• 62 NYC new development contracts were signed last week, a 55% increase from the week before, and a 16.98% increase from a year ago.

• 80 new closings totaled $161.6M.

• PPSF: Average contract asking price: $1,720 | Average closed sale price: $1,482.

• Of the 62 new dev contracts signed in NYC, 29 were in Manhattan, 22 were in Brooklyn, and 11 were reported in Queens.

Manhattan: 29 New Contracts Totaled $77.14M

Manhattan reported 29 contracts, marking a 16% increase from the previous week. Contracts were distributed across 22 buildings, with five projects reporting multiple contracts.

One 11 Residences in Midtown reported three contracts on 1BR and 2BR units priced between $1.450M and $2.195M.

The Broad Exchange Building in Financial District reported three contracts on 2BR units priced at $1.320M and $1.945M. 

One Wall Street in Financial District reported two contracts on 1BR and 3BR units priced between $1.360M and $3.015M. 

Brooklyn: 22 New Contracts Totaled $35.86M

Deal volume increased by 57.14% to 22 this week. These contracts were distributed across 20 projects.

The Ainsley in Park Slope reported two contracts on 2BR and 3BR units priced at $1.495M and $2.495M.

744 Park Pl in Crown Heights reported two contracts on 3BR units priced at $1.535M and $1.655M.

_{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.}