For the 3rd quarter of 2021, the average condo sale price in Manhattan was $1,720 per square foot, just 2% off closings from the 3rd quarter 2019. Prices have steadily risen over the course of 2021, with the average price/ft2 surging 12% from $1,536 in Q1 2021 to $1,727 so far this fourth quarter. Today's figures are on par with Q4 2019, showing that the Manhattan residential market has made up most of the ground lost during the pandemic.
Not all boats are rising, however. Units in Trump-branded properties have suffered some of the worse losses of value during the pandemic, even after nosediving after Donald Trump was elected president in 2016. On a price-per-square-foot basis, the average Manhattan condo is valued more than a condo in Trump's eight remaining branded properties.
Apartments in Trump-branded buildings are not alone. As stylistic tastes change and newer condo buildings outshine older stalwarts, apartments in many of Manhattan's once most sought-after properties have sat on the market for months, even after dramatic price improvements. Some units may be in dire need of renovation or are in buildings that have faced skyrocketing carrying costs. Whatever the reason these apartments potentially have plenty of value to unlock as the market tightens and new developments become harder to come by in the coming years. Find below available listings whose asking prices are substantially below their last closing price.
Not all boats are rising, however. Units in Trump-branded properties have suffered some of the worse losses of value during the pandemic, even after nosediving after Donald Trump was elected president in 2016. On a price-per-square-foot basis, the average Manhattan condo is valued more than a condo in Trump's eight remaining branded properties.
Apartments in Trump-branded buildings are not alone. As stylistic tastes change and newer condo buildings outshine older stalwarts, apartments in many of Manhattan's once most sought-after properties have sat on the market for months, even after dramatic price improvements. Some units may be in dire need of renovation or are in buildings that have faced skyrocketing carrying costs. Whatever the reason these apartments potentially have plenty of value to unlock as the market tightens and new developments become harder to come by in the coming years. Find below available listings whose asking prices are substantially below their last closing price.
In this article:
From the Listing: Deal Fell Through! Beautiful large oversize one-bedroom apartment centrally located in the heart of midtown, walk to work! An immaculate prewar coop building with full-time 24-hour doorman, beautiful lobby, outdoor common area, and storage in the basement. The apartment's living/dining and bedroom are generously proportioned, and offer good light throughout, while offering privacy.
See floor plan and full details here.
From the Listing: Located in historic Cobble Hill, 439 Hicks Street, Apartment 5D is a beautifully renovated one bedroom, one bath condominium with open city views and peeks of New York Harbor. Entering into the foyer, residence 5D features a spacious living room with eastern exposures overlooking the treetops from the private enclosed courtyard and garden of Cobble Hill Towers.
From the Listing:
Investors Only. Charming Lenox Hill 1 bedroom condo with a lifetime tenant already in place. At $550,000 listing price, this is nearly 50% off market value, and will appreciate tremendously once current tenant relinquishes occupancy. Special Opportunity for an investor with long-term goals.
This 1-bedroom, 1-bathroom condo is a tremendous opportunity to invest and own in one of the most sought after locations in the entire city on 72nd Street and 3rd Avenue. Hardwood floors, beautiful crown molding, tons of closet space, and classic sash windows with sunny southern and eastern exposure, one flight up from the lobby. See floor plan and full details here.
This 1-bedroom, 1-bathroom condo is a tremendous opportunity to invest and own in one of the most sought after locations in the entire city on 72nd Street and 3rd Avenue. Hardwood floors, beautiful crown molding, tons of closet space, and classic sash windows with sunny southern and eastern exposure, one flight up from the lobby. See floor plan and full details here.
From the Listing: Investor's Dream! All cash only with a tenant in place, paying $3,000 per month. Three blocks from Central Park with $5 in taxes and $780 a sqft for a full-service building with a gym and roof deck, this is a deal for a customer seeking space and low carrying costs. Virtual, video and in-person showings are available for this spacious two-bedroom condominium apartment with a huge living/dining area, an open kitchen with a breakfast bar and lots of cabinets and two king-sized bedrooms. Each bedroom has two large two-door closets. The master has three windows facing east over a quiet courtyard and an ""L"" for additional seating or a desk.
See floor plan and full details here.
From the Listing: Large 3 bed/3 bath on the corner of 63rd st + 3rd ave
- Refinished hardwood floors
- Large windows + crown moldings throughout
- Windowed kitchen w/ granite countertops, Viking & Bosch stainless steel appliances, dishwasher and wine fridge
- Master bedroom has separate sitting area, lots of storage and its own bathroom
- Washer/Dryer in unit
- City views See floor plan and full details here.
From the Listing: Owner says Sell ! bring offers....
Have the cake and eat it too...
This BEST hotel's location is yours when YOU need it, up to 179 days a year. Have it rented by the hotel when you are away and generate income at ease.
Luxurious home fully furnished with the Hotel's signature 5 stars services. Pampering linens & towels, a huge master bedroom with a king-size bed and additional sitting area. A large living room area that allows you to entertain, or simply relax. Both, Bedroom & Living room enjoys floor-to-ceiling windows. A fully equipped kitchen w/ top of the line appliances & loaded with essentials. See floor plan and full details here.
Luxurious home fully furnished with the Hotel's signature 5 stars services. Pampering linens & towels, a huge master bedroom with a king-size bed and additional sitting area. A large living room area that allows you to entertain, or simply relax. Both, Bedroom & Living room enjoys floor-to-ceiling windows. A fully equipped kitchen w/ top of the line appliances & loaded with essentials. See floor plan and full details here.
From the Listing: Just Listed! This bright, tastefully renovated spacious 1-Bedroom, 1-Bath home is located in the heart of Lenox Hill.
Situated on the 4th floor this beautiful home is offering oversized windows, open views and a large private balcony. Apartment 4E boosts walnut floors, renovated travertine bathroom with a large shower, custom crown moldings throughout, ample closet space and a full size washer and dryer.
See floor plan and full details here.
From the Listing: Investors only. Tenant in place through April 2023.
With its over 10-foot, coffered and beamed ceilings, crown molding and blond wood, wide-plank, herringbone flooring, Residence 1817 echoes the fine details of Essex House, originally completed in 1931 in the Art Deco style. This spacious one-bedroom, 1.5-bath home offers both space for two separate home offices by day and comfortable and quiet areas in which to rest and to relax by night. Tall, northwest-facing windows overlook a classic New York City view with architectural styles both classic and contemporary. See floor plan and full details here.
With its over 10-foot, coffered and beamed ceilings, crown molding and blond wood, wide-plank, herringbone flooring, Residence 1817 echoes the fine details of Essex House, originally completed in 1931 in the Art Deco style. This spacious one-bedroom, 1.5-bath home offers both space for two separate home offices by day and comfortable and quiet areas in which to rest and to relax by night. Tall, northwest-facing windows overlook a classic New York City view with architectural styles both classic and contemporary. See floor plan and full details here.
From the Listing: One of the highly coveted Plaza Suites, this beautiful unit measures approximately 580 sq ft (54 sq m) with soaring 11 foot ceilings. This perfectly proportioned suite offers a spacious sitting room area, desk, wet-bar and Butlers Pantry. The bathroom is finished in 24-carat gold plated Sherle Wagner faucets and the exquisite furnishings are classic Louis XV style and are decorated with marble mosaic tile in a leaf-like pattern inspired by Central Park. There is also an owner's closet and a separate dressing area. See floor plan and full details here.
From the Listing: Welcome to 21 South End Ave PH1M, a bright corner 2 Bedroom with 2 full bathrooms penthouse duplex apartment with views of the Hudson from both floors. This duplex apartment features an eat-in kitchen, ample mount of walk-in closets, an open kitchen with granite countertops and Bosch appliances. There is a spacious living area with floor-to-ceiling windows allowing a ton of natural sunlight into the home. The unit was completely redesigned with attention to detail, with brand new marble bathrooms and top brand appliances. See floor plan and full details here.
From the Listing: Incredible Classic 5 pre-war two bedroom, two bath plus formal dining room in the perfect Upper East Side location. This property feels like home...Features include a gracious floor plan with expansive rooms. See floor plan and full details here.
From the Listing: A coveted South and East facing home on a high floor in the acclaimed Azure is now available for purchase. Every room dramatically showcases full-height windows, providing magnificent views of the East River and Manhattan cityscape. This sprawling Condop property has beautifully proportioned and contemporary designed rooms. See floor plan and full details here.
From the Listing: Enjoy all of the comforts of home with all the services and conveniences of a five-star hotel in the prestigious Sherry-Netherland, one of New York's premier landmarks, The Sherry-Netherland is at the southern end of Central Park. This triple mint and very unusual one bedroom, one and a half bath apartment has 10 large arched windows with sunny southern and eastern exposures that look over the city's sweeping skyline.
. See floor plan and full details here.
From the Listing: This sun-filled, mint two-bedroom, two-bathroom Ariel West home sits high above the Upper West Side with open east-facing city skyline views from every room (including the closet!). A serene home with every luxury showcasing an amazing vantage point of the city outside. These open NYC vistas, combined with the luxury of full-service living and high-quality design and comforts including multi-zone central air conditioning and heat, make this a wonderful place to call home.
See floor plan and full details here.
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From the Listing: Introducing #6C at 269 W 87th Street - A stunning 2 bedroom, 2.5 bathroom residence at West End & Eighty-Seven, a new development condop designed by FXFOWLE with interiors by Champalimaud.
The gracious foyer leads past a powder room and closet, opening up to a living and dining area with natural light pouring in from a wall of the oversized, bronze accented windows and ten-foot ceilings. Hand-laid white oak wood flooring is present throughout this residence, further complemented by custom millwork and imported custom hardware, and a Juliet balcony. See floor plan and full details here.
The gracious foyer leads past a powder room and closet, opening up to a living and dining area with natural light pouring in from a wall of the oversized, bronze accented windows and ten-foot ceilings. Hand-laid white oak wood flooring is present throughout this residence, further complemented by custom millwork and imported custom hardware, and a Juliet balcony. See floor plan and full details here.
From the Listing: This high floor oversized six room in the historic River House has fantastic river and city views. It is located above the recently renovated River Club with its extensive athletic and dining facilities including swimming pool, squash and tennis courts, gym and golf simulator. . See floor plan and full details here.
From the Listing: With walls opened and additional windows now revealed from floor to ceiling, this is a rare opportunity to acquire a luxurious 1,138 sq. ft. one bedroom, 1.5 bathroom apartment on a very high floor in Trump Tower. The apartment is light, bright and beautifully renovated with views of both the tops of iconic Manhattan buildings and Central Park. It is the perfect home or pied-a-terre. See floor plan and full details here.
From the Listing: Spacious and with a great floor plan, this 2-bedroom, 2.5 bath apartment in the prestigious Empire Condominium is now on the market. With 1513 square feet of well laid out space, wonderful light and oversized windows, this home will meet all your needs.
See floor plan and full details here.
From the Listing: Brand new to the market is this triple-mint, fully renovated three-bedroom (or potentially four bedroom), three bathroom home, complete with western-facing private outdoor space.
Located in the most elegant stretch of the Upper East Side, on the corner of Madison Avenue and East 80th Street, #8A is the ideal property for the discerning buyer not looking to renovate. Just out your door is the best stretch of shopping and restaurants on the Upper East Side, and you are just a stone's throw away from the world-famous Central Park. See floor plan and full details here.
Located in the most elegant stretch of the Upper East Side, on the corner of Madison Avenue and East 80th Street, #8A is the ideal property for the discerning buyer not looking to renovate. Just out your door is the best stretch of shopping and restaurants on the Upper East Side, and you are just a stone's throw away from the world-famous Central Park. See floor plan and full details here.
From the Listing: NEWLY REDESIGNED RESIDENCE APT 35B featuring a BRAND-NEW open kitchen with Liebherr and Bosch appliances, wine storage, sparkling Arabian -Quartz Pacific White Stone Counters and Backsplash, and beautifully dark stained hardwood floors throughout.Well-proportioned spacious rooms invite you to create a loft like lifestyle for dining, entertaining, and home office. See floor plan and full details here.
From the Listing: BEST CONDO VALUE IN NYC and located on PARK AVENUE at 60th STREET! This is a grand 1,572 square foot home in mint condition with high ceilings and moldings, herringbone wood floors with base and crown moldings with all rooms radiating off a central foyer. The colossal living room/dining room is perfect for formal entertaining and cozy get-togethers and luxurious living. The walls are perfect for your art collection. Four expansive windows bring glorious natural southern sunlight inside. See floor plan and full details here.
From the Listing: This glamorous, bright, beautiful 1530 square foot 2 bedroom 2.5 bath duplex residence at 530 Park Avenue is now available for sale! Enter on the ninth floor to find the sun-filled living room with curved radius windows facing east onto Park Avenue. The windowed eat in kitchen includes custom cabinetry by Smallbone of Devizes and appliances by Subzero, Bosch and Miele. See floor plan and full details here.
From the Listing: JUST REDUCED! PRICED TO SELL, Opportunity to be at The Sherry with Spectacular Direct Central Park Views. This 15th Floor, renovated 2 bedroom + Library/2 bathroom residence, planned and masterfully conceived, combines a functional and gracious layout, including a sizable living room, lighting by Modulightor, hardware by The Nanz Company and exquisite carpentry. While both the living room and second bedroom/library face West to Central Park, the master bedroom suite looks out to the East and North. See floor plan and full details here.
From the Listing: Welcome to apartment 10B in the prestigious prewar coop, 136 East 79th Street, located between Park and Lexington Avenues. This elegant and sophisticated apartment wows from the moment you enter its marble entry foyer.
With approximately 2,910 square feet, its scale is grand and welcoming. The apartment was completely renovated and features a new kitchen with marble countertops, marble bathrooms, and central air conditioning. Although completely renovated, the home retains its prewar heritage and architectural details abound such as magnificent crown moldings, arched doorways, beamed ceilings and a private elevator vestibule.. See floor plan and full details here.
With approximately 2,910 square feet, its scale is grand and welcoming. The apartment was completely renovated and features a new kitchen with marble countertops, marble bathrooms, and central air conditioning. Although completely renovated, the home retains its prewar heritage and architectural details abound such as magnificent crown moldings, arched doorways, beamed ceilings and a private elevator vestibule.. See floor plan and full details here.
From the Listing: Dramatic East River and city skyline views stun from every room of this fantastic, freshly updated 2,835 sq ft three-bedroom, three and a half bathroom apartment on the 43rd floor of 845 United Nations Plaza. Asking over 1MM less than the last B line trade in 2019, this is the prime opportunity to own a move-in-ready apartment with mesmerizing river views.
See floor plan and full details here.
From the Listing: Tenant in place through May 1, 2022. Advanced notice is required for showings.A Front Row Seat to Central Park...This residence sets the highest standard for luxury living. Offering two split, grand ensuite bedrooms, 10-foot ceilings, incredible light throughout, and best of all... jaw-dropping views. Every room in this home features floor-to-ceiling windows framing exquisite views of Central Park and the city skyline. See floor plan and full details here.
From the Listing: Parking Spot Sold With Apartment! Live in one of Chelsea's newest premier buildings, where stunning architectural details and modern style blend to create a timeless design. This magnificent residence at 551 West 21st Street boasts a sprawling 3,016 square foot interior with three bedrooms and three full bathrooms.
See floor plan and full details here.
From the Listing:
An amazing, open, and light 5 room, 2 bedroom, impeccably renovated home, located at 995 Fifth Avenue on a high floor. Available beautifully furnished This Rosario Candela prewar, white-glove Luxury Building was formerly the historic, Landmark Stanhope Hotel. It was totally renovated with the most modern infrastructure in 2007. Located across from the Metropolitan Museum and Central Park, this home is situated in Manhattan's most elegant neighborhood. Near the finest museums, restaurants and galleries. No detail has been left unattended to in this home See floor plan and full details here.
From the Listing: Spectacular Astor Place Duplex Loft. This sprawling 4 bedroom, 4.5 bathroom duplex loft offers 4,275 square feet of living space that has been completely renovated.
See floor plan and full details here.
From the Listing: From the impeccable lobby at 100 11th Avenue, the elevator opens into your own 18th floor of this exquisite duplex. Occupying the entire 18th floor and a great part of the 17th floor, and spanning 8,372 square feet with views in all directions, from sunrise to sunset, unit 17/18A feels like a dream. Whether it's a dream for someone who likes cooking, entertaining, enjoying unobstructed views of the Hudson and the city skyline, or an entrepreneur, this duplex has it all.
The welcoming, 10'-11"-ceiling, the open floor plan is bright and airy, featuring 4 bedrooms, 5 bathrooms, and 2 powder rooms spread between both floors that guarantee the ultimate comfort. The top floor features the living space, with west, east, and north exposures, along with the formal dining room facing sunsets over the Hudson, an entirely ideal setting for entertaining. See floor plan and full details here.
The welcoming, 10'-11"-ceiling, the open floor plan is bright and airy, featuring 4 bedrooms, 5 bathrooms, and 2 powder rooms spread between both floors that guarantee the ultimate comfort. The top floor features the living space, with west, east, and north exposures, along with the formal dining room facing sunsets over the Hudson, an entirely ideal setting for entertaining. See floor plan and full details here.
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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