The average price of a Manhattan co-op was the highest it has ever been in the first two-quarters of 2018, according to research from CityRealty. The average price of a co-op in Manhattan in the first six months of 2018 was $1.43 million, 6% higher than the average price in the first two quarters of last year, when it was $1.36 million.
While there have been no record-breaking co-op sales thus far this year, dozens of very expensive sales have been logged, with 27 closings exceeding $10 million.
While there have been no record-breaking co-op sales thus far this year, dozens of very expensive sales have been logged, with 27 closings exceeding $10 million.
The most expensive co-op sale thus far in 2018 is the $35 million closing of the eight-bedroom, 15th Floor unit at 995 Fifth Avenue. There have been four closings in total recorded at 995 Fifth Avenue so far this year, making it the top-selling co-op so far in 2018, with $66.4 million in sales.
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Other Upper East Side prewar co-op buildings have also seen multiple big ticket sales. At 730 Park Avenue, there has been $29.8 million in recorded sales: Unit 14C in the building sold for $17.7 million, and Unit 16B sold for $12.1 million. And the postwar co-op Parc V, at 785 Fifth Avenue, has seen $27.8 million in closings, including the $24.5 million closing of Unit 17AB.
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