MONTHLY MARKET REPORT CityRealty is the website for NYC real estate, providing high-quality listings and tailored agent matching for prospective apartment buyers, as well as in-depth analysis of the New York real estate market. SALES SUMMARY .......................... HISTORIAL PERFORMANCE ......... NOTABLE NEW LISTINGS ............. SNAPSHOT ...................................... 2 4 7 8 JANUARY 2016
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monthlymarket
report
CityRealty is the website for NYC real estate, providing high-quality listings and tailored agent matching for prospective apartment buyers, as well as in-depth analysis of the New York real estate market.
SaleS Summary ..........................
HiStorial Performance .........
notable new liStingS .............
SnaPSHot ......................................
2
4
7
8
January 2016
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MONTHLY MARKET REPORT JANUARY 2016
*CityRealty's Manhattan area market comprises the area south of 125th street on the West Side, and south of 96th street on the East Side.
**CityRealty’s January 2016 market report includes all public records data available through December 31, 2015 for deeds recorded the prior month.
SummaryThe average sale price for Manhattan apartments rose in the four weeks leading up to
December 1, but the total number of sales dipped. The average price for an apartment—
taking into account both condo and co-op sales—was $2.2 million, up from $1.9 million in
the preceding month. The number of recorded sales, 862, was down substantially from the
988 recorded in the preceding month.
The average price of a condo was $2.9 million and the average price of a co-op was $1.3
million. There were 467 condo sales and 395 co-op sales.
The top three sales this month were in the two most expensive condominiums constructed
in New York City in the past decade: 15 Central Park West and One57.
The most expensive sale was unit 1819B in 15 Central Park West, a 5,610-square-foot, four-
bedroom condo that sold for $45 million. The second most expensive sale was also in 15
Central Park West—unit 8A, a four-bedroom, 4,565-square-foot condo, sold for $35 million.
The third most expensive sale was unit 54B in One57, which sold for $34.4 million. The
5,475-square-foot condominium has five bedrooms.
$45.0m15 Central Park West, #1819B4 beds, 6+ baths
Approx. 5,610 ft2 ($8,021/ft2)
$35.0m15 Central Park West, #8A4 beds, 5.5 baths
Approx. 4,565 ft2 ($7,667/ft2)
$34.4mOne57, #54B157 West 57th Street5 Beds, 5.5 baths
Approx. 5,475 ft2 ($6,278/ft2)
MOST ExPENSivE SAlES
aVeraGe SaleS prICe
$2.2 Million CONDOS AND CO-OPS
RESIDENTIAL SALES
UNITS
862 GROSS SALES
$1.86B
ConDoS SolD467
aVG prICe
$2.9maVG prICe/Ft2
$1,845aVeraGe prICe
$1.3m
Co-opS SolD395
3
MONTHLY MARKET REPORT JANUARY 2016
Manhattan Condo Sales Summary
*Neighborhoods with less than 5 sales in the past 30 days are not included in the table. Percentage changes are calculated over the same period of the previous month.
**CityRealty’s January 2016 market report includes all public records data available through December 31, 2015 for deeds recorded the prior month.
Avg Price / Ft2 by Region
30-Day Total Sales by Region
31+5+21+31+12Midtown$279M
21%
UpperEast Side
$168M
12%
UpperWest Side$427M
31%
Financial District / BPC$62M
5%
Downtown$429M
31%
Downtown was the highest-grossing region in Manhattan, with
$429 million in condominium sales. The Upper West Side was
the second highest-grossing area, with $427 million in sales.
Downtown also had the highest price/ft2, $2,268/ft2, and the
Upper West Side the second-highest, $1,872/ft2.
MIDTOWN30-Day
PriCE avg*SalES / PaSt
30 DayS
Midtown East $2,017 / ft2 (+36.7%) 23Midtown West $1,887 / ft2 (+11.0%) 58Murray Hill $1,516 / ft2 (+5.1%) 20Turtle Bay / United Nations $1,397 / ft2 (+1.3%) 16
UPPER WEST SIDE30-Day
PriCE avg*SalES / PaSt
30 DayS
Broadway Corridor $1,451 / ft2 (-4.1%) 43Central Park West $2,885 / ft2 (+31.0%) 19lincoln Center $1,847 / ft2 (-0.3%) 7Riverside Dr. / West End Ave. $1,866 / ft2 (+11.9%) 63
UPPER EAST SIDE30-Day
PriCE avg*SalES / PaSt
30 DayS
Carnegie Hill $1,537 / ft2 (-2.4%) 26lenox Hill $1,634 / ft2 (-27.4%) 14Park/Fifth Ave. to 79th St. $3,189 / ft2 (+35.5%) 5Yorkville $1,355 / ft2 (-13.8%) 33
FINANCIAL DISTRICT / BCP30-Day
PriCE avg*SalES / PaSt
30 DayS
Battery Park City $1,544 / ft2 (-1.3%) 15Financial District $1,390 / ft2 (+12.0%) 23
Chelsea $1,913 / ft2 (+20.7%) 19Flatiron / Union Square $2,455 / ft2 (+13.5%) 22Greenwich village $2,659 / ft2 (-13.9%) 8SOHO $1,934 / ft2 (-0.3) 5Tribeca $2,224 / ft2 (+19.2%) 11West village $2,575 / ft2 (+6.8%) 16
DOWNTOWN30-Day
PriCE avg*SalES / PaSt
30 DayS
kEy: fINANCIAL DISTRICT/bPCDOwNTOwNMIDTOwNUPPER EAST SIDEUPPER wEST SIDE
2013 2014 201520122011
Av
g P
RIC
E / F
T2
$2,000
$1,800
$1,600
$1,400
$1,200
$1,000
$800
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MONTHLY MARKET REPORT JANUARY 2016
56 Pine Street, #8B 706ft² Dec 14, 2005 ($410,670) Nov 03, 2015 ($740,000) $329,330 (+80.2%) 6.2%
555 West 23rd Street, #S9l 1079ft² Dec 14, 2005 ($1,349,181) Nov 24, 2015 ($1,925,000) $575,819 (+42.7%) 3.6%
the Chatham in Chelsea, 445 West 19th Street, #8H 500ft² Jun 14, 2005 ($540,000) Nov 10, 2015 ($780,000) $240,000 (+44.4%) 3.6%
the Kingsley, 400 East 70th Street, #1506 767ft² Jan 21, 2005 ($599,000) Nov 13, 2015 ($860,000) $261,000 (+43.6%) 3.4%
30 West 86th Street, #4a 2000ft² Dec 21, 2005 ($2,800,000) Nov 04, 2015 ($3,840,000) $1,040,000 (+37.1%) 3.3%
the Heritage at trump Place, 240 riverside Boulevard, #4E 880ft² Aug 17, 2005 ($924,826) Nov 09, 2015 ($1,345,000) $420,174 (+45.4%) 3.8%
160 Wooster Street, #5a 2404ft² feb 08, 2005 ($2,571,081) Nov 12, 2015 ($5,435,625) $2,864,544 (+111.4%) 7.2%
One Beacon Court, 151 East 58th Street, #41B 1757ft² Apr 29, 2005 ($3,105,662) Nov 20, 2015 ($6,550,000) $3,444,338 (+110.9%) 7.4%
2006: 22 resales
Olympic tower, 641 Fifth avenue, #26B 1238ft² Jun 29, 2006 ($1,600,000) Nov 13, 2015 ($2,647,450) $1,047,450 (+65.5%) 5.5%
riverwalk Place, 455 Main Street, #3N 952ft² Jan 25, 2006 ($641,497) Nov 04, 2015 ($960,000) $318,503 (+49.6%) 4.2%
Cielo, 450 East 83rd Street, #11E 1618ft² Jun 22, 2006 ($1,654,656) Nov 06, 2015 ($2,230,000) $575,344 (+34.8%) 3.2%
Fifth avenue tower, 445 Fifth avenue, #15H 650ft² Nov 20, 2006 ($635,300) Nov 12, 2015 ($870,000) $234,700 (+36.9%) 3.6%
the rambusch Building, 40 West 13th Street, #r6 2860ft² feb 17, 2006 ($3,025,000) Nov 03, 2015 ($4,800,000) $1,775,000 (+58.7%) 4.9%
345 West 13th Street, #1a 1800ft² Dec 15, 2006 ($1,687,500) Nov 03, 2015 ($2,447,500) $760,000 (+45.0%) 4.3%
Urban glass House, 330 Spring Street, #9B 1894ft² Dec 04, 2006 ($3,767,525) Nov 10, 2015 ($3,800,000) $32,475 (+0.9%) 0.1%
325 Fifth avenue, #20H 1198ft² Dec 04, 2006 ($1,634,291) Nov 03, 2015 ($2,275,000) $640,709 (+39.2%) 3.8%
the link, 310 West 52nd Street, #9B 678ft² May 08, 2007 ($751,500) Oct 21, 2015 ($850,000) $98,500 (+13.1%) 1.5%
the Delegate, 301 East 45th Street, #5C 330ft² Jan 11, 2007 ($390,000) Oct 02, 2015 ($478,000) $88,000 (+22.6%) 2.4%
Millennium tower residences, 30 West Street, #2F 525ft² Oct 31, 2007 ($405,000) Oct 22, 2015 ($495,000) $90,000 (+22.2%) 2.6%
237 East 88th Street, #303 768ft² Apr 03, 2007 ($920,000) Oct 20, 2015 ($1,325,000) $405,000 (+44.0%) 4.4%
Princeton House, 215 West 95th Street, #16C 611ft² Mar 16, 2007 ($449,498) Oct 30, 2015 ($776,000) $326,502 (+72.6%) 6.6%
the ansonia, 2109 Broadway, #42352 1331ft² Jul 18, 2007 ($1,682,912) Oct 08, 2015 ($2,725,000) $1,042,088 (+61.9%) 6.1%
184 thompson Street, #6P 608ft² Oct 12, 2007 ($640,000) Oct 07, 2015 ($819,000) $179,000 (+28.0%) 3.2%
the Centria, 18 West 48th Street, #20D 1245ft² Oct 19, 2007 ($1,318,633) Oct 01, 2015 ($1,700,000) $381,367 (+28.9%) 3.3%
atelier, 635 West 42nd Street, #9l 633ft² Jul 23, 2008 ($725,000) Nov 09, 2015 ($840,000) $115,000 (+15.9%) 2.1%
610 West 110th Street, #12E 1017ft² Sep 11, 2008 ($1,282,995) Nov 24, 2015 ($1,635,000) $352,005 (+27.4%) 3.4%
59 West 12th Street, #6g 900ft² Jul 31, 2008 ($1,220,000) Nov 25, 2015 ($1,565,000) $345,000 (+28.3%) 3.5%
This three-bedroom condominium is in the newly converted Tribeca condominium at 443 Greenwich Street. The development features a 71-foot indoor swimming pool, a children’s playroom, a 5,000-square-foot landscaped roof terrace and a fitness center.
$9.0m 443 greenwich Street, #2FApprox 3,126 ft2
3 Beds, 3.5 baths
This penthouse in Murray Hill’s Aurora condominium includes four balconies with four separate perspectives. The unit also features multiple walk-in closets, a surround-sound stereo system and custom interior design work.
$4.95mThe Aurora554 Third Avenue, #PhDApprox 3,549 ft2
4 beds, 4.5 baths
$23.25m 42 Wooster Street, #5NApprox. 4,800 ft2
3 Beds, 3.5 Baths
This three-bedroom Soho loft includes designer furnishings, a decorative fireplace in the living room, a built-in humidifier, European oak flooring, a private balcony and custom lighting.
This five-bedroom penthouse will be in Pierhouse, the first newly constructed condo within Brooklyn Bridge Park. The unit includes private outdoor space and a landscaped roof terrace with views of lower Manhattan and the East River.
This three-bedroom in the Museum Tower condominium has a living room with floor-to-ceiling corner windows that face north and east. The unit has a formal dining room that can be converted to a library or additional bedroom.
$5.25mMuseum Tower15 West 53rd Street, #35AApprox 2,248 ft2
3 Beds, 2.5 baths
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MONTHLY MARKET REPORT jANUARY 2016
“Today” show meteorologist Dylan Dreyer has listed her Upper West Side co-op for $862,000. Dreyer purchased the one-bedroom unit for $580,000 in 2012.
Actor Jonah Hill was reportedly seen eyeing the new Noho conversion The Schumacher at 36 Bleecker Street. Hill is currently
trying to sell a Soho loft that he bought three years ago.
Supermodel irina Shayk has listed her West village condo at 166 Perry Street for $3.995 million. Shayk purchased the duplex, which includes a large media room, for $1.96 million in 2010.
I wanted to bring a visceral sense of
Europe to New York. Which is the same thing
I’ve done with my apartment.”
-Restaurateur Mark Barak on his West 16th Street apartment in a Greek Revival townhouse, which he bought because it
reminded him of a London flat.
-The New York Times
Celebrity photographer David laChapelle sold
his one bedroom in West Chelsea’s 427 West 21st Street for $2.46 million
after purchasing it for $1.74 million in 2011.
Snapshot
9
Gabby Warshawer, CityRealty Director of Research and Communications, welcomes any questions and comments regarding the New York
City real estate market. She can be reached at [email protected] or by phone at 212-209-8809.
All closed sales data has been provided by the New York City Department of Finance via the Automated City Register information System
(ACRiS). No warranty or representation is made as to the accuracy of any data provided by ACRiS or any other sources. All dimensions are
approximate. For exact dimensions, you must hire your own architect or engineer and for no property included in this report shall the
number of bedrooms listed be considered a legal conclusion.
visit us at www.cityrealty.com for more sales information.