Presently, the listing inventory in core NYC neighborhoods is below 7,000 active listings, a notable decrease from the approximately 10,200 sales listings seen in these areas at the close of 2020. Throughout 2023, historically low inventory led to a one-third decrease in the number of sales year-over-year. Only three neighborhoods experienced an uptick in condo closings, while just two saw an increase in co-op/condop closings. These limited increases were primarily attributed to the delivery of sponsor inventory in newly completed properties.
In Manhattan, the average price per square foot for a closed condo in 2023 remained flat year-over-year, shifting from an average of $1,801/ft² to $1,795/ft². Similarly, the average price of closed co-ops in the borough remained steady, rising from an average price of $1.31 million in 2022 to $1.32 million in 2023.
Below, we delve into the neighborhoods that experienced the most significant price gains in both condo and co-op values for 2023, and feature an attainably-priced availability within each.
In Manhattan, the average price per square foot for a closed condo in 2023 remained flat year-over-year, shifting from an average of $1,801/ft² to $1,795/ft². Similarly, the average price of closed co-ops in the borough remained steady, rising from an average price of $1.31 million in 2022 to $1.32 million in 2023.
Below, we delve into the neighborhoods that experienced the most significant price gains in both condo and co-op values for 2023, and feature an attainably-priced availability within each.
In this article:
2023 Condo Sales - Biggest Price/ft2 Gainers
![](https://thumbs.cityrealty.com/smart/1024x/webp/1/03/2588721/c99cb420ff46555c9b30be609602caf7-3623fc9edb2e6f69ecfeaa164d51f380.jpg)
Toren, #1706 (Douglas Elliman Real Estate)
![](https://thumbs.cityrealty.com/smart/1024x/webp/0/b7/2607984/b55eeb741ea85d6ff8f950fc1547c237-048c2f91f7e0dc347af4c4017c0e9aef.jpg)
Urban Nostrand, #3R (Serhant LLC)
![](https://thumbs.cityrealty.com/smart/1024x/webp/0/b7/2607984/83506b387988bbb5f5caabadc5b2e402-bc94f81b549a8938af8bc6c80e935451.jpg)
![Financial District condo data](https://thumbs.cityrealty.com/assets/smart/1004x/webp/7/77/77e2479a3a2eed27d43d6f27ee89e01434401f1d/financial-district-condo-data.jpg)
![](https://thumbs.cityrealty.com/smart/1024x/webp/3/fb/2609075/4311b5ab29c67348fb4f0881caae7141-3b2f79b00afc40f44a2a2572f1641b11.jpg)
South Star, #8I (Douglas Elliman Real Estate)
![Boerum Hill condo data](https://thumbs.cityrealty.com/assets/smart/1004x/webp/2/2b/2b10ee2bb0b1431f00a8697f5bf5c50aaeae2717/boerum-hill-condo-data.jpg)
![](https://thumbs.cityrealty.com/smart/1024x/webp/d/2b/2609853/c4c604be24f0a6e22b58122d66181e17-e4c6e5e703dcfbb440c0103e0cff7821.jpg)
Smith and Douglass, #A (Douglas Elliman Real Estate)
![](https://thumbs.cityrealty.com/smart/1024x/webp/d/2b/2609853/3ef5d0ea45db4517435d6694759a4797-4d5efb8a5b586b5cd29bcb19b9112fa8.jpg)
![](https://thumbs.cityrealty.com/smart/1024x/webp/d/2b/2609853/6308eceadf813204e8a6841c389ee870-c97886c22c724e88b7d9bb637d86a522.jpg)
![Morningside Heights condo data](https://thumbs.cityrealty.com/assets/smart/1004x/webp/8/89/891d6b387f3a549bb689a43e9cb23fb585840786/morningside-heights-condo-data.jpg)
Claremont Hall, #11G
$1,500,000 (-9.6%)
Morningside Heights | Condominium | 1 Bedroom, 2 Baths | 1,036 ft2
Claremont Hall, #11G (Corcoran Sunshine Marketing Group)
![West Village condo data](https://thumbs.cityrealty.com/assets/smart/1004x/webp/5/5a/5ade672287b7df199e09209f502f781eeab2153c/west-village-condo-data.jpg)
![](https://thumbs.cityrealty.com/smart/1024x/webp/3/b4/2607939/c93d8c501510e851be4620d5aa636e50-ff51d3e2ebbe9562791445a0114095bd.jpg)
254 West 10th Street, #4B (Brown Harris Stevens Residential Sales LLC)
![](https://thumbs.cityrealty.com/smart/1024x/webp/3/b4/2607939/d1e9ed8f20ecfa2b19d970935a359a50-267b5ceceaf892dbe64c058f0941e05f.jpg)
The Red Hook Lofts, #5D3
$2,650,000 (-11.2%)
Red Hook | Condominium | 3 Bedrooms, 3 Baths | 2,782 ft2
![](https://thumbs.cityrealty.com/smart/1024x/webp/b/36/2589547/5dfdbb513bbf00e2199580467e08e114-2a80055330ef7dc045fb6c5afb5e3841.jpg)
The Red Hook Lofts, #5D3 (Living New York)
![](https://thumbs.cityrealty.com/smart/1024x/webp/b/36/2589547/a8fa92f75644684731570d4ddc0ae8b4-ab7a9e60860e661b3ea1ef7af8929685.jpg)
![](https://thumbs.cityrealty.com/smart/1024x/webp/b/36/2589547/c4583997e69ded129a6d952f156f4590-a95fddfc519b3665748a0a62ecbe745e.jpg)
![DUMBO condo data](https://thumbs.cityrealty.com/assets/smart/1004x/webp/c/cf/cf51cf4adaf95a5e5cd4939bb918dd032f0911f4/dumbo-condo-data.jpg)
![](https://thumbs.cityrealty.com/smart/1024x/webp/e/23/2601534/5bad0297ce848eeb1c990a0e23c86397-099973b0c7d0a42f79b0f90b0788097c.jpg)
70 Washington Street, #11K (Brown Harris Stevens Residential Sales LLC)
![](https://thumbs.cityrealty.com/smart/1024x/webp/e/23/2601534/e7cbeb92ff80c796d497f5bf843ee509-4bf62e38e4da31fecf504521160b71e0.jpg)
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![Yorkville condo data](https://thumbs.cityrealty.com/assets/smart/1004x/webp/9/99/997d74a946d59275e0fe111a930ac3fb9a89e33a/yorkville-condo-data.jpg)
Yorkville Tower 2, #3H (Corcoran Group)
2023 Co-op Sales - Biggest Price Gainers
![](https://thumbs.cityrealty.com/smart/1024x/webp/4/b4/2595652/86279439e90c1761f52d96f9391ff4c1-7bdc4d363a6d17fa146a88bbf1bd78e1.jpg)
The Brownstones, #4F (Brown Harris Stevens Residential Sales LLC)
![](https://thumbs.cityrealty.com/smart/1024x/webp/4/b4/2595652/139a854cbef2a5ce469ccf49c2a8165f-3d29483bdc85327204e5bcca50cf0250.jpg)
![](https://www.compass.com/m/0/608bfc0d-cf59-4ac7-a4c6-26a6829bdf5b/1500x1000.jpg)
261 West 22nd Street, #22 (Compass)
![](https://www.compass.com/m/0/0a370a2c-271f-458c-9680-31fb5dfb1c4d/1500x1000.jpg)
Nevada Towers, #14A (Compass)
![Gramercy co-op data](https://thumbs.cityrealty.com/assets/smart/1004x/webp/8/8d/8dc9ff7e700f930e093d1bc8888dce0e8e61efb9/gramercy-co-op-data.jpg)
![](https://thumbs.cityrealty.com/smart/1024x/webp/0/2d/2593488/c97d34ae08e733a7c19f61333a05c490-c4e02072efadca204b1913dcfd6c0fab.jpg)
Little Gramercy, #4CDE (Douglas Elliman Real Estate)
![](https://thumbs.cityrealty.com/smart/1024x/webp/0/2d/2593488/04da96495e532b3c7fa13c08cf64dbb5-131c07b088630f452ad2bfdea8e66edd.jpg)
![](https://thumbs.cityrealty.com/smart/1024x/webp/7/58/2606471/9eab8ca0733d5669a9f33184d8e8c3a1-856ad36619c1625b0ec61dab05eaf51e.jpg)
Hillman Coop, #E12E (LoHo Realty Inc)
![](https://www.compass.com/m/0/5d755ac9-07f3-4d59-a224-1ca07144aacb/1500x1000.jpg)
The Paul Revere, #21 (Compass)
![](https://www.compass.com/m/0/b7e02105-3ec3-43f8-8040-ef2f89d74e07/1500x1000.jpg)
The Renaissance, #330 (Compass)
![Murray Hill co-op data](https://thumbs.cityrealty.com/assets/smart/1004x/webp/3/36/36df3d0fd13977db7d0ed7044b79ce5094fc32c9/murray-hill-co-op-data.jpg)
![](https://www.compass.com/m/0/a886b941-cf4b-423e-b375-f507a90d9ae0/1500x1000.jpg)
67 Park Avenue, #8E (Compass)
![](https://www.compass.com/m/0/dd0a3537-ff90-4745-8c8b-5c6bd47e4844/1500x1000.jpg)
155 East 49th Street, #3A (Compass)
![](https://www.compass.com/m/0/81da2ea3-30f0-4439-a7a0-50178fa9ab9b/1500x1000.jpg)
720 Greenwich Street, #9G (Compass)
![](https://www.compass.com/m/0/f2c1bdc1-60ee-423e-870d-37d0a9eabf08/1500x1000.jpg)
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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