Tribeca lofts lead Manhattan's quietest contract week of 2026 as zombie skyscraper auctioned off

Rendering of 45 Park Place in the Lower Manhattan skyline (Credit: Williams New York)

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Wednesday, Sep 9, 2026 By CityRealty Staff, CityRealty contributor

From August 31 - September 6, 2026, 137 residential contracts were signed in Manhattan in both a week-over-week slump, and the lowest weekly total of the year. Fewer luxury contracts asking over $3.9 million, and none asking over $10 million, also drove down the dollar volume week over week. The number of contracts signed also represents 15 percent fewer deals than the same week last year, though the timing of the Labor Day holiday cannot be overlooked. It fell on September 1 last year and on September 7, the last possible date for it, this year.

Tribeca apartments triumph among top contracts

61 North Moore Street, Tribeca loft condo

61 North Moore Street (Sotheby's International Realty)

Apartments in Tribeca accounted for four of the ten most expensive contracts signed last week. Duplex Residence #3W at 61 North Moore Street, a fruit warehouse turned luxury condominium, has four bedrooms, four full baths, 11' wood beamed ceilings, cast iron columns, a private storage unit included, and an asking price of $6.5 million, the highest of the week. Penthouse #6A at 16 Hudson Street, a converted warehouse, tied with an Upper West Side apartment for both the top co-op contract and fourth-highest overall with an asking price of $5.65 million. Residence #6A at The Dietz Lantern Building, a factory that manufactured lamps for horse-drawn carriages, was not far behind with a $5.25 million ask, the week's sixth-highest overall.

Finally, while 450 Washington Street was constructed as a rental in 2009, developer Related Companies converted it to sales units in 2022. Residence #520 entered contract with an asking price just under $5 million, high enough for both the eighth-highest contract and to net the sellers a small profit if it goes for this price.

(CityRealty)

The signings come almost exactly 25 years after the 9/11 attacks, and speak to how desirable Lower Manhattan has become since then. Producing partners Robert De Niro and Jane Rosenthal created the Tribeca Festival to revitalize the Lower Manhattan cultural scene shortly after the attacks; Pier 25 has gone from a desolate lot to a vibrant portion of Hudson River Park with volleyball courts and an 18-hole miniature golf course; and, years after artists like Andy Warhol and Keith Haring started using abandoned Tribeca buildings as live-work spaces, the neighborhood is now home to some of the most expensive residential real estate in Manhattan.

139 Franklin Street, Tribeca condo conversion

139 Franklin Street (Rawlings Architects for Landmarks Preservation Commission)

While many of Tribeca's industrial buildings have already been transformed into coveted residences, more residential conversions are underway. Permits were recently filed for the conversion of 139 Franklin Street, a warehouse turned storage facility, to a 13-unit boutique condominium with amenities like a fitness center, a coworking lounge, a children's playroom, and a shared roof terrace. Directly next door, Landmarks unanimously voted to approve the conversion of the commercial building at 143 Franklin Street to a 10-unit condominium at the beginning of the year. Additionally, the City Planning Commission voted to approve the conversion of 101 Franklin Street, the former headquarters to the city's Human Resources Administration, to a 21-story condominium with 72 residences earlier this spring.

Rendering of 31 Lispenard Street (SilverLining Development for Landmarks Preservation Commission)

Moreover, while Tribeca's multiple historic districts mean any new construction must be approved by the Landmarks Preservation Commission, this does not preclude new construction. 32 Walker Street, a new development that combines a 19th century cast iron building with a new limestone-clad structure, is 60 percent sold with remaining availabilities starting around $11.5 million. Landmarks approved the construction of an eight-story, 20-unit condominium at 31 Lispenard Street, on the southeast corner of Church Street, in April 2026 .

Rendering of 75 West Broadway (Prosper Property Group)

Additionally, all of Tribeca is not located within the boundaries of historic districts, which allows developers to build on these sites without Landmarks approval. After years of a residential project in the works, construction is now underway on a 24-story, 106-unit condominium at 65 Franklin Street. Developer Prosper Property Group recently acquired 75 West Broadway, a development site on the corner of Warren Street, and announced plans for a 10-story condominium with a context-sensitive design by BKSK Architects and 23 apartments starting on top of retail space.

Renderings of 45 Park Place (Soho Properties)

Also in Tribeca, a new project for 45 Park Place has been in the works since 2009. Shortly after developer Sharif El-Gamal's Soho Properties purchased the building, which had been damaged in the 9/11 attacks, they announced plans for an Islamic cultural center on the site. However, they later enlarged the site and announced plans for a 43-story, 50-unit condominium with a design by Skidmore Owings & Merrill and a small Islamic museum.

Construction on the tower has topped out, and its glassy facade is about halfway up. However, construction has stalled amidst years of disputes with various financiers to a point where graffiti artist RAMS was able to scale the building and tag its unclad peak in September 2024. The property was auctioned off as part of foreclosure proceedings last week, but the buyer has not been identified, nor has the sale yet been recorded by the city.

45 Park Place in Tribeca as seen from 56 Leonard Street (Douglas Elliman)

With a new owner, 45 Park Place should be able to complete construction. However, the situation remains a bit more precarious at One Seaport, another Downtown condo in the works. An all-glass tower soaring 60 stories and 670 feet high was planned for the site, and set to contain 80 luxury condos and amenities like a fitness center and Water Club spa. However, uneven soil settling has caused the structure on the site to slightly tilt.

On the rental front, Vornado Realty Trust and Stellar Management finalized plans to build a new 72-story tower on the Independence Plaza complex in May 2026. This will add a total of 976 new housing units, and the team seeks to use the city's Universal Affordability Preference program to build affordable units. It is not yet known whether these will be located in the new tower or constructed elsewhere, though.

Conceptual massing model of proposed 72-story Independence Plaza Tower (Vornado/Stellar Management)

Williamsburg condo The Sixth has top sponsor contract

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16 Hudson Street
The Dietz Lantern Building, 429 Greenwich Street
450 Washington Street

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127 North 6th Street, Williamsburg condo

The Sixth (Corcoran Group)

Last week was a quiet time for new development contracts, but Brooklyn condos performed well. The week's top sponsor contract was signed at The Sixth, a new construction condominium in Williamsburg with an industrially inspired design by BKSK Architects. Penthouse #1A, a three-bedroom penthouse with 1,000 square feet of private outdoor space across two terraces, entered contract with an asking price just under $6 million, the third-highest of the week. Two contracts were signed at Bellrose in South Slope-Greenwood Heights, and sponsor deals were also signed at Williamsburg condos One Domino Square and One Williamsburg Wharf.

660 Lexington Avenue, Midtown East condominium

660 Lexington Avenue (Douglas Elliman)

In Manhattan, two contracts were signed at 660 Lexington Avenue, a new construction condo at the eastern end of Billionaires' Row. Like all units in the building, the one- and two-bedroom homes feature chevron floors, custom kitchens with integrated Miele appliances, spa-like primary baths, and in-unit laundry. The building's certificate of occupancy was recently issued, allowing the first move-ins to begin soon.

Top NYC Contracts: August 31 - September 6, 2026

#10. 799 Park Avenue, #8A
Last Ask: $4,200,000

Park/Fifth Ave. to 79th St. | Cooperative | 3 Bedrooms, 3 Baths

799 Park Avenue, #8A (Douglas Elliman Real Estate)

From the Listing: Perfectly positioned on the eighth floor of one of Park Avenue's most established cooperatives, Residence 8A is a beautifully renovated Classic Six that seamlessly blends timeless Manhattan elegance with the comforts of modern living. Offering three bedrooms, three full bathrooms, a formal dining room, a home office or media room, a custom eat-in kitchen, and a gracious entry foyer and gallery, the home is defined by an extraordinary sense of scale rarely found today. See full details here.

799 Park Avenue has 2 public availabilities from $2.399 million.

#9. The Laurel, #27A
Last Ask: $4,350,000 (-9.4%)

Lenox Hill | Condominium | 3 Bedrooms, 3 Baths | 2,285 ft²

The Laurel, #27A (Corcoran Group)

From the Listing: Perched high above the city on the 27th floor of The Laurel, this highly coveted southwest corner residence offers an elegant, light-filled sanctuary with spectacular skyline and river views. Designed by award-winning architects Costas Kondylis and Brian Callahan, The Laurel is a 30-story glass and limestone condominium celebrated for its timeless architecture, sophisticated design, and unparalleled amenities. Residence #27A is an exceptional, mint condition 2,285-square-foot 3-bedroom, 3-bath home boasting 10' ceilings, floor-to-ceiling windows, beautiful dark oak floors and exquisite finishes. Storage space included in sale. See full details here.

The Laurel has no public availabilities.

#8. 450 Washington Street, #520
Last Ask: $4,995,000

Tribeca | Condop | 3 Bedrooms, 2.5 Baths

450 Washington Street, #520 (Compass)

From the Listing: Set along Tribeca’s coveted Hudson River waterfront, Residence 520 at 450 Washington is a beautifully appointed three-bedroom home offering generous proportions, refined finishes, and a serene outlook over the building’s landscaped courtyard and surrounding historic streetscape. The thoughtfully composed floor plan is anchored by an expansive double-corner living and dining room, where oversized bronze-finished windows bring in abundant natural light and frame treetop views with glimpses toward the Hudson River. See full details here.

450 Washington Street has 3 public availabilities from $3.9 million.

#7. 109 West 26th Street, #9
Last Ask: $5,150,000 (-8%)

Chelsea | Cooperative | 5 Bedrooms, 4.5 Baths | 4,500 ft²

109 West 26th Street, #9 (Compass)

From the Listing: Spectacular sprawling full-floor loft with 12-foot ceilings and 30 oversized windows facing north, south, east and west, showering the apartment with light all day. This incredible 4,500-square foot home consumes the entire 9th floor of the building and is an entertainer’s dream come true. See full details here.

109 West 26th Street has no public availabilities.

#6. The Dietz Lantern Building, #6A
Last Ask: $5,250,000

Tribeca | Condominium | 3 Bedrooms, 3 Baths | 2,384 ft²

The Dietz Lantern Building, #6A (Brown Harris Stevens Residential Sales LLC)

From the Listing: A rare opportunity at Tribeca's coveted Dietz Lantern Building, in the North Tribeca Landmark District at the corner of Greenwich and Laight Street, this expansive three-bedroom, three-full-bath, three-exposure loft offers grand proportions, 19 windows, and exceptional private outdoor space- and a highly desirable deeded private in-house parking space. The dramatic gallery leads you to the 40 foot deep living and dining room is distinguished by the building's 10 foot high signature barrel-vaulted ceilings, oversized windows, and a wood-burning fireplace, creating a dramatic setting for everyday living and large-scale entertaining. See full details here.

The Dietz Lantern Building has no public availabilities.

#5. 333 East 68th Street, #PHC
Last Ask: $5,500,000

Lenox Hill | Cooperative | 6+ Bedrooms, 6+ Baths

333 East 68th Street, #PHC (Berkshire Hathaway HomeServices New York Properties)

From the Listing: A home of remarkable scale and character, Penthouse C at 333 East 68th Street offers the rare experience of townhouse-style living high above the Upper East Side. Encompassing roughly 5,500 square feet across three expansive levels, plus another 1,600 square feet of private outdoor space, this residence provides six to seven bedrooms and seven-and-a-half baths within a distinguished prewar cooperative known for its service and discretion. See full details here.

#4 (tie). 16 Hudson Street, #PH6A
Last Ask: $5,650,000 (-5.6%)

Tribeca | Cooperative | 3 Bedrooms, 2.5 Baths

16 Hudson Street, #PH6A (Douglas Elliman Real Estate)

From the Listing: Views, views and more views from this original 3-bed/2.5-bath located in the most desirable part of Tribeca. Currently the apartment has been converted into 2 bedrooms with a large home office/den, and can easily be converted back to a 3 bed if you so desire. This is a corner unit and features 8 large east-facing windows and 4 large south-facing windows. See full details here.

16 Hudson Street has no public availabilities.

#4 (tie). 270 West End Avenue, #9N
Last Ask: $5,650,000 (-5.8%)

Broadway Corridor | Cooperative | 4 Bedrooms, 3.5 Baths

270 West End Avenue, #9N (Corcoran Group)

From the Listing: Grand, elegant, with loft-like scale, this high-floor corner 4-5-bedroom residence offers generously sized rooms and beautiful prewar character throughout. Light pours in from four exposures, with protected open city views. Located just one block from Riverside Park, the apartment sits in one of the Upper West Side's most charming boutique full-service prewar co-ops.Apartments of this scale, light, layout, and condition rarely become available in this prime Upper West Side location. Fully renovated, the home currently offers four spacious bedrooms plus a staff room or home office and three-and-a-half bathrooms within a classic prewar layout designed for both gracious entertaining and comfortable living. See full details here.

270 West End Avenue has no public availabilities.

#3. The Sixth, #PH1A
Last Ask: $5,995,000

Williamsburg | Condominium | 3 Bedrooms, 2.5 Baths | 2,222 ft²

The Sixth, #PH1A (Corcoran Group)

From the Listing: We have saved the best for last! A magnificent 3 bed penthouse with over 1,000 square feet of outdoor space, water views, a soaking tub with a view, and a massive Great Room! This is the trophy unit in the building! For the first time in its history, prime North Williamsburg will finally have a condo that blends the best of European craftsmanship with the creativity and individuality for which the neighborhood has become so beloved. See full details here.

The Sixth has two public availabilities from $1.75 million.

#2. 8 Polhemus Place, #TH
Last Ask: $6,000,000

Park Slope | Townhouse | 4 Bedrooms, 4.5 Baths | 3,830 ft²

8 Polhemus Place, #TH (Compass)

From the Listing: Tucked away on one of Park Slope’s most charming historic blocks, this exceptional single-family townhouse on Polhemus Place offers exposures on three sides and a rare combination of original architectural detail and thoughtful modern updates. With four bedrooms, four-and-a-half baths, and a private garden, this home offers an abundance of space for both everyday living and entertaining. The garden level features a spacious den that opens directly onto the garden, while the parlor level offers gracious living and formal dining rooms with original stained glass and millwork. See full details here.

#1. 61 North Moore Street, #3W
Last Ask: $6,500,000

Tribeca | Condominium | 4 Bedrooms, 4 Baths | 2,917 ft²

61 North Moore Street, #3W (Sothebys International Realty)

From the Listing: Located on one of Tribeca's most desirable cobblestone streets, Residence 3W at 61 North Moore Street offers the quintessential downtown loft lifestyle. 3W is an exceptional duplex blending the neighborhood's rich industrial heritage with timeless sophistication. Located within the Tribeca West Historic District, the residence offers over-scaled proportions, authentic architectural details, and a warm, inviting atmosphere rarely found today. A private 60-square-foot storage room in the basement is included. See full details here.

61 North Moore Street has no public availabilities.

In this article:

Tribeca apartments triumph among top contracts

Williamsburg condo The Sixth has top sponsor contract

Select which properties are of interest to you:

Top NYC Contracts: August 31 - September 6, 2026

#10. 799 Park Avenue, #8A
Last Ask: $4,200,000

799 Park Avenue has 2 public availabilities from $2.399 million.

#9. The Laurel, #27A
Last Ask: $4,350,000 (-9.4%)

The Laurel has no public availabilities.

#8. 450 Washington Street, #520
Last Ask: $4,995,000

450 Washington Street has 3 public availabilities from $3.9 million.

#7. 109 West 26th Street, #9
Last Ask: $5,150,000 (-8%)

109 West 26th Street has no public availabilities.

#6. The Dietz Lantern Building, #6A
Last Ask: $5,250,000

The Dietz Lantern Building has no public availabilities.

#5. 333 East 68th Street, #PHC
Last Ask: $5,500,000

#4 (tie). 16 Hudson Street, #PH6A
Last Ask: $5,650,000 (-5.6%)

16 Hudson Street has no public availabilities.

#4 (tie). 270 West End Avenue, #9N
Last Ask: $5,650,000 (-5.8%)

270 West End Avenue has no public availabilities.

#3. The Sixth, #PH1A
Last Ask: $5,995,000

The Sixth has two public availabilities from $1.75 million.

#2. 8 Polhemus Place, #TH
Last Ask: $6,000,000

#1. 61 North Moore Street, #3W
Last Ask: $6,500,000

61 North Moore Street has no public availabilities.

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Tribeca lofts lead Manhattan's quietest contract week of 2026 as zombie skyscraper auctioned off

In this article:

Tribeca apartments triumph among top contracts

Williamsburg condo The Sixth has top sponsor contract

Select which properties are of interest to you:

Top NYC Contracts: August 31 - September 6, 2026

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Price Cuts: Sandie Tilotson's penthouse at Mandarin Oriental reduced by $15M; UWS brownstone with underground pool now 20% off