Downtown Manhattan’s dominance in 2016 condo sales continues, according to a recent market report from CityRealty. With $575 million in condo sales, the Downtown neighborhood delivered the highest portion of earnings in the borough again last month, albeit falling slightly from the $591 million in transactions in February.
- At no. 2 in grossing sales in the report, Midtown procured $278 million in residential transactions in February.
- According to CityRealty’s report, Manhattan pulled $1.8 billion in aggregate sales in February, down from $1.9 billion in January.
- Manhattan closed 818 units across all apartment types in February, down from 894 the preceding month.
- Three major contenders assisted in Manhattan’s excessive average cost: the Whitney Condos on 33 E. 74th St., the Puck Penthouses at 293 Lafayette St. in SoHo and 432 Park Ave.