• 79 NYC new development contracts were signed last week, a 43.64% increase from the week before, and a 43.64% increase from a year ago.

• 75 new closings totaled $189M.

• PPSF: Average contract asking price: $1,799 | Average closed sale price: $1,679.

• Of the 79 new dev contracts signed in NYC, 32 were in Manhattan, 44 were in Brooklyn, and 3 were reported in Queens.

Manhattan: 32 New Contracts Totaled $128.32M

Manhattan reported 32 contracts, marking a 28% increase from the previous week. Contracts were distributed across 24 buildings, with four projects reporting multiple contracts.

720 West End Avenue in Upper West Side reported six contracts on 1BR to 3BR units priced between $985M and $6.500M.

The Treadwell in Lenox Hill reported two contracts on 2BR units priced at $2.470M and $2.600M. 

255 East 77 in Upper East Side reported two contracts on 3BR and 4BR units priced at $5.150M and $9.400M. 

Brooklyn: 44 New Contracts Totaled $63.36M

Deal volume increased by 144.44% to 44 this week. These contracts were distributed across 24 projects.

65 Eckford Street in Greenpoint reported thirdteen contracts on 1BR and 2BR units priced between $1.145M and $1.975M.

Brooklyn Point in Downtown Brooklyn reported three contracts on 2BR units priced between $2.092M and $2.549M.

The Lumin in Greenpoint reported three contracts on 1BR units priced between $875M and $1.395M.

_{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.}