MANHATTAN

In Manhattan, 345 new listings entered the market last week, up 5% from the previous week. 

171 Manhattan contracts were signed last week, down 34% from the previous week amid Memorial Day weekend and the lowest volume week since January.

19 Manhattan contracts were signed at $5M and above. Condos outsold co-ops 12-5, with two townhouses in the mix.

Noteworthy new contracts last week were: 

1.) Giorgio Armani Residences, 760 Madison Avenue Unit 5 asking $25M.

2.) 50 West 66th Street, 17CD, asking $24.95M.

3.) The townhouse at 52 East 66th Street, asking $24.5M.

BROOKLYN

In Brooklyn, 217 new listings entered the market last week, up 23% from the previous week.

Meanwhile 103 Brooklyn listings entered contract last week, which was 34% fewer than the previous week. The spring season in Brooklyn indeed remains very soft relative to recent years past.

Noteworthy new contracts in Brooklyn were:

1.) The townhouse at 27 A 2nd Street in Carroll Gardens, asking $4.995M

2.) The multifamily building at 151 Kane Street in Cobble Hill, asking $4.8M

3.) The townhouse at 212 Kane Street in Cobble Hill, asking $4.2M

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