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

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

Friday, Aug 3, 2018 By CityRealty Staff, CityRealty contributor

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.

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.

Would you like to tour any of these properties?

In this article:

Select which properties are of interest to you:

Seven tips for getting past NYC's toughest co-op boards + Prewar gems with open houses

Top 10 Park Avenue buildings + Beautiful listings on New York's greatest residential boulevard

Scale Is Back. And the Upper East Side Has It.

Paul Newman's parkside office sells 47% over ask; Pre-war condo conversions lead Manhattan sales

NYC contracts led by $18.5M Upper East Side mansion and a bespoke Billionaires' Row condo

NYC Contracts: $80M trophy penthouse signed at 80 Clarkson; One High Line's last penthouse finds a buyer

Manhattan sales include Emmy-winning producer's CPW co-op; Closings begin at The Willow

Over $600M in Manhattan contracts include FiDi penthouse with indoor slide and Mish Fine Jewelry founder’s Village co-op

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

In this article:

Select which properties are of interest to you:

Select which properties are of interest to you:

Listings in this article

Related Links

Tags:

Related Articles

Seven tips for getting past NYC&#039;s toughest co-op boards + Prewar gems with open houses

Top 10 Park Avenue buildings + Beautiful listings on New York&#039;s greatest residential boulevard

Scale Is Back. And the Upper East Side Has It.

Paul Newman&#039;s parkside office sells 47% over ask; Pre-war condo conversions lead Manhattan sales

NYC contracts led by $18.5M Upper East Side mansion and a bespoke Billionaires&#039; Row condo

NYC Contracts: $80M trophy penthouse signed at 80 Clarkson; One High Line&#039;s last penthouse finds a buyer

Manhattan sales include Emmy-winning producer&#039;s CPW co-op; Closings begin at The Willow

Over $600M in Manhattan contracts include FiDi penthouse with indoor slide and Mish Fine Jewelry founder’s Village co-op

Search

Market Data

Market Insight

CityRealty

My Account

Seven tips for getting past NYC's toughest co-op boards + Prewar gems with open houses

Top 10 Park Avenue buildings + Beautiful listings on New York's greatest residential boulevard

Paul Newman's parkside office sells 47% over ask; Pre-war condo conversions lead Manhattan sales

NYC contracts led by $18.5M Upper East Side mansion and a bespoke Billionaires' Row condo

NYC Contracts: $80M trophy penthouse signed at 80 Clarkson; One High Line's last penthouse finds a buyer

Manhattan sales include Emmy-winning producer's CPW co-op; Closings begin at The Willow