• 55 NYC new development contracts were signed last week, a 1.85% increase from the week before, and a 25.68% decrease from a year ago.

• 86 new closings totaled $148.78M.

• PPSF: Average contract asking price: $1,654 | Average closed sale price: $1,485.

• Of the 55 new dev contracts signed in NYC, 25 were in Manhattan, 18 were in Brooklyn, and 12 were reported in Queens.

Manhattan: 25 New Contracts Totaled $106M

Manhattan reported 25 contracts, marking a 19.35% decrease from the previous week. Contracts were distributed across 18 buildings, with four projects reporting multiple contracts.

720 West End Avenue in Upper West Side reported five contracts on 1BR and 3BR units priced between $1.055M and $2.995M.

The Solaire in Battery Park City reported two contracts on 1BR units priced at $667M and $1.105M. 

200 East 75th in Upper East Side reported two contracts on 4BR and 6BR units priced at $6.325M and $18.750M. 

Brooklyn: 18 New Contracts Totaled $24.12M

Deal volume decreased by 10% to 18 this week. These contracts were distributed across 15 projects.

Kensington Manor in Kensington reported four contracts on Studio, 1BR and 2BR units priced between $410M and $1.250M.

_{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.}