• 53 NYC new development contracts were signed last week, a 30.26% decrease from the week before, and a 65.63% increase from a year ago.

• 33 new closings totaled $75.57M.

• PPSF: Average contract asking price: $2,057 | Average closed sale price: $1,574.

• Of the 53 new dev contracts signed in NYC, 25 were in Manhattan, 22 were in Brooklyn, and 6 were reported in Queens.

Manhattan: 25 New Contracts Totaled $129.2M

Manhattan reported 25 contracts, marking a 28.57% decrease from the previous week. Contracts were distributed across 19 buildings, with five projects reporting multiple contracts.

393 West End Avenue on the Upper West Side reported three contracts on 4BR units priced between $5.850M and $5.950M. 

520 Fifth Avenue in Midtown reported two contracts on 1BR and 2BR units priced at $2.325K and $4.995M.

200 East 75th on the Upper East Side reported two contracts on 4BR and 5BR units priced at $6.400M and $18.750M.

Brooklyn: 22 New Contracts Totaled $40M

Deal volume decreased by 29.03% to 22 this week. These contracts were distributed across 14 projects.

Bergen Brooklyn in Boerum Hill reported five contracts on Studios, 1BR to 3BR units priced between $1.350M and $3.300M.

Williamsburg Wharf in Williamsburg reported three contracts on Studio, 2BR and 3BR units priced between $825K and $3.800M. 

Brooklyn Point in Downtown Brooklyn reported two contracts on 2BR units priced at $2.193M and $2.368M.

_{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.}