Newly built New York City condos grow in price

  • Manhattan grossed $2.3 billion in residential sales in July.
  • Average price per square foot for new development units was $2,405.
  • Downtown was the highest grossing region in Manhattan, with $829 million in condo sales last month.

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According to CityRealty’s monthly market report on New York City condos and co-ops, Manhattan grossed $2.3 billion in residential sales in July. Total home sales, including both condos and co-ops, reached 1,086 — up from 906 the month prior.