WEEKLY MARKET REPORT Sept. 24th - Oct. 1st, 2020
E 82 N D ST. TOW N H O U S E AVA I L A B L E I N U P P E R E A ST S I D E
WEEKLY REPORT Sept. 24th - Oct. 1st, 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. 24th - Oct. 1st, 2020
All properties listed at $4MM and above.
IN-CONTRACT PROPERTIES This week 15 properties entered into contract, which is down from last week’s 16. There were 11 condos, 4 co-ops, and 0 townhouses, which totaled $134,374,980 in sales volume. Over the last 4 weeks the average amount of contracts signed is 13.5. Two weeks ago there were 12 contracts signed. The average price per foot rose 3.9% from the last week average of $2,556 per foot. The most expensive contract of the week was #SPHB at 565 Broome Street. This duplex penthouse features a 2,500 s/f outdoor space with a 20’ private heated pool. The 4,430 s.f, 4 bed, and 4.5 bath residence entered contract asking $30,000,000.
THE NUMBERS
15
$134,374,980
$8,958,332
Total Sales Volume
Average Contract Price
Properties In Contract 6.25%
178
$2,656
Average Days on Market
Average Price Per Foot
66%
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33.2%
25%
3.9%
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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. 24th - Oct. 1st, 2020
Newly listed properties above $4MM.
NEW TO MARKET
This week 52 new listings were put on the market, which is below last weeks total of 57. This week 5 listing over $20MM, and 9 listings over $10MM were put on the market Our most notable new listing of the week is #52B at 432 Park Avenue. This newly designed 2 bed, 2.5 bath residence, is located in one of the most coveted and luxurious buildings in Manhattan. Featuring open city views, this property is not one to be missed. It is listed at $12,950,000.
THE NUMBERS
52
$464,030,888
$8,923,670
Total Listing Volume
Average Contract Price
New Listings
3.9%
8.75%
5.32%
$9,877
$2,656
Average Monthlies
Average Price Per Foot
21.6%
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3.39%
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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. 24th - Oct. 1st, 2020
OUR NEW TO MARKET TOP PICKS
432 PARK AVENUE
212 W E S T 18 T H S T .
CONDO 2 BEDS 2.5 BATHS | 2,301 S/F
CONDO 4 BEDS 4.5 BATHS | 5,569 S/F
Fully renvated, Open City Views, Full Service luxury building.
Fully Renovated, Full Floor Residence, Private Outdoor Space, Unobstructed Downtown Views.
880 FIFTH AVENUE
101 W E S T 24 T H S T .
CO-OP 4 BEDS 3.5 BATHS
CONDO 3 BEDS 2.5 BATHS | 1,981 S/F
53’ of Central Park Frontage, Full Service Fifth Avenue Building.
Fully renvated, Newly Developed Building, Floor to Ceiling Windows, Fireplace, Full Service Building.
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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. 24th - Oct. 1st, 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. 24th - Oct. 1st, 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