- 58 NYC new development contracts were signed last week, an 3.57% increase from the week before but a 107% increase from a year ago.
- 67 new closings totaled $138M.
- PPSF: Average contract asking price: $2,034 | Average closed sale price: $1,670.
- Of the 58 new dev contracts signed in NYC, 40 were in Manhattan, 13 were in Brooklyn, and 5 was reported in Queens.
Manhattan: 40 New Contracts Totaled $179M
Manhattan reported 40 contracts, marking an 53% increase from the previous week. Contracts were distributed across 23 buildings, with seven projects reporting multiple contracts.
255 East 77th Street on the Upper West Side reported nine contracts on 2BR to 4BR units priced between $3.475M and $9.38M.
393 West End Ave on the Upper West Side reported three contracts on 3BR and 4BR units priced between $3.472M and $6.075M.
Hendrix House in Kip’s Bay reported three contracts on 1BR units priced at $1.286M and $1.465M.
Brooklyn: 13 New Contracts Totaled $15.6M
Deal volume decreased 55% to 13 this week. These contracts were distributed across 11 projects.
The Rogers Residences in Prospect Lefferts Gardens reported three contracts on 2BR and 3BR units asking $1.035M to $1.395M.
Brooklyn Point in Downtown Brooklyn reported one contract on a 2BR unit asking $2.13M.
One Domino Square in Williamsburg reported one contract on a 1BR unit asking $1.475M.
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.