• 40 NYC new development contracts were signed last week, a 33% decrease from the week before.
• 62 new closings totaled $105M.
• PPSF: Average contract asking price: $1,482 | Average closed sale price: $1,394
• Of the 40 new dev contracts signed in NYC, 14 were in Manhattan, 23 were in Brooklyn, and 3 were reported in Queens.

Manhattan: 14 New Contracts Totaled $87M

Manhattan reported 14 contracts, marking a 56% decrease from the previous week.

14 contracts were distributed across nine buildings, with four projects reporting multiple contracts.

Monogram New York in Turtle Bay reported three contracts on studios and 1BR units priced between $847,600 and $1,819,100. 

Hendrix House in Kip’s Bay reported two contracts for studio and 2BR units asking $950K and $1.34M. 

Brooklyn: 23 New Contracts Totaled $31M

Deal volume increased 12% to 25 this week. These contracts were distributed across 20 projects, with only one project reporting multiple contracts.

87 Irving Place reported four deals on 2BR units, asking between $1.535M and $1.595M.

_{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.}