The Highlights:
- The average sales price in Manhattan rose in the four weeks leading up to August 1, as did the number of recorded sales. The average sales price for all units, including co-ops and condos, was $2.2 million, up from $1.9 million in the prior month. The number of recorded sales, 980, was also up from the 957 recorded the preceding month.
- The average price of a condo was $2.9 million and the average price of a co-op was $1.4 million. There were 436 condo sales and 544 co-op sales.
- The number of residential sales was up in the four weeks leading up to August 1, and the aggregate sales total, $2.0 billion, was also up from the $1.8 billion sold the prior month. The building with the most aggregate sales recorded this month was 160 Leroy Street, which saw $111 million in sales over 11 closings.
- New development condo prices averaged $2,342/ft2 this month, compared to $1,657/ft2 for non-new development condominium sales. The number of sales was down up month—96, as compared to 76 in the prior month. The average price, $4.6 million, was also up from the $4.0 million average the prior month, and the average price/ft2 was up 4%. The aggregate sales total of new developments was $438 million.
Most Expensive Sales:
The most expensive sale this month was at 160 Leroy Street in the West Village. PHN in the new condo sold for $43.5 million. The 5,140-square-foot, five-bedroom, five-and-a-half bathroom set a record as the most expensive sale ever south of 14th Street.
The second most expensive sale was in 432 Park Avenue, where unit PH93A sold for $31 million. The three bedroom measures 3,952 square feet.
The third biggest sale this month was at 152 Elizabeth Street. The building’s penthouse sold for $29.95 million. The 5,603-square-foot unit has four bedrooms and four-and-a-half bathrooms.
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