• 40 NYC new development contracts were signed last week, a 4.76% decrease from the week before, and a 33.33% decrease from a year ago.

• 33 new closings totaled $51.81M.

• PPSF: Average contract asking price: $1,938 | Average closed sale price: $1,512.

• Of the 40 new dev contracts signed in NYC, 25 were in Manhattan, 14 were in Brooklyn, and 1 were reported in Queens.

Manhattan: 25 New Contracts Totaled $91.5M

Manhattan reported 25 contracts, marking a 8.7% increase from the previous week. Contracts were distributed across 16 buildings, with five projects reporting multiple contracts.

One Wall Street in Financial District reported three contracts on 1BR and 2BR units priced at $1.500M and $2.150M.

One 11 Residences in Midtown reported three contracts on 1BR and 2BR units priced between $1.450M and $2.595M. 

One United Nations Park in Murray Hill reported three contracts on 3BR units priced between $3.645M and $4.390M. 

Brooklyn: 14 New Contracts Totaled $23.38M

Deal volume decreased by 12.5% to 14 this week. These contracts were distributed across 11 projects.

1048 Flushing Ave in Bushwick reported two contracts on 2BR and 3BR units priced at $925K and $1.495M.

Brooklyn Point in Downtown Brooklyn reported two contracts on 2BR and 3BR units priced at $2.392M and $3.050M.

Kensington Manor in Kensington reported two contracts on 1BR and 2BR units priced at $599K and $840K.

_{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.}