The Highlights:
- The average sales price in Manhattan dipped slightly in the four weeks leading up to June 1, while the number of recorded sales rose markedly. The average sales price for all units, including co-ops and condos, was $2.2 million, down from $2.3 million the prior month. The number of recorded sales, 923, was up substantially from the 820 recorded the preceding month.
- The average price of a condo was $3.1 million and the average price of a co-op was $1.5 million. There were 412 condo sales and 511 co-op sales.
- The number of residential sales was up in the four weeks leading up to June 1, and the aggregate sales total, $2.0 billion, was also up from the $1.9 billion sold the prior month. The building with the most aggregate sales recorded this month was One57, which saw $78 million in sales over just 2 closings.
- The number of sales from new developments was down this month—92, as compared to 115 in the prior month. The average price, $4.4 million, was up slightly from the $4.3 million average the prior month, and the average price/ft2 was up 4%. The aggregate sales total of new developments was $403 million.
Most Expensive Sales:
The most expensive sale this month was at One57. Unit #85 in the Billionaire’s Row tower sold for $53 million. The 6,240-square-foot, four-bedroom, four-bathroom unit commanded $8,649/ft2.
The second most expensive sale was at the celebrity favorite 443 Greenwich Street, where PHA sold for $44 million. The 8,569-square-foot unit has five bedrooms.
The third biggest sale this month was at 432 Park Avenue. Apartment 71B in the building sold for $35 million. The 4,019-square-foot unit has three bedrooms and four-and-a-half bathrooms.
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