• 36 NYC new development contracts were signed last week, a 25% decrease from the week before, and a 16.28% decrease from a year ago.

• 67 new closings totaled $148.07M.

• PPSF: Average contract asking price: $1,764 | Average closed sale price: $1,596.

• Of the 36 new dev contracts signed in NYC, 15 were in Manhattan, 20 were in Brooklyn, and 1 were reported in Queens.

Manhattan: 15 New Contracts Totaled $61.5M

Manhattan reported 15 contracts, marking a 42.31% decrease from the previous week. Contracts were distributed across 13 buildings, with two projects reporting multiple contracts.

One11 Residences in Midtown reported two contracts on 1BR units priced at $1.295M and $1.900M.

The Treadwell in Lenox Hill reported two contracts on 1BR and 2BR units priced at $1.795M and $2.575M. 

Brooklyn: 20 New Contracts Totaled $28.8M

Deal volume increased by 5.26% to 20 this week. These contracts were distributed across 18 projects.

1048 Flushing Ave in Bushwick reported two contracts on 2BR units priced at $1.095M.

Arbor in Kensington reported two contracts on 2BR units priced at $799K and $839K. 

_{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.}