MANHATTAN & BROOKLYN | WEEKLY SCOOP
Battery Park’s Pumphouse Park 2024 @nyc
The in-between.
Just like our favorite streaming shows, there is a start, an end, and something in between.
During New York City’s busiest real estate seasons, spring and fall, I've wanted to provide you with a condensed version of the weekly activity, which should keep you closer to the action.
With time, I want to make this publication better; this is post #1.
CORCORAN WEEKLY REPORT: APR 13 to 19
MANHATTAN | CONDOS & CO-OPS
Last week, 241 contracts were reported signed in Manhattan, level with last week but down 9% year-over-year.
Manhattan contract activity has been steady week-over-week for the past four weeks.
Versus a year ago, new development and resale co-op sales fell by double digits, but resale condo sales rose 9%.
Signed contracts declined versus a year ago in Midtown and Downtown but were level or increased in all other submarkets.
The top contract was the 9th floor at 2 East 67th Street, asking $44.5M, the highest priced resale co-op sale of 2024
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CORCORAN WEEKLY REPORT: APR 13 to 19
BROOKLYN | CONDOS & CO-OPS
80 contracts were signed last week, down 11% year-over-year but up 7% from the previous week.
Both condo and co-op contracts were down annually, although co-op sales were down by one deal while condo transactions were down by nine.
Sales over $1M increased year-over-year. The $2M to $3M category had the largest nominal increase with six more sales than a year ago.
Five contracts signed over $3M last week, tying for 2nd most sales in any week in the last 12 months.
South Brooklyn had the largest annual submarket decrease, with nearly half as many deals as a year ago.
Last week's most expensive sale was a three-bedroom residence at Quay Tower, featuring views of Manhattan and the New York Harbor.
All information contained within this document is intended for informational purposes only and is sourced from sources that are considered reliable. Although the information is believed to be accurate, it is presented subject to omissions, errors, modifications, or withdrawal without prior notice. This is not intended to solicit property that has already been listed. Equal Housing Opportunity.