Manhattan Market Report | Q1 2016

  34 East 74th Street New York, NY, 10021

Market Highlights

The 1st Quarter of 2016 was much like the 4th Quarter of 2015 – market price measures were pushed to record high levels because of a heavy influence by closings at new construction condos.

  • The average sale price of all recorded Manhattan sales in the 1st Quarter of 2016 was $2,112,000 which is 5% higher than prior quarter and 16% greater than one year ago.
  • Over the 1st Quarter of 2016 there were 79 ultra-luxury sales, 25% more than prior quarter and nearly equal with prior year.
  • Inventory shortage persists in the lower price tiers with units under $1mil at 3.2 months supply and units under $2mil at 4.9 months supply.

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80 Columbus Circle Apt 69A New York, NY, 10023

The Residences at Mandarin Oriental, Apt 69A

Masterpiece home designed by the legendary Robert A.M. Stern, one of today’s foremost global architects is located at the world renowned The Residences at Mandarin Oriental, New York.

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174 East 70th Street New York, NY, 10021

174 East 70th Street

Through a gated entrance, on a beautiful tree lined townhouse block, sits 174 East 70th, a pristine, elegant yet warm and inviting townhome.

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140 Franklin Street PHA New York, NY, 10013

Sprawling Penthouse in Prime TriBeCa

Perched atop 140 Franklin Street, a full service, 24 hour doorman boutique condominium in prime Tribeca, Penthouse A offers the delights of luxury living on a grand scale.

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