• 42 NYC new development contracts were signed last week, a 10.64% decrease from the week before, and a 35.38% decrease from a year ago.

• 119 new closings totaled $415.31M.

• PPSF: Average contract asking price: $1,877 | Average closed sale price: $1,884.

• Of the 42 new dev contracts signed in NYC, 20 were in Manhattan, 17 were in Brooklyn, and 5 were reported in Queens.

Manhattan: 20 New Contracts Totaled $127.4M

Manhattan reported 20 contracts, marking a 16.67% decrease from the previous week. Contracts were distributed across 16 buildings, with four projects reporting multiple contracts.

The Willow in Kips Bay reported two contracts on 1BR units priced at $1.500M and $1.650M. 

96 + Broadway in Upper West Side reported two contracts on 2BR and 3BR units priced at $2.365M and $5.375M. 

Sutton Tower in Sutton Place reported two contracts on 2BR and 3BR units priced at $4.550M and $4.800M. 

Brooklyn: 17 New Contracts Totaled $22.78M

Deal volume decreased by 15% to 17 this week. These contracts were distributed across 14 projects.

The Pacific in Crown Heights reported three contracts on 1BR and 2BR units priced between $875K and $1.195M.

28 Herbert in Greenpoint reported two contracts on 1BR and 2BR units priced at $999K and $2.250M.

_{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.}