Cold Hard Facts

Posted July 28th, 2014 by Matthew Lesser

We specialize in townhouse and building sales in Manhattan. When representing sellers my area of focus is the downtown market. We pride ourselves on knowing the market better than anyone else. Below is a snapshot of 2014 first half data.


CHELSEA

(14th street to 29th streets from Fifth Avenue to the Hudson River)


AVERAGE SALES PRICE

Residential: $6.987mm (8 Transactions vs. 18 in 1H2013)

Commercial/Development: $11.323mm (7 Transactions vs. 10 in 1H2013)

Combined: $9.011mm (15 Transactions vs. 27 in 1H2013)


AVERAGE P.P.S.F:

Residential: $1,053

Commercial/Development: $729

Combined:$902


CENTRAL VILLAGE

(1st Street to 14th streets from Fifth Avenue to First Avenue)


AVERAGE SALES PRICE $8.893mm

AVERAGE PPSF $845

10 Transactions vs. 13 transactions in 1H2013


GRAMERCY

(15th Street to 29th Street from Fifth Avenue to First Avenue)


AVERAGE SALES PRICE $7.156mm

AVERAGE PPSF $841

13 Transactions vs. 10 transactions in 1H2013

OTHER NEWS