New York City Market Report | Q4 2015

TROPHY PENTHOUSE

Market Highlights

In the fourth quarter of 2015, median selling prices in the overall Manhattan real estate market rose 17% over the same period last year, according to data compiled by Vanderbilt Appraisal Company.

  • Price increases were most significant for condos in Upper West Side and Downtown neighborhoods, posting a 44% increase in average sales price for the Upper West Side and a 52% increase in average sales price for Downtown.
  • Sales activity increased in the middle price ranges of the market, where the number of total units sold was up 34% in the $3,000,000-to-$9,999,999 range year-over-year.
  • The ultra-luxury market, including all properties over $10,000,000, saw 62 sales in the fourth quarter of 2015, representing less than both prior quarter and the same quarter of 2014.

READ MARKET REPORT

Property Spotlight

Enjoy a selection of properties available in Manhattan and Brooklyn.

128 EAST 73RD STREET

128 East 73rd Street

This exceptionally wide red brick Neo-Georgian mansion is ideally situated on one of the Upper East Side’s most charming and architecturally significant townhouse blocks.

View Listing Details >>

737 PARK AVENUe

737 Park Avenue

Originally built in 1940 by famed architect Sylvan Bien, 737 Park Avenue has been transformed in to a luxury prewar condominium.

View Development Details>>

BROOKLYN HEIGHTS' FINEST HOME

Brooklyn Heights’ Finest Home

An extremely rare 25-foot wide, meticulously restored, approximately 6,500-sq.ft. (excluding basement) Columbia Heights mansion with unparalleled views of the harbor, promenade, lower Manhattan, Brooklyn Bridge Park and Lady Liberty.

View Listing Details >>