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SEPTEMBER 2020 Cityrealty Is the Website for NYC Real Estate

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SEPTEMBER 2020 Cityrealty Is the Website for NYC Real Estate THE CITYREALTY 100 REPORT 2020 SEPTEMBER 2020 100THE CityRealty is the website for NYC real estate, providing high-quality listings and tailored agent matching for pro- spective apartment buyers, as well as in-depth analysis of the New York real estate market. 1 THE CITYREALTY 100 REPORT 2020 Buildings in The CityRealty 100 12-MONTH SALES / PAST 12-MONTH SALES / PAST BUILDING PRICE/FT2 AVG 12 MONTHS BUILDING PRICE/FT2 AVG 12 MONTHS 220 Central Park South $7,356 (8%) 41 The Century, 25 Central Park West $2,057 (-26%) 9 520 Park Avenue $4,916 (-13%) 2 101 Warren Street $2,054 (20%) 3 Residences at the Mandarin Oriental $4,772 (-2%) 3 530 Park Avenue $2,051 (-10%) 3 One57, 157 West 57th Street $4,090 (10%) 8 SoHo Mews, 311 West Broadway $2,024 (2%) 2 Time Warner Center, 25 Columbus Circle $3,863 (-14%) 5 The Astor, 235 West 75th Street $2,020 (-2%) 4 Walker Tower, 212 West 18th Street $3,728 1 The Beekman Residences, 5 Beekman $2,017 (3%) 2 The Greenwich Lane $3,720 (17%) 3 The Kent, 200 East 95th Street $1,975 (-12%) 16 212 Fifth Avenue $3,255 (-8%) 3 The Harrison, 205 West 76th Street $1,952 3 160 Leroy Street $3,245 (-10%) 4 250 West Street $1,927 (-12%) 3 432 Park Avenue $3,214 (-41%) 5 The Park Imperial, 230 West 56th Street $1,925 4 One Madison, 23 East 22nd Street $3,192 (4%) 1 108 Leonard, 108 Leonard Street $1,906 51 70 Vestry Street $3,161 (-32%) 2 One Hundred Barclay Tribeca $1,894 (-4%) 9 Park Millennium, 111 West 67th Street $3,123 (43%) 3 J.W. Marriott Essex House $1,885 (-6%) 8 Fifteen Hudson Yards, 15 Hudson Yards $3,074 (16%) 75 The Chatham, 181 East 65th Street $1,860 (-17%) 6 21 East 12th Street $3,070 (9%) 18 100 Eleventh Avenue $1,851 (9%) 1 The Plaza, 1 Central Park South $3,032 (-11%) 4 Caledonia, 450 West 17th Street $1,824 (-26%) 7 56 Leonard Street $2,996 (-5%) 6 Sheffield 57, 322 West 57th Street $1,776 (-7%) 14 443 Greenwich Street $2,977 (14%) 3 Trump International, 1 Central Park West $1,757 (-50%) 6 The Bryant, 16 West 40th Street $2,906 (10%) 6 Park Avenue Place, 60 East 55th Street $1,740 (-55%) 2 180 East 88th Street $2,903 (35%) 6 The Grand Millennium, 1965 Broadway $1,723 (-28%) 6 299 West 12th Street $2,788 (30%) 7 The Laurel, 400 East 67th Street $1,703 (5%) 1 565 Broome SoHo, 565 Broome Street $2,737 (10%) 19 Manhattan House, 200 East 66th Street $1,700 (2%) 21 Madison Square Park Tower $2,728 (-12%) 13 Central Park Place, 301 West 57th Street $1,694 (-12%) 11 150 Charles Street $2,710 (-26%) 4 50 West, 50 West Street $1,691 (-27%) 3 The Park Loggia, 15 West 61st Street $2,666 (8%) 49 Riverhouse One Rockefeller Park $1,679 (-9%) 7 Morton Square, 1 Morton Square $2,645 (46%) 1 The Empire, 188 East 78th Street $1,676 (-6%) 2 30 Lincoln Plaza, 30 West 63rd Street $2,575 (16%) 8 737 Park Avenue $1,674 (-19%) 1 53W53, 53 West 53rd Street $2,574 35 One Riverside Park, 50 Riverside Blvd $1,634 (-2%) 7 Superior Ink, 400 West 12th Street $2,531 (22%) 2 Trump Tower, 721 Fifth Avenue $1,620 (-14%) 9 Millennium Tower, 101 West 67th Street $2,497 (-14%) 2 The Siena, 188 East 76th Street $1,596 (1%) 3 Baccarat Hotel & Residences, $2,494 (-25%) 1 Trump World Tower, 845 UN Plaza $1,582 (-4%) 8 Two Waterline Square $2,395 41 3 Lincoln Center, 160 West 66th Street $1,534 (-10%) 2 Manhattan View at MiMa $2,395 (-8%) 2 Olympic Tower, 641 Fifth Avenue $1,527 (-21%) 5 111 Murray Street $2,393 (-17%) 29 The Rushmore, 80 Riverside Boulevard $1,459 (-22%) 8 50 United Nations Plaza $2,382 (5%) 2 Metropolitan Tower, 146 West 57th $1,440 (-18%) 1 10 Madison Square West Street $2,359 (-8%) 6 The Heritage , 240 Riverside Boulevard $1,276 (-28%) 2 277 Fifth Avenue $2,350 (-5%) 17 Museum Tower, 15 West 53rd Street $1,276 (-7%) 6 15 Central Park West $2,337 (-54%) 3 One Beacon Court, 151 East 58th Street n/a n/a 520 West 28th Street $2,317 (-15%) 3 515 Park Avenue n/a n/a 252 East 57th Street $2,300 (-6%) 2 165 Charles Street n/a n/a The Apthorp, 2211 Broadway $2,300 (26%) 2 Laureate, 2150 Broadway n/a n/a The Centrale, 138 East 50th Street $2,287 9 135 East 79th Street n/a n/a The Four Seasons Private Residences $2,286 (-20%) 7 40 Bond, 40 Bond Street n/a n/a The Woolworth Tower Residences $2,204 (-15%) 5 15 Union Square West n/a n/a One West End, 1 West End Avenue $2,199 (-5%) 18 One Jackson Square, 122 Greenwich n/a n/a One Manhattan Square, 252 South St. $2,195 (8%) 138 200 East 79th Street n/a n/a The Park 900, 900 Park Avenue $2189 (7%) 4 The Lucida, 151 East 85th Street n/a n/a Devonshire House, 28 East 10th Street $2,180 (0%) 6 500 Park Tower, 500 Park Avenue n/a n/a 100 East 53rd Street $2,108 (-8%) 3 400 Fifth Avenue n/a n/a 121 E 22nd, 121 East 22nd Street $2,102 (3%) 12 The Centria, 18 West 48th Street n/a n/a Percentage changes based on the current 12-month period, ending June 30, 2020, vs. previous 12-month period 2 THE CITYREALTY 100 REPORT 2020 Summary During the year-long period starting July 1, 2019 and ending June 30, 2020, the average price per square foot was $2,620, which represents a year-over-year price decrease of 3%. Prices were stable in part because of closings recorded in top-of- the-market newer developments such as 220 Central Park South, 15 Hudson Yards, and 180 East 88th Street made stronger showings than last year The number of transactions was largely unchanged from the same period a year ago. Given that 25 new developments were added to the list that were not present last year, there was an increase of 550 closed sales year over year. There were 1,759 apartment sales in buildings that are part of The CityRealty 100, a 45% decrease from the 1,209 sold in the same period a year ago. Average Price Per Square Foot $4,000 $3,000 $2,000 $2,6202 AVG PRICE / FT YEAR-LONG PERIOD $1,000 ENDING JUNE 30, 2020 0 2013 2014 2015 2016 2017* KEY: AVG PPSF Transaction Volume 1,200 1,000 800 600 400 1,759 TOTAL SALES 200 YEAR-LONG PERIOD ENDING JUNE 30, 2017 0 2013 2014 2015 2016 2017* KEY: TOTAL SALES Rolling year data runs from July 1st through June 30th. 3 THE CITYREALTY 100 REPORT 2020 CityRealty Indices Overview CityRealty’s broad portfolio of indices track condominium prices by categories that include architects, building type, neighborhoods, and building age. The CityRealty 100 High Line Condos www.cityrealty.com/nyc/building-indices/the-cityrealty-100/1 www.cityrealty.com/nyc/building-indices/high-line-condos/111 Architects West Side Condos www.cityrealty.com/nyc/building-indices/west-side-condos/5 Starchitect Condos www.cityrealty.com/nyc/building-indices/starchitect-condos/112 East Side Condos www.cityrealty.com/nyc/building-indices/east-side-condos/6 Costas Kondylis www.cityrealty.com/nyc/building-indices/costas-kondylis/113 Second Avenue Subway www.cityrealty.com/nyc/building-indices/second-avenue-subway/49 Building Types Brooklyn Bridge Park High-Rise Condos www.cityrealty.com/nyc/building-indices/brooklyn-bridge-park/71 www.cityrealty.com/nyc/building-indices/high-rise-condos/110 Fourth Avenue Corridor Boutique Condos www.cityrealty.com/nyc/building-indices/fourth-avenue-corridor/69 www.cityrealty.com/nyc/building-indices/boutique-condos/8 Building Age Condo Conversions www.cityrealty.com/nyc/building-indices/condo-conversions/116 1980s Condos www.cityrealty.com/nyc/building-indices/1980s-condos/92 Large Condos www.cityrealty.com/nyc/building-indices/large-condos/115 1990s Condos www.cityrealty.com/nyc/building-indices/1990s-condos/93 Neighborhoods, Regions and Micro-Neighborhoods 2000s Condos Brooklyn Condos www.cityrealty.com/nyc/building-indices/2000s-condos/109 www.cityrealty.com/nyc/building-indices/brooklyn-condos/4 Developers Downtown Condos www.cityrealty.com/nyc/building-indices/downtown-condos/3 Extell Condos www.cityrealty.com/nyc/building-indices/extell-condos/89 Midtown Condos www.cityrealty.com/nyc/building-indices/midtown-condos/29 Trump’s Towers www.cityrealty.com/nyc/building-indices/trumps-towers/90 NoMad Condos www.cityrealty.com/nyc/building-indices/nomad-condos/70 Central Park Condos www.cityrealty.com/nyc/building-indices/central-park-condos/91 12 THE CITYREALTY 100 REPORT 2020 Methodology The CityRealty 100 is an index of the top 100 residential condominiums in Manhattan. CityRealty follows a strict set of criteria to determine which buildings are included in The CityRealty 100. All buildings must have a minimum average price/ft2 of $1,000 for recorded sales during the preceding 12 months. If the buildings have had no recorded transactions in the past 12 months, then the last transaction value is used. For newly constructed properties, a minimum of three months' closing history is required. The building's prominence, popularity, and desirability among purchasers and brokers is also taken into consideration, as is CityRealty’s rating for the building.
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