For the first quarter of 2020, the average sales price of apartments in Manhattan declined by 10% when compared to the first quarter of 2019. The number of recorded sales fell marginally (-1%) to 2,186 recorded transactions. The average sales price for all residential units, excluding townhouses was $2 million, down from $2.2 million in Q1 2019. The average price of a condo was $2.79 million and the average price of a co-op was $1.45 million. There were 916 condo sales, 1,242 co-op sales, and 28 condop sales in the quarter.
The data shown represents residential apartment closings in Manhattan occurring between January 1, and March 31, 2020. The geographical area covered is Manhattan south of 110th Street/Cathedral Parkway on the west side and south of 96th Street on the east side.
The data shown represents residential apartment closings in Manhattan occurring between January 1, and March 31, 2020. The geographical area covered is Manhattan south of 110th Street/Cathedral Parkway on the west side and south of 96th Street on the east side.
In this article:
The total dollar amount of residential sales in Manhattan fell to the lowest in recent years during the first quarter of 2020. There were 2,422 condo, co-op, and condop units closed aggregating to $4.56 billion in sales. The total number of transactions was down 11%
compared to 4Q 2019 but was flat when compared year-over-year to the first quarter of 2019. The building with the most aggregate sales recorded was 53W53, which saw $175 million in sales over 33 closings. The next two top closers were the nearby Billionaires' Row towers of 220 Central Park South andThe Park Loggia .
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
The three most expensive sales of the quarter were all at the southern end of Central Park. The Vornado Realty-developed 220 Central Park South continued its 2019 run into 2020 with five 8-figure deals, two of which were the period's most expensive. The Robert A.M. Stern-designed building had a pair of four-bedroom condos claim the top two spots, with unit #62 closing at $52,185,313 ($8,793 /ft2) and unit #61 coming in at $51,421,625 ($8,793 /ft2). The unidentified buyer of the later unit made the purchase back in March 2015.
The third most expensive sale of the month was The Mandarin Oriental's #75AB, a five-bedroom, five-and-a-half-bath duplex that was signed in contract in mid-December 2019.
The third most expensive sale of the month was The Mandarin Oriental's #75AB, a five-bedroom, five-and-a-half-bath duplex that was signed in contract in mid-December 2019.
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?
Related Articles
Get To Know
Swim with a View: 30 Manhattan buildings with high-floor swimming pools and fitness centers
Saturday, June 20, 2026
Coney Island
Knicks in Five: 35 NYC condo and rental buildings with basketball courts
Thursday, June 18, 2026
Future New York
Over $600M in Manhattan contracts include FiDi penthouse with indoor slide and Mish Fine Jewelry founder’s Village co-op
Wednesday, June 10, 2026
Riverside Dr./West End Ave.
Three Waterline Square launches lottery for UWS apartments priced from $782/month
Wednesday, June 10, 2026
Future New York
NYC's top 10 limestone buildings that exemplify architectural excellence + New developments continuing the tradition
Friday, June 5, 2026
Future New York
Making an Entrance: Top NYC Buildings with Porte-Cocheres and Dramatic Driveways
Wednesday, June 3, 2026
Future New York
Top 15 fitness centers in NYC condos as Radiant hits 60% sold and readies for move-ins
Friday, May 29, 2026
Future New York
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
