The first several months of 2024 displayed the peculiar position of the Manhattan residential real estate market. New development inventory has been slowly dwindling as pandemic-related delays affected project timelines -- both starts and deliveries. As interest rates remain elevated, keeping resale inventory low, the market has entered a holding pattern of below-average sales, high negotiability, and slipping prices on less desirable product. Meanwhile, co-ops, known for their relative affordability and stability compared to condos, have seen steady sales and prices year-over-year
Because of these challenges, Manhattan remains a buyer's market, particularly attractive to all-cash buyers. Prices are still moderately off from their pre-pandemic peaks and are down from the spike in sales that occurred just before the interest rate increases of 2022. However, with a limited pipeline of new development, rents continuing to rise, and Manhattan's appeal among affluent global buyers, investing in Manhattan property remains a sound choice, with all neighborhoods on the island likely to appreciate over time.
Find below our latest listings with open houses scheduled. They include some newly-listed properties and units that have experienced recent price reductions. Remember, a scheduled appointment is necessary to attend open houses. And as a reminder, send a dozen roses to your mother, especially if you are fortunate enough to afford a Manhattan apartment.
Because of these challenges, Manhattan remains a buyer's market, particularly attractive to all-cash buyers. Prices are still moderately off from their pre-pandemic peaks and are down from the spike in sales that occurred just before the interest rate increases of 2022. However, with a limited pipeline of new development, rents continuing to rise, and Manhattan's appeal among affluent global buyers, investing in Manhattan property remains a sound choice, with all neighborhoods on the island likely to appreciate over time.
Find below our latest listings with open houses scheduled. They include some newly-listed properties and units that have experienced recent price reductions. Remember, a scheduled appointment is necessary to attend open houses. And as a reminder, send a dozen roses to your mother, especially if you are fortunate enough to afford a Manhattan apartment.
In this article:
Newly-listed apartments with open houses
460 West 23rd Street, #1A
$650,000
Chelsea | Cooperative | 1 Bedroom, 1 BathOpen House: Saturday, May 11, 2024
460 West 23rd Street, #1A (Compass)
39 West 84th Street, #3B
$650,000
Central Park West | Cooperative | Studio, 1 BathOpen House: Saturday, May 11, 2024
39 West 84th Street, #3B (Brown Harris Stevens Residential Sales LLC)
Turtle Bay Towers, #15L
$875,000
Turtle Bay/United Nations | Condop | 1 Bedroom, 1 BathOpen House: Saturday, May 11, 2024
Turtle Bay Towers, #15L (Serhant LLC)
98 Bond Street, #5
$1,350,000
Boerum Hill | Condop | 2 Bedrooms, 1 BathOpen House: Sunday, May 12, 2024
98 Bond Street, #5 (Douglas Elliman Real Estate)
Archive Lofts, #603
$1,450,000
Lenox Hill | Condominium | 1 Bedroom, 1 Bath | 740 ft2Open House: Friday, May 10, 2024
Archive Lofts, #603 (Corcoran Sunshine Marketing Group)
The Clifton House, #9C
$1,549,000
Broadway Corridor | Cooperative | 2 Bedrooms, 2 BathsOpen House: Sunday, May 12, 2024
The Clifton House, #9C (Douglas Elliman Real Estate)
290 Sixth Avenue, #2KL
$2,500,000
Greenwich Village | Cooperative | 3 Bedrooms, 2 Baths | 1,700 ft2Open House: Saturday, May 11, 2024
290 Sixth Avenue, #2KL (Compass)
The Gramercy, #8AR
$2,995,000
Gramercy Park | Cooperative | 3 Bedrooms, 2 BathsOpen House: Sunday, May 12, 2024
The Gramercy, #8AR (Compass)
22 West 96th Street, #45
$3,495,000
Central Park West | Townhouse | 3 Bedrooms, 2.5 BathsOpen House: Saturday, May 11, 2024
22 West 96th Street, #45 (Corcoran Group)
39 North Moore Street, #2A
$3,550,000
Tribeca | Condominium | 2 Bedrooms, 2 Baths | 1,946 ft2Open House: Saturday, May 11, 2024
39 North Moore Street, #2A (Compass)
The Cortland, #20AB
$23,000,000
Chelsea | Condominium | 4 Bedrooms, 6+ Baths | 4,603 ft2Open House: Schedule an Appointment
The Cortland, #20AB (CORE Group Marketing LLC)
Newly-reduced listings with open houses scheduled
103 East 84th Street, #PHD
$225,000 (-40%)
Carnegie Hill | Cooperative | Studio, 1 BathOpen House: Friday, May 10, 2024
103 East 84th Street, #PHD (Douglas Elliman Real Estate)
150 East 61st Street, #5K
$380,000 (-10.6%)
Lenox Hill | Condop | Studio, 1 BathOpen House: Sunday, May 12, 2024
150 East 61st Street, #5K (Corcoran Group)
242 East 25th Street, #10A
$400,000 (-11.1%)
Gramercy Park | Condop | 1 Bedroom, 1 Bath | 720 ft2Open House:Schedule an Appointment
242 East 25th Street, #10A (Compass)
67 Park Avenue, #8E
$499,000 (-9.3%)
Murray Hill | Cooperative | 1 Bedroom, 1 Bath | 715 ft2Open House: Sunday, May 5, 2024
67 Park Avenue, #8E (Compass)
401 East 65th Street, #12F
$790,000 (-8.0%)
Lenox Hill | Cooperative | 2 Bedrooms, 1 BathOpen House: Saturday, May 11, 2024
401 East 65th Street, #12F (Compass)
The Gramercy House, #15L
$995,000 (-9.5%)
Gramercy Park | Cooperative | 1 Bedroom, 1 Bath | 975 ft2Open House: Saturday, May 11, 2024
The Gramercy House, #15L (Compass)
233 West 21st Street, #6B (Douglas Elliman Real Estate)
48 East 83rd Street, #GARDEN
$2,000,000 (-28.6%)
Carnegie Hill | Cooperative | 2 Bedrooms, 2 BathsOpen House: Saturday, May 11, 2024
48 East 83rd Street, #GARDEN (Serhant LLC)
Halcyon, #15F
$2,325,000 (-28.6%)
Midtown East | Condominium | 2 Bedrooms, 2 Baths | 1,443 ft2Open House: Sunday, April 28, 2024
Halcyon, #15F (Engel & Volkers New York Real Estate LLC)
300 East 64th Street, #7H
$2,395,000 (-13.9%)
Lenox Hill | Condominium | 2 Bedrooms, 2.5 Baths | 1,658 ft2Open House: Sunday, May 5, 2024
300 East 64th Street, #7H (Douglas Elliman Real Estate)
1165 Fifth Avenue, #4A
$3,000,000 (-7.7%)
Carnegie Hill | Cooperative | 3 Bedrooms, 3 BathsOpen House: Sunday, May 12, 2024
1165 Fifth Avenue, #4A (Compass)
325 West 52nd Street, #PHG
$3,000,000 (-14.3%)
Midtown West | Cooperative | 4 Bedrooms, 4 Baths | 2,700 ft2Open House: Friday, May 10, 2024
325 West 52nd Street, #PHG (Douglas Elliman Real Estate)
2 Cornelia Street, #10041005
$5,500,000 (-15.4%)
Greenwich Village | Condominium | 4 Bedrooms, 3.5 Baths | 2,552 ft2Open House: Monday, May 13, 2024
2 Cornelia Street, #10041005 (Serhant LLC)
The Police Building, #3DE
$6,300,000 (-18.2%)
NoLiTa/Little Italy | Cooperative | 3 Bedrooms, 3 BathsOpen House: Saturday, May 11, 2024
The Police Building, #3DE (Douglas Elliman Real Estate)
Would you like to tour any of these properties?