• 43 NYC new development contracts were signed last week, a 31.75% decrease from the week before, and a 29.51% decrease from a year ago.

• 57 new closings totaled $141.93M.

• PPSF: Average contract asking price: $1,740 | Average closed sale price: $1,760.

• Of the 43 new dev contracts signed in NYC, 21 were in Manhattan, 15 were in Brooklyn, and 7 were reported in Queens.

Manhattan: 21 New Contracts Totaled $72.24M

Manhattan reported 21 contracts, marking a 30% decrease from the previous week. Contracts were distributed across 16 buildings, with four projects reporting multiple contracts.

720 West End Avenue in Upper West Side reported three contracts on 1BR, 2BR and 3BR units priced between $1.475M and $3.030M. 

Eastlight in Kips Bay reported two contracts on Studio and 2BR unit priced at $1.055M and $2.595M. 

The Willow in Kips Bay One reported two contracts on 1BR and 3BR units priced at $1.525M and $4.450M. 

Brooklyn: 15 New Contracts Totaled $20.25M

Deal volume decreased by 16.67% to 15 this week. These contracts were distributed across 13 projects.

The Slope On Fifth in Park Slope reported two contracts on 1BR and 2BR units priced at $999K and $1.455M.

350 Sixth Avenue in Park Slope reported two contracts on 2BR units priced at $1.950M and $2.595M.

_{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.}