- 30 new development contracts were signed last week across Manhattan and Brooklyn, totaling $90.74M in volume, a 66.7% increase from the week before and a 9.1% decrease from a year ago.

- Of the 30 new dev contracts signed last week, 19 were in Manhattan and 11 were in Brooklyn.

- 43 new closings totaled $88.21M ($63.03M in Manhattan, $25.18M in Brooklyn).

- $/ft²: Average new-dev contract price per square foot this week: $2,128 | Average closed sale price per square foot: $1,565.

The week-over-week jump looks dramatic, but it's largely a rebound off an unusually slow prior week (18 combined contracts) rather than a sudden surge in demand. The year-over-year comparison (down just 9.1%) is a better read on where the market really stands, and is a notably smaller gap than the roughly two-thirds YoY decline we saw the week before.

Manhattan: 19 New Contracts Totaled $63.59M

Manhattan reported 19 contracts last week, a 137.5% increase from the previous week and a 5.0% decrease from a year ago. One building, The Strathmore, led the borough with 2 contracts.

The Strathmore in Yorkville reported two contracts, from $3.00M to $4.96M. The 143-unit development (launched October 2025) is 69% sold or in contract.

One Wall Street, Apt M, in the Financial District reported a contract on a 2BR unit priced at $7.50M — the top contract in Manhattan this week.

Malabar Residences, Apt 2703, in Midtown reported a contract on a 3BR unit priced at $6.28M.

Brooklyn: 11 New Contracts Totaled $27.15M

Brooklyn reported 11 contracts last week, a 10.0% increase from the previous week and a 15.4% decrease from a year ago. One building, 110 Boerum Place, led the borough with 2 contracts.

110 Boerum Place in Cobble Hill reported two contracts, from $1.48M to $4.95M. The 21-unit development (launched January 2026) is 57% sold or in contract.

181 Baltic Street, Apt 2, in Cobble Hill reported a contract on a 4BR unit priced at $5.70M — the top contract in Brooklyn this week.

One Domino Square, Apt 15E, in Williamsburg reported a contract on a 3BR unit priced at $3.25M.

New Sales Launches

3 new developments started sales in Brooklyn this month, totaling 18 residential units.

Teng Fei Condominium, Borough Park — 8 units, sales started September 12.

515 Dean Street, Prospect Heights — 8 units, sales started September 8.

455 Keap Street, East Williamsburg — 2 units, sales started September 8.

_{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.}