• 56 NYC new development contracts were signed last week, a 7% decrease from the week before.
• 88 new closings totaled $141M.
• PPSF: Average contract asking price: $1,644 | Average closed sale price: $1,468
• Of the 56 new dev contracts signed in NYC, 26 (-28%) were in Manhattan, 25 (+47%) were in Brooklyn, and 5 were reported in Queens.

Manhattan: 26 New Contracts Totaled $87M

Manhattan reported 26 contracts, marking a 28% decrease from the previous week.

26 contracts were distributed across 18 buildings. 

520 Fifth Avenue in Midtown reported four contracts last week. Deals were on 1 and 2BR units priced between $2.09M and $4.7M. 

Hendrix House in Kip’s Bay reported three contracts for studio and 2BR units asking $950K and $1.63M. 

Brooklyn: 25 New Contracts Totaled $26M

Deal volume increased 47% to 25 this week. These contracts were distributed across 16 projects, with three projects reporting multiple contracts.

Kensington Manor in Kensington reported seven contracts on studio and 1BR units asking between $370K and $590K. 

87 Irving Place reported four deals on 2BR units, asking between $1.385M and $1.495M.

_{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.}