• 86 NYC new development contracts were signed last week, a 7.5% increase from the week before, and a 21.13% increase from a year ago.

• 108 new closings totaled $223.56M.

• PPSF: Average contract asking price: $1,821 | Average closed sale price: $1,478.

• Of the 86 new dev contracts signed in NYC, 57 were in Manhattan, 22 were in Brooklyn, and 7 were reported in Queens.

Manhattan: 57 New Contracts Totaled $190.38M

Manhattan reported 57 contracts, marking a 78.13% increase from the previous week. Contracts were distributed across 32 buildings, with fourteen projects reporting multiple contracts.

77 Greenwich in Financial District reported seven contracts on 3BR and 4BR units priced between $2.749M and $5.995M.

Bloom on 45th in Clinton reported five contracts on Studio, 1BR and 2BR units priced at $695K and $1.825M. 

Hendrix House in Kips Bay reported four contracts on 1BR and 2BR units priced at $1.690M and $2.475M. 

Brooklyn: 22 New Contracts Totaled $34.76M

Deal volume decreased by 51.11% to 22 this week. These contracts were distributed across 18 projects.

Bergen Brooklyn in Boerum Hill reported four contracts on Studio, 1BR, 2BR and 3BR units priced between $975K and $4.500M.

524 Halsey St in Bedford Stuyvesant reported two contracts on 2BR units priced between $1.250M and $1.340M.

_{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.}