• 41 NYC new development contracts were signed last week, a 19% decrease from the week before, and a 5% increase from a year ago.

• 72 new closings totaled $129M.

• PPSF: Average contract asking price: $2,098 | Average closed sale price: $1,546.

• Of the 41 new dev contracts signed in NYC, 27 were in Manhattan, 12 were in Brooklyn, and 4 were reported in Queens.

•  

Manhattan: 27 New Contracts Totaled $154M

Manhattan reported 27 contracts, marking a 12.5% increase from the previous week. Contracts were distributed across 20 buildings, with seven projects reporting multiple contracts.

The Flatiron Building reported two contracts on 3BR units priced at $15.65M and $11.975M. 

16 Fifth Avenue in Greenwich Village reported two contracts on 3BR units priced at $16M and $15M. 

The Rennie in Harlem reported two contracts on 1BR and studio units priced at $665K and $495K. 

Brooklyn: 12 New Contracts Totaled $17M

Deal volume increased by 37% to 12 this week. These contracts were distributed across 10 projects.

Kensington Manor in Kensington reported two contracts on 2BR units priced at $850K and $599K.

48 Stanhope Street in Bushwick reported two contracts on 2BR units priced at $1.025M and $975K.

144 Vanderbilt Avenue in Fort Greene reported one contracts on a 2BR unit priced at $1.975M.

_{Data for this report is deemed reliable at the time of collection, but is not guaranteed accurate. Data points were collected from Marketproof.com. Analysis and conclusions are subject to errors, omissions and revisions.}