• 42 NYC new development contracts were signed last week, a 2% decrease from the week before.
• 67 new closings totaled $165M.
• PPSF: Average contract asking price: $1,944 | Average closed sale price: $1,496
• Of the 43 new dev contracts signed in NYC, 24 (-14%) were in Manhattan, 14 (+8%) were in Brooklyn, and 5 were reported in Queens.

Manhattan: 28 New Contracts Totaled $75M

Manhattan reported 24 contracts, marking a 14% decrease from the previous week.

24 contracts were distributed across 21 buildings. 

One11 Residences in Midtown reported two contracts last week. Deals were on 1 BR units were priced between $1.295M and $1.35M. 

Bloom On 45th in Hell’s Kitchen reported two contracts for studios asking $795K and $830K. 

Brooklyn: 14 New Contracts Totaled $19M

Deal volume decreased 24% to 14 this week. These contracts were distributed across 12 projects, with no single project reporting more than three contracts.

11 Hoyt in Downtown Brooklyn reported two contracts on 3BR units asking $2.9M and $3M. 

The Brooklyn Grove in Downtown Brooklyn reported two deals on 1 and 2BR units, asking $1.125M and $1.65M.

_{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.}