Features
From Notable Sales
Condo Prices Rise Most in Midtown East & Greenwich Village
By CityRealty Staff
Friday, July 6, 2018
Midtown East saw the greatest appreciation in condo prices of all Manhattan neighborhoods last month, according to the CityRealty July Monthly Report. Greenwich Village saw the second-highest price appreciation.
The price/ft2 in Midtown East last month was $3,561/ft2, compared to $2,578/ft2 the prior month, a month-over-month increase of 28%. Prices in the neighborhood were bolstered by big-ticket sales in 432 Park Avenue and 252 East 57th Street.
The price/ft2 in Midtown East last month was $3,561/ft2, compared to $2,578/ft2 the prior month, a month-over-month increase of 28%. Prices in the neighborhood were bolstered by big-ticket sales in 432 Park Avenue and 252 East 57th Street.
The price/ft2 in Greenwich Village last month, meanwhile, was
$2,570/ft2, compared to $1,898/ft2 the prior month, a month-over-month increase of 26%. The priciest sale in the neighborhood last month was a penthouse closing at the Greenwich Lane, which sold for $15.8 million and $4,534/ft2.
The neighborhood with the greatest month-over-month decrease in average price/ft2 was Central Park West, were condo closings averaged $1,770/ft2 last month, compared to $2,440/ft2 the prior month. The decrease followed after the prior month had seen pricey Central Park West closings in buildings such as Time Warner Center and 15 Central Park West.
Check out CityRealty’s full July Monthly Report here.
Check out CityRealty’s full July Monthly Report here.
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