6
CENTRAL MIDTOWN
A monthly analysis of residential sales
in Central Midtown, Manhattan
November 2018
Residential Market Report, November 2018Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
-6% YoY
MANHATTAN
MEDIAN SALE PRICE
-36% YoY
MEDIAN PRICE/SQ.FT.
-13% YoY
NO. OF TRANSACTIONS
-36% YoY
MEDIAN SALE PRICE
Residential Market Report, November 2018
Central Midtown, Manhattan
SUMMARY
$1.06M 21 $1,279 $1.03M
NEIGHBORHOOD BOUNDARIES
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Year
2013
2014
2015
2016
2017
2018
Jan
15
25
14
31
17
20
Feb
25
21
24
27
21
19
Mar
28
28
28
40
22
14
Apr
35
40
22
22
43
27
May
39
20
33
37
40
23
Jun
28
34
39
32
41
23
Jul
41
32
31
30
18
28
29
26
Sep
34
34
32
32
32
16
Aug
38
28
33
36
Dec
22
32
34
29
40
22
33
24
Nov
27
23
20
23
24
21
Oct
33
39
36
Number of Transactions
Median Sale Price by Quarter
Median Sale Price by Month
RESIDENTIAL STATS
$1.1M
$
$500K
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
$1.1M
$
$200K
$400K
$600K
$800K
$1.0M
$1.2M
$1.4M
$1.6M
$1.8M
20 1914
2723 23
28 26
16
2421
0
10
20
30
40
50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 2017 2018
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Houses -
-35% $1,000 -11% 10
- - - 0
Condos $1,650,000 $1,742
Y-o-YProperty Type Median sale price Median sale price/sqft
Coops $850,000
Y-o-Y Transactions
-41% -19% 12
Number of Sales by Building Type
Type of Residential Properties Sold
Median Sale Price per Square Foot
$1,279
$
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
RESIDENTIAL SALES BREAKDOWN
55%
45%Condos
Coops
Houses
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
1,477
492
1,300
1,500
1,000
1,300
730
513
779
481
Condo
Condo
Condo
Coop
Coop
Coop
Coop
Condo
Coop
Condo
Condo
Coop
Coop
Condo
Coop
Coop
$850,000
$780,000
$640,000
$630,000
$615,000
$430,000
$430,000
$2,700,000
$1,650,000
$1,525,000
$1,500,000
$1,175,000
$1,150,000
$980,000
$910,000
$850,000
14-Nov-18
20-Nov-18
29-Nov-18
9-Nov-18
12-Nov-18
13-Nov-18
12-Nov-18
28-Nov-18
13-Nov-18
7-Nov-18
15-Nov-18
28-Nov-18
20-Nov-18
15-Nov-18
9-Nov-18
15-Nov-18
1-01292-1220
1-01309-1199
1-01327-1228
1-01330-0004
1-01270-0020
1-01331-1203
1-01294-0033
1-01271-0408
1-01270-0020
1-01312-1122
1-01310-1562
1-01328-0021
1-01328-0021
1-01310-1080
1-01327-0037
1-01312-0028
117 E 57th St #34F
150 E 56th St #10A
245 E 54th St #15P
245 E 54th St #12R
141 E 55th St #11F
220 E 54th St #8L
153 E 57th St #10L
721-725 Fifth Ave #59A
135 E 54th St #10J
250 E 54th St #27A
200 E 57th St #4N
24 W 55th St #8C
225 E 57th St #8G
480 Park Ave #14J
77 W 55th St #4H
24 W 55th St #PHD
Condo
432 Park Ave #68B
1-01292-1362
15-Nov-18
$15,443,814432 Park Ave #38A
$3,999,631
Address
432 Park Ave #72B
$27,500,000
1-01330-1128 1-Nov-18252 E 57th St #42D
4,082
BBL
1-01292-1429
1-01292-1421
9-Nov-18 Condo
SqftSale price
20-Nov-18
Sale date Property type
4,019
4,019
Condo
Condo
$29,500,000
LIST OF TRANSACTIONS
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
THE RATNER TEAM
Nate Pfa� Residential Sales &
Rental Specialist
Jessie TorresNYC Condo, Co-op &
New Development Expert
David Ratner Commercial & Residential
Brooklyn Expert
Meet the power team for assisting you in selling, buying, renting, and investing in NYC real
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Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
C L I E N T R E V I E W S"I asked David & his Team to find a tenant for my building. Could not have asked for a more
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who is serious about finding the right home. “ Tyler Clinton
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Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
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Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]
THE BROOKLYN MADE SHOWFrom The Ratner Team, this is the Brooklyn Made Podcast, a show about Brooklyn real estate, entrepreneurs, businesses and the professionals behind one of the hottest real estate markets in the world.
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Multifamily Market Report, 3rd Quarter 2018
Warren Lewis Sotheby's International Realty
The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: [email protected]