central midtown · median sale price 4% yoy median price/sq.ft. 34% yoy no. of transactions 15% yoy...
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7
CENTRAL MIDTOWN
A quarterly analysis of residential sales
in Central Midtown, Manhattan
1st Quarter 2019
Residential Market Report, 1st Quarter 2019Multifamily 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]
3% YoY
MANHATTAN
MEDIAN SALE PRICE
4% YoY
MEDIAN PRICE/SQ.FT.
34% YoY
NO. OF TRANSACTIONS
15% YoY
MEDIAN SALE PRICE
Residential Market Report, 1st Quarter 2019
Central Midtown, Manhattan
SUMMARY
$1.55M 71 $1,419 $1.12M
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]
2014
74
94
94
94
2015
66
94
2019
71
2018
53
73
70
76
2017
60
124
79
97
2016
98
91
98
74
96
90
Quarter
Q1
Q2
Q3
Q4
Number of Transactions
Median Sale Price by Year
Median Sale Price by Quarter
RESIDENTIAL STATS
$1.5M
$
$200K
$400K
$600K
$800K
$1.0M
$1.2M
$1.4M
$1.6M
$1.8M
$1.3M
$
$200K
$400K
$600K
$800K
$1.0M
$1.2M
$1.4M
$1.6M
$1.8M
71
0
20
40
60
80
100
120
140
Q1 Q2 Q3 Q4
2017 2018 2019
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]
Y-o-Y
-14%
-8%
-
Transactions
39
31
0
-10%
-15%
-
Median sale price/sqft
$1,779
$858
-
Property Type
Condos
Coops
Houses
Median sale price
$2,362,500
$598,000
-
Y-o-Y
Number of Sales by Building Type
Type of Residential Properties Sold
Median Sale Price per Square Foot
$1,419
$
$500
$1,000
$1,500
$2,000
$2,500
RESIDENTIAL SALES BREAKDOWN
56%
44% 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]
Coop
Coop
864
566
950
Coop
Condo
Coop
Condo
Coop
Coop
6-Feb-19
26-Feb-19
$970,000
$849,000
$765,000
$695,000
$692,000
$655,000
$630,000
$599,000
5-Feb-19
29-Mar-19
26-Feb-19
23-Jan-19
22-Mar-19
3-Jan-19
245 E 54th St #10L
222 E 58th St #20E
1-01270-0020
1-01309-1138
1-01271-0021
1-01271-1404
1-01327-1003
1-01331-1203
1-01328-0021
1-01331-1203
24 W 55th St #7CD
135 E 54th St #5K
27 W 55th St #72
77 W 55th St #14D
211 E 53rd St #9L
222 E 58th St #11C
1,490
973
777
1,250
1,230
1,277
1,253
1,052
Coop
Coop
Coop
Condo
Condo
Coop
Condo
Condo
Condo
Coop
Coop
Condo
$1,390,000
$1,350,000
$1,300,000
$1,150,000
$1,100,000
$1,055,000
$1,750,000
$1,580,000
$1,562,500
$1,547,500
$1,500,000
$1,425,000
21-Feb-19
28-Feb-19
8-Feb-19
15-Mar-19
14-Feb-19
4-Feb-19
28-Jan-19
21-Feb-19
27-Mar-19
12-Feb-19
6-Feb-19
10-Jan-19
1-01311-0065
1-01330-0004
1-01330-0004
1-01269-1172
1-01329-1025
1-01331-1203
1-01331-1307
1-01279-1022
1-01327-1221
1-01330-0004
1-01312-0069
1-01292-1017
110 E 57th St #10FG
200 E 57th St #10A
200 E 57th St #11N
15 W 53rd St #34C
235 E 55th St #40C
222 E 58th St #17B
207 E 57th St #6A
5 E 44th St #18
250 E 54th St #20F
200 E 57th St #3B
475 Park Ave #5C
725 Fifth Ave #31H
1,287
1,034
1,230
1,741
1,129
1,034
1,034
1,034
1,900
1,741
1,465
1,831
Coop
Condo
4,003
4,653
4,653
2,016
1,212
Condo
Condo
Condo
Condo
Condo
Condo
Condo
Condo
Condo
Condo
Condo
Condo
Condo
Condo
Condo
Condo
Coop
Condo
Condo
Condo
Condo
Condo
Condo
Condo
$2,121,913
$2,120,710
$2,118,000
$1,927,243
$1,775,000
$1,750,000
$2,500,000
$2,400,000
$2,325,000
$2,202,170
$2,180,787
$2,156,349
$3,770,275
$3,488,220
$3,200,000
$2,950,000
$2,800,000
$2,500,000
7-Feb-19
28-Jan-19
$15,000,000
$9,300,000
$9,300,000
$5,426,968
$4,381,225
$4,350,678
$4,000,000
$3,900,000
31-Jan-19
24-Jan-19
9-Jan-19
4-Feb-19
30-Jan-19
30-Jan-19
29-Mar-19
26-Mar-19
4-Jan-19
22-Jan-19
22-Feb-19
14-Jan-19
15-Mar-19
8-Feb-19
22-Feb-19
25-Feb-19
7-Jan-19
26-Mar-19
19-Feb-19
9-Jan-19
9-Jan-19
25-Feb-19
14-Jan-19
22-Mar-19
1-01307-1129
1-01307-1125
1-01287-1115
1-01307-1119
1-01331-1203
1-01331-1307
1-01307-1114
1-01312-1229
1-01263-1146
1-01307-1127
1-01307-1131
1-01307-1133
1-01307-1181
1-01307-1175
1-01274-0057
1-01312-1069
1-01292-1098
1-01312-1077
222 E 58th St #17FG
207 E 57th St #5A
1-01292-1357
1-01294-1056
1-01294-1056
1-01307-1174
1-01307-1126
1-01307-1124
1-01272-1041
1-01274-1513
100 E 53rd St #19B
100 E 53rd St #20B
100 E 53rd St #18B
100 E 53rd St #16B
641 Fifth Ave #36C
100 E 53rd St #12B
721 Fifth Ave #42A
115 E 57th St #29A
100 E 53rd St #9A
115 E 57th St #48A
18 W 48th St #34A
100 E 53rd St #17B
33 W 56th St #15A
1 Central Park S #905
100 E 53rd St #46B
100 E 53rd St #42B
24 Central Park S #2W
115 E 57th St #28A
432 Park Ave #35B
500 Park Ave #37A
500 Park Ave #37B
100 E 53rd St #42A
100 E 53rd St #17A
100 E 53rd St #16A
Property type
Condo
Condo
Condo
Condo
Sqft
8,038
3,952
3,974
1,202
Sale date
14-Feb-19
29-Jan-19
14-Mar-19
8-Mar-19
Sale price
$75,000,000
$30,691,657
$29,000,000
$19,600,000
Address
432 Park Ave #64A
432 Park Ave #95
1 Central Park S #2003
1 Central Park S #605
BBL
1-01292-1412
1-01292-1456
1-01274-1632
1-01274-1480
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]
1,458
600
450
385
Coop
Coop
Coop
Coop
Condo
Coop
$230,000
$24,544
$470,000
$435,000
$410,000
$405,000
$350,000
$320,000
13-Mar-19
6-Mar-19
14-Mar-19
19-Mar-19
29-Mar-19
7-Feb-19
1-01290-1232
1-01270-0020
1-01327-1003
1-01327-1003
1-01312-0028
1-01328-0030
1-01327-0037
1-01328-0017
153 E 57th St #6C
240 E 55th St #3B
220 E 54th St #6F
231 E 54th St #3A
2 E 55th St #1035
24 W 55th St #VESTI
650
440
211 E 53rd St #10H
211 E 53rd St #9H
8-Mar-19
7-Jan-19
Coop
Coop
Coop
Coop
Coop
Coop
Sqft
400
540
$505,000
$486,499
$480,000
$477,000
Property type
Coop
Coop
Coop
Condo
Coop
8-Feb-19
23-Jan-19
12-Feb-19
6-Feb-19
Sale price
$598,000
$575,000
$560,000
$521,000
$510,000
1-01328-0030
1-01328-0030
1-01311-0005
1-01328-0021
Sale date
13-Feb-19
18-Jan-19
8-Feb-19
25-Jan-19
21-Feb-19
240 E 55th St #7E
240 E 55th St #7D
111 E 56th St #412
245 E 54th St #18J
BBL
1-01331-0014
1-01312-1302
1-01312-0028
1-01271-0701
1-01312-0028
Address
227 E 57th St #3B
465 Park Ave #24S
153 E 57th St #9E
77 W 55th St #7A
153 E 57th St #19G
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]
T E R TNER TE
Jessie TorresNYC Condo, Co-op &
New Development Expert
David atner Commercial & esidential
Brooklyn xpert
Meet the power team for assisting you in selling, buying, renting, and investing in NYC real
estate
Connect with the leading team for selling, buying, and investing in NYC real estate
The atner Team at Warren Lewis Sotheby's International are your personal NYC real estate
contacts for getting what you want most out of your next transaction.
Sales & ental of Homes, Townhouses & Brownstones
NYC Condo Sales, urchases & entals
New Developments & Development Sites
Commercial roperty Multifamily Buildings, Mixed se, ffice Buildings, etail & Land
FF Market Investment roperties in Brooklyn and Manhattan
ead more ead moreead more
Eiffel DelRosarioResidential Sales &
Rentals Specialist
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
professional and effective service.” Joseph Fellner
"David, I can't express enough how grateful I am for all your hard work with selling my Cobble
Hill Townhouse! You did an amazing job and achieved a record that I didn't even expect, to be
honest. From now own any real estate related work is yours. Keep up the good work and I am
looking forward working with you again! “ David.K
"David & his Team was incredibly professional and responsive throughout our apartment search
process. He responded to emails promptly and ensured we felt secure about the lease and
apartment. Can't recommend him highly enough. “ Grace. G
"It was a pleasure working with Dave & his Team. Very professional, knowledgable and kept us
informed throughout the proccess. We have used their services before and will do so again in
the future. Halina and Jack (Local Landlords)”
"First and foremost, David is a good guy to deal with. More often then not, it's hard to find a
realtor who's easy going. David is professional, diligent and a good listener. He also doesn't BS.
He tells it like it is when he's creating a strategy for you, yet a smooth-talker with the landlords.
The bottom line is, he has your best interests in mind because he knows that a happy client is a
repeat client- and that will definitely be the case with me.” Spencer Zabiela
"David just recently landed me an amazing place in NYC. I was under a very limited amount of
time to find a new home and David was able to find me an awesome new apartment for a
great price and in an ideal location for work. The man knows how operate in times of pressure
and I'm proud to call him my friend after going through the moving process with him. The man
is honestly among the best of the best in the industry and I'd highly recommend him to anybody
who is serious about finding the right home. “ Tyler Clinton
READ MORE REVIEWS
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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THE BROOKLYN MADE SHOWrom T e Ratner Team t s s t e roo n ade odcast a s ow a o troo n rea estate entre rene rs s nesses and t e ro ess ona s e ndone o t e ottest rea estate mar ets n t e wor d.
T e roo n ade ow s a one sto s o or an one nterested n ewor Rea state ntre rene rs and s ness. n t e s ow o earna a e ns ts rom ew or s nd str eaders.
tate to date w t t e atest oca rea estate and s ness news. o owmar et trends sten to e c t n oca stor es and m c more
ac mont o r s ow w eat re oca entre rene rs ro ess ona s and reaestate e erts t at we are ea er or o to meet.
www. roo n ade. o odcast
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]
O U R P R E F E R R E D V E N D O R S
SPARTAN RENOVATIONS
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]