Most of us spent the past year wondering what effect the tumultuous events would have on the real estate market, and some data has emerged. According to CityRealty data (see below), the average closing price per square foot paid for a residential condo in Manhattan has fallen 8% since February 2020. In the same time period (February 2020 - February 2021), the average price paid for a condo fell 7%, while the average price paid for a co-op fell 21%. Meanwhile, there were 23% fewer condo sales recorded in February 2021 compared with February 2020. Co-op sales volume was down 18% in the same time period.
However, the past few weeks have seen a strong number of contract signings. This signifies brighter days ahead, but prices still appear to be inching downward. In this buyer's market, we take at a number of recently listed bargains in coveted sections of Manhattan and Brooklyn that might inspire future purchases.
However, the past few weeks have seen a strong number of contract signings. This signifies brighter days ahead, but prices still appear to be inching downward. In this buyer's market, we take at a number of recently listed bargains in coveted sections of Manhattan and Brooklyn that might inspire future purchases.
In this article:
All images of 335 West 38th Street via Douglas Elliman
From the Listing: This spectacular fully-built space occupies the entire fifth floor of a classic 1920s textiles factory building, firmly rooted in the history of the Garment District while blending harmoniously with the exciting new construction of this booming neighborhood. The flexible space has minimal structural columns, 11' ceilings, a combination of hardwood floors and polished concrete floors, sprinkler system and two entrances, serviced by a passenger elevator and a freight elevator (in quintessential loft style, each is keyed and opens right into the space). Perhaps most impressively, the loft offers huge windows. This massive and vibrant space simply oozes with character that new construction can never replicate. See floor plan and full details here.
All images of 341 West 29th Street via Sotheby's
From the listing: This 3-bedroom, 2-and-a-half bathroom apartment is evenly divided between voluminous, open entertaining and living space on the parlor floor and a secluded garden floor containing three bedrooms and two full bathrooms. Sitting under nearly 12' ceilings, the parlor floor has a large, south-facing kitchen that flows into dining and living areas, bookended by exposed brick walls and opening onto a 600-square-foot private garden. Below, the garden floor contains three bedrooms, including a private, south-facing primary suite with a walk-in closet contiguous with a four-fixture primary bathroom. See floor plan and full details here.
All images of The Brooklyn Trust Company via Halstead
From the listing: Residence 3B is the only home on the third floor of the Brooklyn Trust Company Building and spans the entire northeastern section of the building providing ultimate privacy. The expansive 2,798-square-foot unit consists of two sections: the bedroom wing and the living space with stained white oak flooring found throughout. The right-hand foyer leads to the striking open living, dining and kitchen space with 10' ceilings.
The kitchen is state of the art with custom cabinetry, Quartzite countertops, a Sub-Zero fridge, Wolf stovetop, Wolf microwave, Liebherr wine cooler, and Bosch dishwasher. See floor plan and full details here.
All images of Tribeca Space via Warburg Realty
From the listing: This is the quintessential Tribeca loft—replete with exposed brick and soaring ceilings. Renovated and in excellent condition, this charming home is currently configured as a 2-bed, 2-bath with an oversized living/dining room that can easily accommodate dinner for 12 and features 4 massive windows overlooking Murray Street. The flexible layout easily allows for a third bedroom or second office if desired. The marble, open kitchen with a large center eat-at island features Kenya Black counters and waterfall, top-of-the-line appliances and custom built-in cabinets for an abundance of storage. See floor plan and full details here.
All images of Vetro via Corcoran
From the listing: With over 2,000 square feet of interior space and a 550 square foot terrace, this is your oasis in the city! Apartment #1A offers bright floor-through living with a focus on your outdoor space, and a dramatic bonus room with 15'6" ceilings. The two bedroom home lives like a townhouse, with the convenience of a condominium. Enter the large 25' living/dining room that faces south toward sunny 31st Street. Your beautiful 550-square-foot terrace is the focal point of the first floor, and will be your retreat in the city. See floor plan and full details here.
All images of The Tribeca via Halstead
From the listing: New to market is this expansive 1,361-square-foot combined 2 bedroom (possible three-bedroom or office) 2 bathroom apartment with open Western views, looking over Washington Market Park and one of the best public elementary schools in Manhattan. The apartment boasts a 34-foot-long L-shaped living room, large windows, loads of closet and storage space, and a laundry room! See floor plan and full details here.
All images of Academy House via Corcoran
From the listing: Entertain in style (or work from home) in this elegant prewar penthouse apartment in Midtown West. The key locked elevator opens directly into this full-floor 1,554-square-foot, loft-like magnificent home. Features include high ceilings with a grand and open living room with a large dining area, absolutely perfect for entertaining or just relaxing. The home also features classic crown moldings and ebony diagonally-set hardwood floors throughout, beautiful custom French doors leading into the primary bedroom, and two beautifully renovated bathrooms. See floor plan and full details here.
All images of 265 Water Street via Brown Harris Stevens
From the listing: This unusual loft has both charm and possibilities. There are many original details; lovely maple floors, columns and beams. The living room is big and bright, with French doors and a new hot water heater and heating system. The maintenance includes gas for heat and cooking. Built in 1879, the building, as is common with its neighbors, does not have high ceilings, but other units have exposed the beams for a lovely effect. See floor plan and full details here.
All images of Park Circle at Prospect Park via Compass
From the listing: This 1428-square-foot home is large enough to convert to a three-bedroom apartment (see alternative floor plan) and offers you the convenience of living across from Prospect Park. As you enter, you are greeted by a spacious and warm living and dining area with gorgeous hardwood floors throughout.
Comfortable and quiet, this space is ideal for hosting a dinner party or relaxing at home. Enjoy breakfast on your well-sized balcony with west views of the Verrazano Bridge. The renovated L-shaped kitchen boasts Cambria quartz countertops, custom solid wood cabinetry and GE/Bosch stainless steel appliances and cooking gas is included in the common charges. See floor plan and full details here.
All images of 658 Park Place via Corcoran
From the listing: Have it all at 658 Park Place: a legal one bed, one and a half bath duplex with a sprawling private outdoor oasis and lower level featuring a spacious rec room, and another windowed room currently being used as a second bedroom! Upon entering, a long foyer opens up into a lovely, windowed kitchen with an island and pantry and full suite of stainless-steel appliances including a dishwasher. The large and lush private backyard is accessible directly from the living room and features a large patio and two additional tiers for gardening and entertaining! The building is pet friendly with a J51 tax abatement through 2024. See floor plan and full details here.
All images of The John James via Keller Williams
From the Listing: Welcome to the John James Condominium! This recently gut-renovated three-bedroom apartment has great light from the spacious living room and main en suite. Entertain in your large, open kitchen which features a peninsula, abundant cabinet space, stainless steel appliances and marble countertops. Additional apartment details include hardwood floors, recessed lighting and two beautiful, glass-tiled bathrooms. A video intercom has also been installed along with upgraded electric and plumbing throughout the building. See floor plan and full details here.
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All images of 20 Sutton Place South via WBMay
From the Listing: At a sprawling 1,100 square feet, this spacious one-bedroom, one-bath has all the bells and whistles you could ask for, including built in Bose sound system, two wireless Samsung OLED TV's, windowed kitchen with Sub-Zero wine cooler, Fischer Paykel refrigerator, Miele dishwasher, granite floors and Silestone countertops and window sills and quiet, sunny southwest views of treetops, open skyline and neighboring tennis court. A few added bonuses include a Bosch washer/dryer and Japanese soaking tub. The cooperative boasts a top notch staff, including live-in super, fulltime door staff, concierge, beautiful roof deck with panoramic river views, and fitness room. See floor plan and full details here.
All images of 42 Rochester Avenue via Corcoran
From the listing: Unit 3A showcases an impeccably laid out, full floor, 3-bedroom, 2-bathroom unit currently configured as a 2-bedroom with a grand wall of floor-to-ceiling Pella windows that open into a balcony with views soaring over Brooklyn. 3A features a huge living and dining room, a primary bedroom with an en suite bathroom and balcony, a huge closet and second bedroom facing west.
This modern, open floor plan with white oak hardwood floors and state of the art kitchens featuring Bosch and Blomberg appliances. See floor plan and full details here.
All images of Bleecker Court via Douglas Elliman
From the listing: The combination of affordability and loft features set in a full-service building can be found in this beautifully renovated home! Enter into a gracious entry foyer and you'll be immediately impressed by the soaring ceilings and beautiful hardwood floors.
The stunning open kitchen is finished in stone counters and stainless steel appliances. A large separate dining area easily accommodates six for dinner. Hang out in the large living room with soaring ceilings and enjoy dramatic views of the cityscape over Bond Street and the Beaux-Arts architecture of Noho. See floor plan and full details here.
All images of 181 East 73rd Street via Compass
From the listing: Have it all in this fantastic 1-bedroom /1-bathroom apartment on the Upper East Side!
A gracious entry foyer leads to the fully renovated open Kitchen. The renovation includes black quartz counter with stainless steel appliances, turquoise backslash and finished with a maple wood cabinetry.
Great for entertaining, the open layout includes a large living room with east-facing views. Enjoy a generous dining area in the living room which overlooks the tree-lined view.
French doors separate the entertainment space from the bedroom suite, which offers an en suite bath, lovely eastern views, and plenty of for a king-size bed. See floor plan and full details here.
All images of 345 West 55th Street via Douglas Elliman
From the listing: Beautiful south-facing one-bedroom in Midtown West's most coveted and beautiful block. Recently renovated with brand new appliances, terrific counter space and a windowed eat in kitchen, this large one bedroom is ready to move in to and enjoy. Newly constructed luxurious bath, original pre war detail throughout and part-time doorperson makes this lovely apartment the home you've been waiting for! See floor plan and full details here.
All images of 345 Clinton Avenue via Corcoran
From the listing: This huge apartment features an L-shaped living / dining room that is easily converted to a nice size second bedroom. The large living room offers enough space for a dining table.
Windows in this apartment flood it with light, having south and east exposures. There are parquet floors throughout, abundant closet space and built in shelving.
The windowed kitchen has solid wood cabinets with abundant space and separate closet / pantry, stainless appliances including dishwasher, tile floor and granite counter tops. See floor plan and full details here.
All images of The Gaylord via Compass
From the listing: A quiet and oversized one bedroom in a well-managed, financially solid, luxury cooperative in the heart of Midtown East! Upon entering this residence, a large foyer which flows into a living room generous enough for a separate dining area, an entertainment unit, and a home office. The spacious living room has track lighting, through the wall AC unit, and oversized window. 251 East 51st Street is a full-service cooperative with very low maintenance, 24-hour friendly doorman, a resident manager, a fully equipped health club with small fee, including Peloton bikes, a fully landscaped roof deck, and a garage with reduced rates for residents. See floor plan and full details here.
All images of The Eastbrook via Compass
From the listing: Move right into this quiet and spacious one bedroom home located on a tree lined street in the heart of the Upper East Side.
A proper foyer welcomes you into the expansive 29-foot-long living and dining area that is both bright and pin-drop quiet with courtyard views. Off of the dining area you will discover the beautifully renovated contemporary kitchen appointed with white quartz countertops, glass mosaic backsplash, floor to ceiling cabinetry with a separate pantry, and a suite of high-end appliances including a Bertazzoni range and microwave, Bosch dishwasher, and Blomberg refrigerator. See floor plan and full details here.
All images of The Palm via Compass
From the listing: light, pin-drop quiet and open views north can be yours in this gracious 886-square-foot one-bedroom home. The open floor plan provides the flexibility of creating a home office or den. Tastefully renovated and lovingly maintained, you'll find hardwood floors throughout, with stainless steel appliances, granite countertops and tile backsplash in the modern kitchen.
The spacious bath has been completely renovated. See floor plan and full details here.
All images of 525 East 84th Street via Level Group
From the listing: Nestled on a tree lined street within only half a block from Carl Schurz Park and the East River Promenade, unit #4A is 675 square feet of natural light!
The floorplan flows fabulously, and the full-sized living room has 9'6" ceilings and two large southern windows.
You will find more windows in the kitchen and dining area, which is also a great space for a comfortable-bright work from home office.
The bedroom is generously spacious, light and roomy too, with two windows and a large walk-in closet. See floor plan and full details here.
All images of 788 Ninth Avenue via Corcoran
From the listing: This quiet and spacious apartment features a large living room, a dining area and space for a home office. The charming, updated windowed kitchen has stainless steel appliances, a quartz countertop and a dishwasher.
The bedroom easily accommodates a queen bed, the bathroom is fully renovated, and the unit has good closet space, hardwood floors and through-wall a/c. See floor plan and full details here.
All images of Convention Overlook via Charles H. Greenthal
From the listing: Huge and sunny alcove studio apartment at Convention Overlook in the new hip Hudson Yards area. Can be easily converted to a on-bedroom with spacious living room. This full-service building features 24/7 doorman, live-in super, laundry room, storage, bike room, and landscaped and furnished roof deck with 360-degree views of the city. Sponsor unit - no board approval required. See floor plan and full details here.
All images of The Murray Hill Crescent via Douglas Elliman
From the listing: South-facing sun-flooded open alcove studio can easily convert to a one bed with a home office. A wall of south-facing windows offers sun, light, and spectacular city and river views. The Murray Hill Crescent is a 24-hour doorman full service luxury co-op which has undergone a full renovation of the common spaces, without any increases in maintenances or assessments. Residents love the friendly staff, with renovated lobby and hallways, large laundry room and lovely roof deck. 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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