Average Manhattan Co-op Prices Reach All-Time High in First Half of 2018 | CityRealty

Average Manhattan Co-op Prices Reach All-Time High in First Half of 2018

Average Manhattan Co-op Prices Reach All-Time High in First Half of 2018

By CityRealty Staff | From Notable Sales Friday, August 3, 2018

The San Remo and the Central Park West skyline (Corcoran)

The San Remo and the Central Park West skyline (Corcoran)

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.

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.

In this article:

Parc V, 785 Fifth Avenue

Parc V, 785 Fifth Avenue Park/Fifth Ave. to 79th St.

The Stanhope, 995 Fifth Avenue

The Stanhope, 995 Fifth Avenue Carnegie Hill

730 Park Avenue

730 Park Avenue Park/Fifth Ave. to 79th St.

995 Fifth Avenue

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995 Fifth Avenue

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995 Fifth Avenue

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995 Fifth Avenue

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995 Fifth Avenue

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995 Fifth Avenue

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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.

See our list of NYC's most prestigous co-ops here

(Clockwise from top left) 960 Fifth Avenue, The Beresford, 834 Fifth Avenue, and The Dakota are among New York's most prestigious co-ops.

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RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.

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