Downtown Manhattan leads borough in yielding sales, again

  • 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.

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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.