-wide townhouse spanned 8,000 square feet and had an elevator.
Photo: Courtesy of Olshan Realty
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