“That building is on fire,” says one uptown broker of 1122 Madison Avenue, where the duplex penthouse just went into contract for $89.5 million, an Upper East Side condo record, barely a month after sales launched in mid-January. “It’s the talk of the town.”

“It’s the ‘It’ building,” agrees Donna Olshan, who tracks the Manhattan luxury market, pointing out that the building will be sold-out soon — 20 of the 26 units in the building are now in contract, according to the developers, Legion Investment Group and Nahla Capital. Continue reading on Curbed.