The second quarter of 2022 is expected to be Manhattan’s strongest on record due to a surge in the borough’s ultraluxury market, according to a market report from CityRealty. While transaction volume decreased 11 percent year-over-year, an increased demand, low inventory, and a small number of new residential developments have caused prices to rise. Between April and June, the average sales price for a residential unit in Manhattan was $2.19 million, up 9 percent from its $2 million average in Q2 of 2021. Ahead, find a round-up of the top 10 residential buildings by aggregate sales in Manhattan during the second quarter of 2022.
CityRealty, Manhattan, real estate trends
Here are Manhattan’s 10 best-selling residential buildings in Q2 2022, Tue, August 2, 2022
Central Park South, CityRealty, real estate trends
220 Central Park South is the best-selling NYC condo by a long shot, Thu, January 7, 2021
220 Central Park South as seen in May. Photo by Jim.henderson (cropped) via Wikimedia Commons
In a year where the number of real estate sales dropped significantly in New York City, it was a few top-tier new developments that kept things afloat. According to the CityRealty 100 report—an index comprised of the top 100 condominium buildings in Manhattan—this includes closings in 15 Hudson Yards, The Park Loggia, and Waterline Square. It also includes 220 Central Park South, which accounted for the top 22 sales during the 12 month period of this report and had a total of $1.52 billion in cumulative sales in 46 units.
The Rockefeller Center ice skating rink will only be open for two months this year, Mon, November 9, 2020
Photo by Shinya Suzuki via Flickr cc
As was first reported by the New York Times, the famous ice skating rink at Rockefeller Center will be be open for the holidays this year, but it will be a much abbreviated season. The rink will open a month later to give more time to restaurants currently using the plaza for outdoor dining, and it will close several months early on January 17 to begin work on a major revamp that was approved by the Landmarks Preservation Commission in April.
CityRealty, real estate trends
Over the last four years, sale prices at Trump-branded condos dropped by 25 percent, Thu, September 10, 2020
While some of Donald Trump’s family businesses have managed to profit from his presidency, his condo buildings in New York City continue to see significant price drops. According to a new report from CityRealty, owners of apartments at Trump-branded buildings in the city are “eager to get out,” even willing to take a significant loss on their properties. From 2016 to 2020, overall closing sales prices at nine Trump-branded condos dropped by 25 percent, according to CityRealty’s index tracking prices at Manhattan buildings owned by the Trump Organization.
CityRealty, real estate trends
Upper West Side and Murray Hill saw the biggest price drops during the COVID crisis, Wed, July 29, 2020
Photo by ajay_suresh via Flickr cc
Anyone who follows the NYC real estate market knows that there are deals to be had right now. But WHERE exactly can you get the most bang for your buck? CityRealty compared sale listings in January to those last week and found that the overall listing price among Manhattan condo, co-op, condop, and townhouse listings has fallen an average of 11 percent to $2,175,000 in the past seven months. And when it comes to specific neighborhoods, Lincoln Center, the Upper West Side neighborhood mainly centered around the 60s, saw prices fall the most at 32 percent. Murray Hill was next at 26 percent, followed by Beekman/Sutton Place at 22 percent.
CityRealty, Policy, Restaurants
Outdoor dining in NYC will be extended through October, Fri, July 17, 2020
Open streets dining outside the Beatrice Inn; Photo (cropped) by Eden, Janine and Jim on Flickr
Since NYC entered phase 2 of reopening on June 22, more than 8,600 restaurants have begun participating in the Open Restaurants program, which allows restaurants to set up seating on sidewalks, curb cuts, in adjacent parking spots, and on certain designated open streets. Indoor dining in the city, however, has been postponed indefinitely. So to keep outdoor dining expanding and thriving, Mayor de Blasio announced today that he’s extending the program through October 31.
This week’s NYC sing along goes national with ‘Lean on Me’, Tue, April 21, 2020
Photo by Norbert Kundrak on Unsplash
On April 3, three-time Grammy Award winner Bill Withers passed away at the age of 81. Among his top hits were “Ain’t No Sunshine,” “Lovely Day,” and “Lean on Me,” which will be the song New Yorkers will sing to out their windows this Thursday evening. Volunteer community choir Peace of Heart Choir kicked off the city-wide sing along last week with Frank Sinatra’s “New York, New York.” This week, the event is planned to reach the entire nation.
NYC removed 80 basketball hoops from parks, Fri, March 27, 2020
Rimless basketball hoops at Riverside Park and 74th Street on Friday, March 27. Photo © Dana Schulz for 6sqft.
In the recent weeks, Mayor de Blasio and Governor Cuomo have taken different approaches when it comes to social distancing measures in public spaces, but one thing they’ve agreed on is that basketball games need to stop. In his press conference on Wednesday, the Mayor spoke about the specific problem related to basketball courts and announced that he’d received reports from the Parks Department and the NYPD that 80 courts around the city, out of a total of 1,700, were an ongoing issue. He went on to say that the basketball hoops at these locations would be removed, which they were yesterday.
CityRealty, Upper West Side
Beloved Upper West Side shop Book Culture closes for good, Tue, January 21, 2020
Book Culture on Columbus on Thursday 1/9/20, taken by 6sqft
Drawing comparisons to “The Shop Around the Corner” in the movie “You’ve Got Mail” (which is also set on the Upper West Side), Book Culture became a beloved neighborhood shop for its whimsical atmosphere, great selection of books, and cozy children’s reading room. But this past year, the store’s owner penned a letter to city officials asking for a $500,000 loan to stay afloat amid unpaid vendor debts and loans. Earlier this month, a city marshal seized the store for “eviction action” due to unpaid rent, West Side Rag reported. Though the store was hopeful it could find a solution to remain open (even starting a Post-it Note campaign where customers left their support on the storefront), they announced today in an email that their doors are shut forever.
CityRealty, real estate trends
Sales at Trump-branded condos continue to fall behind the rest of Manhattan, Thu, January 2, 2020
Photo by Krystal T via Flickr cc
In November, 6sqft shared data that showed sales at Trump Tower were still in a post-2016 slump, but year-end figures show that the decline is a larger trend across Trump-branded buildings in NYC. According to CityRealty’s annual Manhattan Year-End Report, “In the third full year of Donald Trump’s presidency, the average sales price for the 11 Trump-branded condos in Manhattan once again fell below the Manhattan condo average.”