At this time last year, many wealthy New Yorkers had decamped to suburban houses, and some experts were wondering if the coronavirus pandemic would spell the end of Manhattan and city living. But between encouraging vaccination rates and the reopening of Broadway, offices, schools, and other city institutions, people want to live in New York again, and numbers are emerging to bolster that idea. Mayor Bill de Blasio pointed out that New York saw the least fluctuation in prices among the 20 largest cities in America, and that the values of homes are appreciating again.
Industry experts throughout the city concur with the mayor's assessment that the real estate market is back to pre-pandemic levels. Compass' Q3 2021 market report notes that Manhattan sales volume increased a dramatic 215 percent year-over-year, and that a combination of low interest rates and an overheated rental market was inspiring consumers to buy. Additionally, Elliman's market report found that sales reached their highest total in over 32 years of tracking, and made note of intense bidding wars for co-ops and luxury listings alike.
Industry experts throughout the city concur with the mayor's assessment that the real estate market is back to pre-pandemic levels. Compass' Q3 2021 market report notes that Manhattan sales volume increased a dramatic 215 percent year-over-year, and that a combination of low interest rates and an overheated rental market was inspiring consumers to buy. Additionally, Elliman's market report found that sales reached their highest total in over 32 years of tracking, and made note of intense bidding wars for co-ops and luxury listings alike.
In this article:
"New York has always been a place to be and will be even more in the future, and that's why those values remain so high." - Mayor Bill de Blasio
As of this writing, CityRealty listings show 9,773 condos, co-ops, condops, and townhouses for sale in Manhattan, Brooklyn, and parts of Queens and the Bronx. Since last week, Manhattan's median condo price has slightly risen to $2,297,192, or $1,814 per square foot. The median Manhattan co-op price experienced a similar small uptick to $899,542.
From October 5-11, 2021, a total of 357 sales listings throughout New York had their prices reduced. A full, sortable chart of the past week's discounts may be found below.
From October 5-11, 2021, a total of 357 sales listings throughout New York had their prices reduced. A full, sortable chart of the past week's discounts may be found below.
Under $2M
All images of Beekman Town House via Brown Harris Stevens
From the Listing: Enjoy the peacefulness and luxury of living on the 10th floor of a full-service building designed by Emery Roth in a priceless location. This magnificent home offers separate kitchen with dishwasher, abundant closet space, A/C units through the wall, wood floors throughout, open north exposures offering great natural light. The primary bedroom can fit a king-sized bed, and the living room can be divided to accommodate a comfortable dining area. This condo has unmatched potential for design creativity and a layout that utilizes every single inch of the apartment! See full details here.
All images of Greenwich Club via Elegran
From the Listing: Corner one-bedroom with open southern and western exposure. This sun-filled home has been updated with storage and closets galore. Enjoy views of the Hudson River all day from your home or enjoy the five-star amenities package 88 Greenwich offers. The home is in excellent condition with a modern kitchen and top-of-the-line appliances (Sub-Zero refrigerator, Viking stove and microwave, and GE dishwasher). See floor plan and full details here.
323 West 43rd Street via Douglas Elliman
From the Listing: Step in to this renovated and inviting Midtown jewel with windows in every room and feel right at home. The apartment is in excellent condition and move-in ready. At only two flights up in a walk-up, it's a breeze. Laundry in building. Income restrictions apply: $137,940 for one occupant, $157,575 for two occupants. See floor plan and full details here.
All images of 325 Lex via Compass
From the Listing: Step into sunshine in this corner unit with north and east exposures. This pristine one-bedroom features floor to ceiling windows, wide plank walnut floors, and direct views of the iconic Chrysler Building. The open kitchen is outfitted with some of the finest appliance brands including Liebherr, Bosch and Bertazzoni. The convenient Midtown address puts transportation at your fingertips, as well as great shopping on Fifth Avenue, restaurants, and the Grand Central Market. See full details here.
All images of 241 East 76th Street via Corcoran
From the Listing: Situated high on the 9th floor of this full-service cooperative, this sunny and spacious one-bedroom, one-bathroom home has it all. One enters the apartment into a gracious foyer adjacent to the larger than typical living/dining space, and a fully equipped kitchen. The corner bedroom faces north and west, with a wall of built-in closets. Very large picture windows, beautifully finished parquet floors, and ample closet space complete this well-priced first offering. See floor plan and full details here.
All images of 368 West 23rd Street via Compass
From the Listing: Loft-like two-bedroom, one-bath corner unit with north and west exposures and nearly 10-foot ceilings! Just one flight up, this apartment features an in-unit washer and dryer, hardwood floors throughout, a wood-burning fireplace, triple-pane soundproof windows in every room, through the wall A/C, and a 68-square-foot balcony perfectly proportioned for entertaining and enjoying dinner with friends as the sun sets. The bedrooms are well proportioned with oversized closets. See full details here.
All images of 50 Sutton Place South via Douglas Elliman
From the Listing: Welcome to 50 Sutton Place South, Apartment 16AB, one of Sutton Place's most desirable co-ops. Located on a high floor, the elegant gallery opens into an enormous living and entertaining space comprised of the living room, formal dining room and east balcony- stunning river views! This beautiful apartment is flooded with light from the east and west floor-through layout. Completing the home are two bedrooms with a library (or third bedroom), a home office/staff room/ fourth bedroom, 3 full baths and a generous windowed kitchen. The move-in ready home has a wonderful flow and is outfitted with abundant closets throughout. See floor plan and full details here.
All images of Lumiere via Compass
From the Listing: Gorgeous one-bedroom duplex townhouse in a luxury condominium with its own private outdoor garden facing south to the building's Zen gardens. The living floor of the townhouse features an open kitchen with stainless steel appliances and stone counter tops, a spacious living and dining area, a large half bath and a deep coat closet. The primary bedroom floor has an en-suite bathroom, featuring double sinks with a deep Acquatics soaking tub and a separate rain shower. The residence boasts floor-to-ceiling windows, bamboo wood floors, an in-unit washer/dryer, individually controlled central air and heating. See floor plan and full details here.
All images of Bryant Park Tower via Compass
From the Listing: Combination corner unit faces northeast with amazing city views including Bryant Park, Central Park, the Chrysler, and Empire State Buildings, as well as the East River. Interiors boast a generous open layout with modern fixtures, bamboo floors, tall ceilings, and oversized windows that fill the space with natural light. No stone was left unturned in the stunning, open chef's kitchen with stunning white marble countertops juxtaposed against oak cabinets, soft-close drawers, and glistening marble backsplash, along with stainless steel appliances. $100,000 towards common charges and taxes. See floor plan and full details here.
All images of West Village Houses via Corcoran
From the Listing: Exceptionally large one-bedroom, one-bath apartment with glorious western views over the Hudson River and eastern views over the shared, beautifully landscaped garden. The apartment offers a well-proportioned living room with dining alcove, a renovated kitchen with granite countertops, which has the option of being opened up to the living room, renovated bathroom and enormous closet space, including a walk-in closet in the bedroom. The large bedroom can accommodate a king size bed and additional furniture. See full details here.
All images of 100 Remsen Street via Corcoran
From the Listing: MOTIVATED SELLER! Located on the top floor of the building, this charming one-bedroom is 100 Remsen's crown jewel. With south and west exposures this corner apartment offers incredible light and exceptional panoramic views of Brooklyn Heights and New York Harbor. The gracious foyer leads to a large living room, separate dining area and a windowed kitchen w/stainless appliances. The versatile dining room space can easily be transformed into a separate bedroom; the primary bedroom is spacious and bright with a separate bathroom. The apartment offers a large walk-in closet and beautiful parquet floors throughout. See floor plan and full details here.
$2M+
All images of Pierhouse at Brooklyn Bridge Park via Serhant
From the Listing: Loft-like duplex unit boasts incredible ceiling heights and double height windows with vistas of Manhattan, the Brooklyn Bridge, the East River and the Statue of Liberty. The upper living area is currently arranged as a home office and lounge, with custom millwork cabinetry for two desks and a TV console with storage. Phillip Jeffries wallcoverings and a custom Christopher Guy walnut mirror adorn the space. Overlooking the lower level, it provides separation but still enjoys the marvelous light and views of the western facing windows. Descending the stairs to the main level of the home, the large, open living space is bright and airy with ceiling heights over 18.5'. An impressive John Pomp chandelier highlights the space. See floor plan and full details here.
All images of The Cammeyer via Compass
From the Listing: A spectacular corner loft at The Cammeyer, Residence 3F is a 1,972-square foot, 3-bedroom, 2.5-bathroom home flooded with natural light through oversized windows facing north and west. With a stunning chef's kitchen, pre-finished white oak floors and 10-foot ceilings, this home offers generously sized rooms and abundant storage. All bedrooms face the landmarked church across 20th Street, while the living room affords views of the Empire State Building. See floor plan and full details here.
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All images of 260 Park Avenue South via Douglas Elliman
From the Listing: Entertain in the 1,000-square-foot living room downstairs, rest in the 1,000-square-foot sleeping quarters upstairs, and work in the 500-square-foot home office of this Gramercy duplex. On the first floor, double-height beamed ceilings compliment the chef's kitchen with Sub-Zero, Viking, and Bosch appliances. The residence boasts a dramatic grand staircase that leads to sleeping areas. On the second floor, each bedroom has its own private bathroom, and the home office is positioned for optimum privacy. See floor plan and full details here.
All images of 448 West 25th Street via Vandenberg Real Estate
From the Listing: Located just a short walk from the High Line and Hudson Yards, this Chelsea multi-family townhouse is a unique find. Boasting twenty feet of width, it contains an owner's duplex with three gracious bedrooms and an amazing rear garden. The third and fourth stories host floor-through, free-market apartments. They are well-appointed and delightfully sunny. During a 2017 renovation, the front facade and roof were replaced, and an extension was added to the parlor and garden floors. The owner's duplex was also completely refreshed with an open layout, new kitchen, and industrial architectural elements. See floor plan and full details here.
All images of Metropolitan Tower via Compass
From the Listing: The 2-bedroom, 2.5-bathroom apartment in Metropolitan Tower offers floor to ceiling windows and provides glorious natural light all day. Wonderful Central Park and cityscape views from every room, including the large dining area with ample seating for six. The apartment has a washer and dryer. See floor plan and full details here.
All images of 850 Park Avenue via Corcoran
From the Listing: This gracious pre-war classic 9 into an 8 room home, has been in the same family for over 40 years and offers its new owner the ability to create the home of their dreams. One enters the home from a semi-private landing into a large formal gallery, separating the capacious living room and dining room (which easily accommodates 12). The handsome library sits adjacent to a windowed eat-in kitchen, staff room, butlers pantry, and staff bathroom. The three well-proportioned bedrooms occupy the southern end of the apartment. The corner primary bedroom includes an en suite bathroom while the second and third bedrooms boast a Jack and Jill in between. 10-foot ceilings, a wood-burning fireplace, washer/dryer, original herringbone oak floors, large picture windows, and a private storage unit complete this incredible first time offering. See full details here.
All images of The Ramondo via Sotheby's International Realty
From the Listing: The first offering in more than 30 years, this rarely available, grand and exquisite, classic 8 room home on a high floor exudes elegance and grace. With 3 bedrooms and 3.5 en suite baths, this glamourous apartment has retained the rich prewar aesthetic that defines the style of its renowned architect Emory Roth with high ceilings, generous proportions and ample light. A highly demanded staff room is located off the lobby on the first floor that will be sold separately. The living room, dining room and library radiate from the entrance gallery, allowing for a seamless flow of grand entertaining. The light-filled living room is 16'9” x 28'7”, overlooks serene 74th Street, and is beautifully centered by a wood-burning fireplace. See full details here.
All images of 519 East 86th Street via Corcoran
From the Listing: Pre-war charm and an abundance of natural light create an excellent setting in this south-facing 4-bedroom, 3-bathroom plus home office residence, recently renovated from top to bottom using the highest quality materials and design. Enter the apartment gallery overlooking a sunken expansive living area. Bookshelves, architectural archways, and a coat room/office with sliding French doors greet you upon arrival. The newly updated kitchen with Caesarstone countertops features an L-shaped dining banquette, Fisher and Pakel refrigerator, Viking oven and microwave and Bosch dishwasher. Observe the main room while you cook and entertain. Classic hardwood floors, upgraded California Closets throughout, high-speed Wi-Fi system with multiple access points, Sonos sound system, interactive audio/video system, and Lutron lighting in every room of the apartment – timeless meets modern! See floor plan and full details here.
All images of Trump Palace via Douglas Elliman
From the Listing: At 3,205 square feet, this grand penthouse is originally a gracious 7-room simplex residence with six private balconies. The residence has been reimagined as a luxurious one-bedroom plus library but can be reverted to the original layout of three bedrooms plus a staff room. The keyed elevator doors graciously open to a private landing corridor with intricate marble floors and beautiful wood paneling. The south-facing Great Room measures 55 feet long with stunning 12-foot ceilings overlooking the New York City skyline. The well-proportioned living area is outfitted with parquet de Versailles wood flooring, a gas fireplace and two private balconies. Anchoring the great room is the home's library to the west with views of Central Park and the east-facing formal dining room. Both the library and dining room feature their own gas fireplaces and private balconies. See floor plan and full details here.
All images of 455 Central Park West via Compass
From the Listing: This extraordinary Central Park West duplex apartment features fully renovated 4 bedroom, 4.5 baths, and a large eat-in kitchen. A grand foyer opens to a beautiful staircase curving upward to the second floor. The breathtaking circular living room, lined with windows facing south and west with Central Park views, is truly a unique space (more than 1,100 square feet and 37 feet in diameter), with a spectacular 37-foot cathedral ceiling in one of the five turreted structures. The apartment has been completely renovated adding gorgeous walnut wide-plank floors throughout and numerous additional closet space for storage. The double windowed gourmet eat-in-kitchen was completely renovated with beautiful forest green granite on both the counter-tops and island along with all new high-end appliances and extra cabinet space. See floor plan and full details here.
All images of J.W. Marriott Essex House via Corcoran
From the Listing: Located in the exclusive tower of the Essex House Hotel, this lovely apartment offers soaring views of Central Park, the George Washington Bridge and Manhattan's East and West Side from large picture windows. In its current configuration, the unit has maximum use flexibility- to be split or combined, with two separate units perfect for corporate use, or a true two-bedroom residence. See full details here.
From the Listing: Singular co-op townhouse loft in the heart of historic Soho with five thousand square feet on five floors, currently configured with six bedrooms, three full baths, two half baths, and a finished basement! Five floors to reimagine living and access to a roof to the stars and views of the One World Trade Center, the Jenga Building, and the New York City sky. Twenty-two windows and two skylights flood the home with magical light from south-east and north-west exposures. The twenty-five foot wide home is presently divided into three-two bedroom apartments and a commercial space with a basement. The building has ten decorative fireplaces, giving the spaces wonderful homey character and feeling. Each floor has one thousand square feet and can easily be converted into a single family home, a mixed use home and office, home and commercial space, or kept as an income producing property. See floor plan and full details here.
All images of 941 Park Avenue via Compass
From the Listing: Open the door to Residence 4/5A through the semi-private landing, and you are immediately welcomed by a grand foyer and entrance gallery. Adjacent to the entry is an exquisite chef's kitchen equipped with all top-of-the line appliances such as a Sub-Zero wine fridge, Wolf range and cooktop burner, Sub-Zero refrigerator, Miele conventional oven, and custom cabinetry. Adjacent to the kitchen is the proper dining room which currently features herringbone wood floors, a gorgeous chandelier, and a stunning recessed ceiling with custom lighting and built-ins. The Grand Salon is tastefully accompanied by the finest details from architectural dream ceilings, wide-spread walls perfect for mounting your finest art and, a working wood-burning fireplace plus sun-soaking windows that boast views over Park Avenue. See full details here.
All images of East Winds via Brown Harris Stevens
From the Listing: Located in the heart of the Upper East Side, views abound in this condo as it opens up to a large living room and full dining room. There are stainless appliances, a Sub-Zero refrigerator, Bosch dishwasher, and open city views with a southern exposure in the windowed kitchen. The primary bedroom is separate from the other two bedrooms. The condo has a large home/office, mud/laundry room, balcony, closets galore, and pets are welcome. See full details here.
All images of The Hampshire via Serhant
From the Listing: Graced with sublime finishes and a prime Greenwich Village location, this gut-renovated convertible 2-bedroom, 1-bathroom co-op is a chic portrait of contemporary city charm. And with just under 11-foot ceilings, tall windows, and beautiful light during the day, the home has the feel of classic townhouse living. A welcoming foyer adorned with a spacious coat closet flows into a 35-foot-long open-concept living room, dining room, and kitchen. Two wood-burning fireplaces accented by ceppio de grey hearths punctuate the space. The kitchen is equipped with sleek leathered stone countertops and backsplashes, a cold-water filter, and a suite of fully-integrated high-end appliances from Wolf, Sub-Zero, and Miele. See floor plan and full details here.
All images of 520 East 86th Street via Compass
From the Listing: Richly-appointed, impeccably-crafted and renovated maisonette duplex in an upscale Upper East Side prewar cooperative is the epitome of luxury living. The main level entry foyer proceeds into sophisticated living/entertaining space graced by such stunning features as gleaming hardwood floors, hand-carved woodwork & finishes, airy wood-clad ceilings designed by former Columbia University campus architect and Architectural History professor Dean Telfer, tasteful built-ins, and a beautiful Tiffany style tile gas fireplace to gather around. Lounge or host guests in the formal living room, which seamlessly spills into the spacious light-bathed dining room across the way. See floor plan and full details here.
All images of 10 Orient Avenue via Compass
From the Listing: Situated on a quiet, coveted, tree-lined street in the heart of Williamsburg, this two family, double duplex townhouse is 25 feet wide, has 857 sqft of FAR and is zoned R6b and C2-4. 10 Orient has many original details that were revealed during the renovation. Honey-colored hardwood floors, tin ceilings and 4 decorative fireplaces were restored. Both kitchens have been updated with stainless steel appliances, disposals, black-granite slab countertops, dishwashers, and new sinks and fixtures. See floor plan and full details here.
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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