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A blog from CityRealty (Links below will take you to the 6sqft site)

Features

Penthouse terrace at 895 Park Avenue, the biggest co-op contract signing in June 2021 Penthouse terrace at 895 Park Avenue, the biggest co-op contract signing in June 2021
In June 2021, 1,345 Manhattan condo, condop, and co-op apartments were signed into contract, spending an average of 101 days on the market. The 538 signed condos spent an average of 108 days on the market while the 783 co-ops signed spent 96 days. The average asking price of a condo prior to signing was $2.7M ($1,579/ft2, up from $2.5M in May. The average asking price of a co-op prior to signing was $1.37M, down from $1.41M in May.

Units signed in the West Village and Greenwich Village apartments spent the least amount of days on the market, while SoHo, Beekman-Sutton Place, and the Upper East Side Gold Coast sat the longest.

Last week, 311 apartments were signed amounting to $671,459,429 in sales if the units were to sell at their sticker prices. Find a table of last week's contract signings below.


↓ The priciest unit signed in June 2021 had a steep price tag of $49.5M ($10,282/ft2)

From the Listing: One of only two of its kind in New York City's premier residential building, we proudly offer this exquisite 4 bedroom, 5 1/2 bathroom duplex with about 5,000 square feet. Located at the ideal height and with the best sight line within the building, there are breathtaking views from enormous picture windows in every room. This magnificent apartment is brand new, never lived in and new to the market. If you are looking for the absolute best, this is it.

With as much living space as a townhouse on just 2 floors, it offers magnificent living space, grand-scale rooms, a sweeping staircase to the private bedroom level, its own internal elevator plus sweeping vistas of Central Park to the north, and open city views to the South. The apartment has what has been described as the most beautiful eat-in kitchen in the building, a formal dining room, marble-clad baths of exquisite design, a large laundry room, and a huge corner primary bedroom suite with 2 large baths and an enormous dressing room.
See floor plan and full details here.

↓ Average asking prices for signed condos were 97% higher than their cooperative counterparts. $2.7M versus $1.37M.


↓ The limited inventory of condos on the Upper East Side's Gold Coast garner the highest asking prices.


↓ This 5-bedroom at the Marquand was among five homes whose price/ft2 asked more than $5,000. The penthouse at Lantern House and the usual Billionaires' Row stand-outs rounded out the top of the list.

From the Listing: Upon entering this spectacular home it is immediately apparent that the space embodies love, talent, light, and warmth. Rich with historical detail and nuance this extraordinary home, fabulously designed by Nate Burkus, exceeds the expectations of the most discerning taste. Located in The Marquand, a New York City landmark, you will enjoy the prestige of living in the height of UES elegance with the comforts of every modern convenience artistically designed down to the smallest detail. See floor plan and full details here.

↓ The pricest co-op to fall into contract was a Park Avenue penthouse that asked $29.5M

From the Listing: Perched atop one of New York City's most exquisite prewar buildings, this sprawling 14-room apartment has it all: 6 bedrooms, 6.5 bathrooms, stunning views of the city and Central Park, unparalleled natural light, grand-scale rooms, and significant private outdoor space. An embodiment of old-world glamour, this special apartment features soaring ceilings and original architectural details such as the original wood-burning fireplaces and wide-plank wood floors. But perhaps even more impressive than its glorious bones are the panoramic views from both the indoor and outdoor spaces on both levels. See floor plan and full details here.

↓ The West Village's 29 contracts spent the shortest amount of time on the market, averaging just 65 days. SoHo's 25 signings sat on the market the longest, averaging 191 days — largely due to signings of sponsor units in the Hudson Square district that marinated on the market for over a year.


↓ This West Village penthouse was signed after spending just 10 days on the market.

From the Listing: PENTHOUSE PERFECTION Located on coveted Perry Street in the heart of the West Village, PH5A is a sun-filled and unique two-bedroom duplex home. With a planted wrap-around terrace, a wood-burning fireplace, a gleaming open chef's kitchen, and a massive amount of closet space this is the ONE you have been dreaming of. Convenient to transportation and to all of the treasures of the West Village that make the neighborhood so special: The Hudson River Park, Little Island, and the many excellent restaurants and shops. See floor plan and full details here.

↓ This massive Tribeca penhouse was signed after 15 days.

From the Listing: With multiple indoor and outdoor living spaces throughout this magnificent 6,280-square-foot Tribeca penthouse duplex, you'll find a stunning destination for every mood and occasion.

Designed by Monique Gibson, this sprawling showplace dazzles with hardwood floors, soaring ceilings, fresh paint, new wallpaper, and abundant windows throughout. On the open lower level, the mood is dramatic and bold with deep-stained floors, stylish dark design accents and industrial influences. A gracious foyer flanked by glass doors introduces a massive great room wrapped in stunning windows along the northern and eastern exposures.
See floor plan and full details here.

↓ Greenwich Village and the West Village also moved the largest shares of thier inventory in June


↓ One-bedrooms made up the largest portion of signed units in Manhattan.


↓ The median asking price of a signed one-bedroom condo in June was $1.01M or $1,336/ft2

From the Listing: Don't miss the opportunity to own this 642 square foot (59.6 square meters) one-bedroom at a very friendly price. Flooded with light from its western exposure and floor to ceiling sound attenuated windows, this home is graced with a closeted foyer leading into an open kitchen with a breakfast bar, and large living room. A Bosch stackable washer/dryer is conveniently located in the hall between the bedroom and bath. The light-filled bedroom features a sizable linear closet. See floor plan and full details here.

↓ The median asking price for a signed one-bed co-op in June was $699K

From the Listing: Residence #11D is a beautiful, east-facing, one-bedroom that has been wonderfully renovated making it among one of the most attractive offerings in Kips Bay. Space and light are abundant with a functional layout ideal for both living and dining there's even enough room for your #peloton). The newly renovated open kitchen has plenty of storage and is equipped with stainless steel appliances including a dishwasher, gas stove, and microwave. Additional upgrades include recently sanded floors, crown moldings, and four updated closets. The windowed bathroom features Carrera marble, modern fixtures, and newly glazed tub. The apartment transfers with a storage unit as a bonus. See floor plan and full details here.

↓ However, two-beds sat on the market for the shortest amount of time, lingering for an average of 89 days.


↓ The median asking price of a signed two-bedroom condo in Manhattan was $1.95M or $1,533/ft2 in June.

photo_by_michael_kleinberg Photo by Michael Kleinberg
From the Listing: Residence 17D is a two-bedroom, two bathroom home with approximately 10-foot ceilings and oversized arched windows with elegant bronze detailing. Interior finishes include wide-plank white oak flooring and oil-rubbed bronze fixtures custom-designed by Sir David Adjaye. The residence boasts an open kitchen with custom Pedini Italian textured blackened oak cabinetry, Salvatori Pietra Cardosa marble countertops hand-selected from the Apuan Alps in Tuscany, and state-of-the-art appliances by Gaggenau, Bosch, and Thermador, including wine storage. The master bedroom suite has a walk-in closet and a luxuriously appointed bathroom with textured Italian Bianco Carrara marble, a custom Pedini Italian millwork double vanity, an expansive shower, and radiant heated floors. The secondary bathroom features floor-to-ceiling Salvatori Grigio Versilia marble, a custom Pedini Italian millwork vanity, and a soaking tub. See floor plan and full details here.

↓ The median asking price for a signed two-bed co-op in June was $1.295M

From the Listing: Perched high with gorgeous light and expansive City views, this 2 bedroom plus a balcony is the ideal backdrop for memory making. It works perfectly for both large scale entertaining (think - game nights, Oscar parties, Super Bowl festivities) as well as more intimate moments (candle lit dinners, bridge games, coffee or wine outdoors). The split bedroom layout offers privacy; the open living room / dining room boasts big easterly views and is light, airy and gracious, there are closets galore, and the stackable IN-UNIT washer dryer makes laundry a pleasure. See floor plan and full details here.

↓ New construction units are priced higher and sit on the market the longest. Whereas, pre-war homes (pre-1945) were more valued than post-war spreads (1945-1990).


↓ Due to several large condo buildings having recently come online, signed condos in the Financial District/BPC sat on the market the longest while homes on the Upper West Side and downtown neighborhoods moved the quickest.


↓ More than $2.5 billion dollars worth of apartments went into contract last month (per their asking prices). Downtown neighborhoods, roughly from Chambers to 30th Street, took the largest share of condo contracts with over $570M in signings. The Upper East Side took the largest share of co-op signings amounting to nearly $450M.



↓ The 24 contract-signings of over $10M represented 17% ($423M) of Manhattan's aggregate total last month, more than the sum of all 626 units signed under $1M.


↓ Available listings that promise not to be here for long.

From the Listing: Ideally located on lower Fifth Avenue's Gold Coast, this rarely available turn-key, prewar Condo, offers the perfect balance of classic proportions and contemporary design. This perfect, sun-drenched corner apartment features leafy views of Washington Square Park, 10-foot beamed ceilings, and hardwood floors. Recently renovated with smart built-ins and top-of-the-line finishes throughout, no detail was left untouched. See floor plan and full details here.

From the Listing: Gorgeous Greenwich Village Loft! Located in perhaps the most vibrant neighborhood in Manhattan, this stunning home features 2,250 square feet of expansive loft space with soaring 11+ foot ceilings. See floor plan and full details here.

From the Listing: An entire floor condo accessed by a private elevator and flanked with oversized windows spanning the northern and southern exposures providing open views and wonderful lighting is the large living spaces. See floor plan and full details here.

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