• 70 NYC new development contracts were signed last week, a 20.69% increase from the week before, but a 141.38% increase from a year ago.

• 53 new closings totaled $280M.

• PPSF: Average contract asking price: $1,898 | Average closed sale price: $1,770.

• Of the 70 new dev contracts signed in NYC, 42 were in Manhattan, 22 were in Brooklyn, and 6 were reported in Queens.

Manhattan: 42 New Contracts Totaled $188M

Manhattan reported 42 contracts, marking a 35.48% increase from the previous week. Contracts were distributed across 27 buildings, with twelve projects reporting multiple contracts.

The Perrie in Turtle Bay reported four contracts on 1BR units priced between $940M and $1.385M. 

The Henry in Upper West Side reported three contracts on 3BR to 6BR units priced between $5.700M and $26.950M.

520 Fifth Avenue in Midtown reported two contracts on 1BR and 3BR units priced at $3.450M and $11.950M.

Brooklyn: 22 New Contracts Totaled $34.5M

Deal volume increased by 10% to 22 this week. These contracts were distributed across 17 projects.

Park Lee Fulton in Bedford Stuyvesant reported two contracts on 1BR units priced at $725M and $775M. 

183 Java Street in Greenpoint reported two contracts on 2BR and 3BR units priced at $1.995M and $2.350M. 

Ocean 24 Condominium in Kensington reported two contracts on Studio and 2BR units priced at $429M and $1.130M.

_{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.}