Trophy properties
Ultra-luxury real estate sales, Flatiron Building floorplan, Preston Lane, après-ski, après-MSG, MORE
REAL ESTATE • Market Reports
Still got it
The ultra-luxury real estate market saw broad and substantial growth in 2025, with 2261 properties trading hands above $10M — a 30% increase over last year, per the Compass year-end 2025 Ultra-Luxury Report. The top 10 markets accounted for 71% of all sales, with Manhattan in the top slot and the Hamptons in seventh.
The full top 10:
Manhattan NY • 398 sales (30% YoY)
Greater Los Angeles CA • 292 (54%)
Palm Beach County FL • 193 (46%)
Miami-Dade FL • 173 (14%)
Orange County CA • 121 (13%)
Silicon Valley & Peninsula CA • 98 (36%)
The Hamptons NY • 93 (83%)
Southwest Florida FL • 85 (18%)
Aspen CO • 58 (41%)
San Diego CA • 66 (18%)
Among markets with at least 10 transactions, Greenwich was the third-fastest-growing with 38 sales (+124% YoY), and Brooklyn was the ninth-fastest-growing with 12 sales (+50%).
Some other emerging markets: Boston notched 20 $10M+ sales, almost 3x last year’s number. Marin County (CA) also almost tripled up with 17 sales, Jackson Hole tallied 33 sales (120%), Cape Cod 14 (100%), Central Florida 17 (89%), Greater Seattle 26 (53%), and Lake Tahoe, Incline & Reno 34 (34%).
REAL ESTATE LINKS: First publicly available apartments at Flatiron Building hit the market (above) • Why new development 80 Clarkson is the new downtown It building • In Gramercy, 313 East 17th St. residential conversion nears completion • Conditional backing granted for 27-story tower atop Fort Greene church • Building your own ice rink in a tiny Crown Heights backyard.
CULTURE & LEISURE • Friday Routine
County mile
PRESTON LANE • founder • Preston Lane
Neighborhood you work in: Upper East Side
Neighborhood you live in: Midtown West
It’s Friday afternoon. How are you rolling into the weekend?
Wrapping up the week at our Preston Lane office in the Empire State Building. We’re in the middle of finalizing some new home fragrance launches, so it’s been a busy one. By Friday afternoon, I’m usually packing up, grabbing whatever candle is currently in development, jumping in the car, and heading to my house in the Catskills. It’s my favorite way to reset after crazy weeks in the city.
Where are you drinking or dining this weekend?
If I’m Upstate, it’s either The Black Walnut in Callicoon or Conover Club at Callicoon Hills. Both have that perfect mix of cozy and elevated. The burger at Conover is a go-to. If I’m in the city, I gravitate toward spots that feel familiar: Morandi in the West Village is always a classic, Pastis if I want something familiar yet buzzy, or my local go-to 44&X in Hell’s Kitchen. It’s been around forever and feels like home.
How about a little leisure or culture?
I try to squeeze in a Broadway show whenever I can. There’s so much happening right now. I was on a bit of a Sunset Boulevard kick, but I think I’ve finally maxed out. Death Becomes Her is next on my list — it looks like the kind of fun, cheeky, slightly unhinged summer show I live for!
Any weekend getaways?
Sullivan County is my weekend escape. It’s the part of the Catskills that feels a bit more under-the-radar than Hudson or Kingston, but has so much to offer: great vintage shops, breweries, and restaurants. One of my favorite spots is Spruce Home Goods in Livingston Manor. It’s this beautifully curated little shop with home decor, imported snacks, and curated goodies you’re dying to take home. Sullivan Sundries in Jeffersonville has some of the best curated meats and cheeses you can find.
What was your last great vacation?
I took an amazing trip to London and then to the South of France. We stayed at Hotel du Cap-Eden-Roc, which was absolutely unreal. It’s one of those once-in-a-lifetime places: the views, the food, history, the old-school glamour. Morning swims every day and fantastic food. I took in all of the magic and felt incredibly grateful.
What’s a recent big-ticket purchase you love?
This Prada raffia crossbody bag. It’s lightweight, goes with everything, and feels perfect for summer. Slightly unexpected and super chic.
Where are you donating your time or money?
At Preston Lane, we’re proud to support the Hetrick-Martin Institute, which provides vital resources and support to LGBTQ+ youth across New York City. We’ve been honored to donate products for their summer fundraiser in the Hamptons and will continue to show up for them however we can. Their work is incredibly important, especially right now.
CULTURE & LEISURE • LeBron’s Last Garden?
New York City Ballet • New Combinations • Koch Theater (Lincoln Center) • Sat @ 730p • orch, $54 per
Lakers v Knicks • Madison Square Garden (Midtown South) • Sun @ 7p • sec 107, $1721 per ($480 lowest avail)
Fred Again.. • East End Studios (Woodside) • Fri @ 8p • $433 per
CULTURE & LEISURE LINKS: Harlem’s Studio Museum closed through 02/07 after ‘sprinkler emergency’ • Coney Island family sells wall with Banksy mural to Conn. brewery • Greenpoint Comedy Club opening this spring • Dudamel and NY Phil will perform operas at Carnegie Hall • The best of the New New York architecture • Sundance to Boulder marks the necessary end of an era.
GETAWAYS • Staycation
Garden party
The best way to make Madison Square Garden feel like the little music venue around the corner is by booking a nearby room for your pre- and post-concert needs. For this purpose, I like the Park Terrace Hotel’s studio-style suites overlooking Bryant Park. On the whole, Park Terrace feels more like a luxury condo building than a home for wayward tourists. There’s a well-equipped gym and sauna, plus a members-and-guests-only bar and coffee shop on the roof, where you can grab a drink and enjoy the sunset without dealing with the kinds of crowds that tend to hit the bars in this part of town.
Rooms have big, comfortable beds, adjustable wall-mounted TVs, comfortable couches for hanging out, pre-gaming, and views. Room service arrives from the La Pecora Bianca location downstairs. I recommend sharing a few pastas and a bottle of wine in bed while you watch YouTube videos of the artist you’re about to see.
A sub-15-minute walk later, you’re in line at MSG, fed, watered, and not frazzled from a commute into Manhattan and dinner at an overcrowded restaurant. And when the concert’s over, you can just walk back to the hotel and grab a nightcap at the bar — or tuck yourself right into bed. –Carina Finn
→ Park Terrace Hotel (Bryant Park) • 18 West 40th St • Studio suites from $330.
GETAWAYS LINKS: Inside the under-construction Terminal 1 that’s set to transform JFK • Shelter Island’s most expensive listing is this $18M Norman Jaffe house • Amtrak restoring service between NYC and Albany in early March • Delta doubles size of Philly Sky Club • New Charleston hotel watch: The Cooper, opening this spring
GETAWAYS • The Nines
Apres ski, Catskills
We hear Windham got 34” last weekend… The Nines are FOUND’s distilled lists of the best in New York City and surrounds. Paid subscribers have access to the complete Nines archive.
Deer Mountain Inn (Tannersville), American fare in cozy candle-lit bistro, house-cured charcuterie, caviar and popovers
Jägerberg (Hunter), Bavarian, incl. housemade liverwurst pate and cheese fondue, alongside extensive beer & wine menu
Okami (Windham), sushi and Japanese whisky slopeside
Prospect at Scribner’s Lodge (Hunter), Hunter Mountain views serving après ski classics with a twist & hot cocktails (Sat-Sun 3-5p)
Hemlock (Catskill), vibey cocktail bar, smash burgers, experimental bartenders
Fellow Mountain Cafe (Hunter), Main Street cafe serving cantina style aprés like tacos and micheladas (Sat-Sun 3-5p)
Millrock (Windham), unstuffy Italian fare overlooking Windham slopes
Bar at Hotel Lilien (Tannersville, above), limited menu in boutique hotel’s wooded lounge featuring pool table, jukebox, live music on weekends
Casa Susanna (Leeds), warm housemade masa tortillas and spiked hot chocolate
LOST & FOUND • Behind the Paywall
Dispatches by FOUND subscribers, for FOUND subscribers.
→ A handful of favorite NYC restaurants from new subscribers: Sempre Oggi (Upper West Side) • Caravaggio (Upper East Side) • Penny (East Village) • Joseph Leonard (West Village) • Cafe Mado (Prospect Heights).