Fifty-two sales were recorded in New York City over the last seven days, slightly up from the previous week, according to real estate site SteetEasy.
The sale of the week was an entire building on a prime spot on the Upper East Side. Sold for $17.25 million this 13,734-square-foot building was signed off on May 10. Located at 122 E. 78th St., the building has 14 units on five floors, coming out at $1,256 per square foot. The sellers made a few extra pennies on this building, buying it in 2008 for $13.2 million. The owners before that had bought it in 2006 for $8 million.
Very close by was the biggest residential sale of the week—a co-op at 910 Park Ave. For $8.25 million the new owner of this place will get four bedrooms and four and a half bathrooms in a white glove building and only one other apartment on the same floor. It’s a short distance from many of the finest art and culture establishments in the city, and a short hop to Central Park.
The least expensive residential property that wasn’t a $10 house shuffle was a two-family house in Fresh Meadows, Queens, that sold for $100,000. That’s a price per square foot of $79.
Manhattan had 21 recorded sales last week. The highest priced residential sale went to 910 Park Ave. on the upper East Side for $8,250,000, as mentioned above.
Hovering near the $1.5 million mark were three sales—condos in Clinton and the Upper West Side both selling for $1.6 million. The Clinton condo is 168 square feet larger at 1,033 square feet. A co-op on the Upper East Side sold for $1,440,000. This three bedroom, three bathroom place gives the buyer a spacious 1,325 square feet at 144 E. 84th St.
The cheapest Manhattan dwelling this week was a condo at 610 Cathedral Parkway, selling for $240,000. Seems like a steal when another similar unit sold for more than $1 million in February.
Queens blasted past Brooklyn for number of sales this week with 16 recorded sales. Houses and co-ops made up all sales. The most expensive by a long shot was a three-family house in Astoria that sold for $960,000. Apart from this sale, nothing reached beyond the $400,000 price point.
Brooklyn faltered this week, only recording seven sales; down from 13 the previous week. A co-op at 420 12th St., Park Slope, took out top spot, selling for $825,000. Two others in this building, Ansonia Court, are currently in contract and one more is up for grabs on the listings.
A few houses sold in Brooklyn: one two-family place in Canarsie sold for $600,000, and a three-family place sold for $578,500 in Bushwick.
Two Kensington co-ops along Ocean Parkway just sneaked past the $200,000 mark in their transactions.
There was only a single sale in the Bronx this week. It was a two-family house on Manida St for $320,000. The price per square foot worked out to be $121, with the total size being 2,640 square feet.
Staten Island picked up the pace and after several weeks of only one sale, there were two this week—a three-family house in Ormsby Ave., and a one-family place in Nash Court. The Ormsby Court dwelling sold for $840,000 for 6,000 square feet, and the Nash Court place sold for $440,144 for 1,420 square feet.
Listings
Sales listings this week were up a fraction, with 23,257 properties listed with an address for sale on StreetEasy—884 added in the last seven days.
The median price across all boroughs is $650,000, median size is 1,197 square feet, and median price per square foot is $700.
Living on Union Square just opened up, with 15 Union Square W., putting 14 condos on the market. Five are already in contract, with nine left to sell. Some of the comments about this building have focused on the fishy smell the market stall holders leave behind three days a week, and some have focused on the vibrancy of the neighborhood and closeness to express trains. For between $2,625,000 and $6,510,000, not that many people will get to choose to live here—that’s more than $2,200 per square foot on average.
The building is interesting. It has the boxy glass overtake of the Tiffany & Co.’s 19th century headquarters, designed by architect Perkins Eastman, with interiors finished by renowned designer Vicente Wolf.
Manhattan: Median price: $970,000 Median size: 1,081 ft² Median price per ft²: $1,028
Brooklyn: Median price: $525,000 Median size: 1,404 ft² Median price per ft²: $404
Queens Median price: $420,000 Median size: 1,000 ft² Median price per ft²: $501
Bronx: Median price: $299,000 Median size: 1,079 ft² Median price per ft²: $282
Staten Island: Median price: $482,200 Median size: 1,894 ft² Median price per ft²: $279
For $1.5 million you have 60 listings to choose from, although 12 are currently in contract.
A couple of those newly listed are deep downtown at 55 Wall St. Here, we have Cipriani Club residences for those who enjoy the extra pampering. Pitched as the “perfect pied-a-terre or investment properties,” the club’s private restaurant and bar, wine cellar, library, barber shop, fitness center, spa, garden, and butler service are extensions of a Cipriani Residence and Cipriani Club membership.
The Harlem penthouse at 203 W. 122nd St. is a looker. This is a three bedroom, three bathroom home on the top two floors of a townhouse built in 2005. The kitchen is marketed as having “sleek and offers white foil custom cabinetry and a large Wolf range.” The master suite has a marble bath with a deep soaking tub and separate shower stall.
The median size for $1.5 million in Manhattan will provide a buyer with 1,494 square feet, at a median price of $1,003 per square foot.
Rentals
If you’re in the market to rent, there are currently 10,004 apartments listed with an address on StreetEasy.
The median price across all five boroughs is $2,700, a median size of 826 square feet, and the median price per square foot is $48.
In Manhattan for $4,000 per month you have the choice of 81 rentals. Among the newest listed for this price on StreetEasy is a couple of apartments at 47 E. 64th St. A one bedroom, one bathroom, and a one bedroom, one and a half bathrooms are both vacant in this prewar doorman building. No pets. The 6, N, R, W, and F subway lines are all within easy walking distance.
New Developments
Median values for new developments or conversions vary per neighborhood. For a two-bedroom place, the median price in Manhattan is $1,519,500, working out at $1,178 per square foot. For the same in Brooklyn, the price is $629,500, at $655 per square foot. In Queens the median price is $625,000 for a two-bedroom place, and the price per square foot is $589. In the Bronx, the median price is $525,000, at $469 per square foot.
Across all new developments in all boroughs, the two-bedroom places are most prolific, with 2,168 listings.
Four buildings that saw price moves in the last week include 18 decreases at 80 Metropolitan Ave. in Williamsburg and 10 decreases in the Toren, Downtown Brooklyn. Tribeca Summit dropped price on six of their units, and the Lineage in Clinton Hill, dropped six and raised two.
The building generating the liveliest discussion this week is 580 Carroll St., in Park Slope. Some comments express unhappiness with the lack of kitchen space and the glassy bedrooms.
