WEEKLY MARKET REPORT Sept. 3rd - Sept. 10th, 2020
111 W E S T 5 7 T H S T R E E T AVA I L A B L E I N M I D T OW N
We e k l y R e p o r t Sept. 3rd - Sept. 10th, 2020
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575 MADISON AVENUE, NEW YORK,NY NY10022. 10022. 212. 212. 891.7000 ©© 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTEDPRESENTED HEREIN IS INTENDED FOR INFORMATION 575 MADISON AVENUE, NEW YORK, 891.7000 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL HEREIN IS INTENDED FOR PURPOSES INFORMATION ONLY.ONLY. WHILE,WHILE, THIS INFORMATION IS BELIEVEDISTOBELIEVED BE CORRECT, IT ISCORRECT, REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT ALL PROPERTY PURPOSES THIS INFORMATION TO BE IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES ORNOTICE. WITHDRAWAL WITHOUT INFORMATION, INCLUDING, BUT NOTINCLUDING, LIMITED TO SQUARE FOOTAGE, ROOM COUNT, FOOTAGE, NUMBER OFROOM BEDROOMS AND NUMBER THE SCHOOL IN PROPERTY LISTINGS SHOULD BE NOTICE. ALL PROPERTY INFORMATION, BUT NOT LIMITED TO SQUARE COUNT, OFDISTRICT BEDROOMS AND THE SCHOOL DISTRICT IN VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727 PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727
WEEKLY MARKET REPORT Sept. 3rd - Sept. 10th, 2020
All properties listed at $4MM and above.
IN-CONTRACT PROPERTIES This week 11 properties entered into contract. There were 10 condos, 1 co-op, and 0 townhouses, which totaled $62,139,000 in sales volume. The signed contracts amountincreased above 10, after last weeks drop to 9. Two weeks ago there were 13 contracts signed. The average price per foot rose 8.5% from the last week average of $1,981 per foot. The most expensive contract of the week was the Townhouse located in the 90 Morton New Developement condo. The 3,537 s/f property entered contract asking $9,450,000 after 147 days on the market. The house features 4 beds and 3.5 baths.
THE NUMBERS
11
Properties In Contract
$62,139,000
$5,649,000
Total Sales Volume
Average Contract Price
6.48%
22.2%
23.4%
142
$2,150
Average Days on Market
Average Price Per Foot
31.1%
8.5%
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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727
WEEKLY MARKET REPORT Sept. 3rd - Sept. 10th, 2020
Newly listed properties above $4MM.
NEW TO MARKET
This week 73 new listings were put on the market, which is significantly more than last weeks total of 51. This can be due to the typical surge of new listings after Labor Day Weekend. This week 4 listing over $20MM, and 15 listings over $10MM were put on the market Our most notable new listing of the week is 8 East 62nd Street, a triple mint townhouse located right off of 5th Avenue. The 25’ wide house is now listed for $65MM, which significantly off its orginal ask of $84.5MM.
THE NUMBERS
73
New Listings
$729,543,990
$9,829,745
Total Volume
43.1%
Average Ask Price
45%
1.7%
$2,789
$9,165
Average Price Per Foot
Average Monthlies
16.6%
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32.6%
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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727
WEEKLY MARKET REPORT Sept. 3rd - Sept. 10th, 2020
OUR NEW TO MARKET TOP PICKS
8 East 62nd Street
32 East 64th St. 9W
TWNHS 4 BEDS | 4.5 BATHS | 14,825 s/f
CO - OP 5 BEDS | 4 BATHS | 5,000 s/f
Fully renvated TH, 25’ wide, Crestron system, Her Boudoir and Media rooms, keyless alarm entry and snow melt frost sidewalks.
Renovated 11 room apt., Private elevator entry, Wood Burning fireplace, Full Service building.
160 Leroy St. N9B
44 Laight Street 3A
CONDO 4 BEDS | 4.5 BATHS | 2,792 s/f
CONDO 4 BEDS | 4.5 BATHS | 3,733 s/f
Ian Schrager designed Condo, Unobstructed Hudson River views, Full Service building w/ a porte-cochere.
Full Floor Residence, Gut Renovated, 12’ beamed ceilings, fully equipped smart home system.
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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727
WEEKLY MARKET REPORT Sept. 3rd - Sept. 10th, 2020
THIS WEEK’S SIGNED CONTRACTS
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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727
WEEKLY MARKET REPORT Sept. 3rd - Sept. 10th, 2020
S t ay t u n e d fo r n ex t we e k s m a rke t re p o r t ! Let us know if you would like information on a specific market segment, as we would be happy to provide it. Please contact us directly to discuss any of this week’s new inventory.
Abraham Sarway ( 9 1 7 ) 75 5 - 0 3 9 4 ASarway@elliman.com 5 75 M a d i s o n Av e n u e , 3 r d F l N e w Yo r k , N Y 1 0 0 2 2
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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727