Monthly Take - August 2025

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AUGUST 2025 MANHATTAN MONTHLY TAKE

In the next 3 months, key questions affecting New York City home buyers and sellers may be answered and include: -The direction of mortgage rates -Inflation trends -The impact of rising U.S. debt on Treasury yields Other uncertainties involve: -Tax and tariff policy -Consumer costs (especially the cost to build and renovate) -Employment shifts due to AI -The outcome of the NYC mayoral race With so many variables poised to become clearer, does now present a prime buying opportunity? We will soon know that too!

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Read on and get our AUGUST Take: ✦ New Development Spotlight: 38 Gramercy Park ✦ Food News: Fall Bites: New NYC Openings to Watch! ✦ Celeb Real Estate Buzz ✦ NYC Home & Lifestyle Trends: Freshen Up Your Space with a Splash of Color! Let's talk soon! Stacey and Julie

New Development Spotlight 38 Gramercy Park ✦ Developer: Legion Investment Group and Gindi Capital ✦ Designer: Roman & Williams ✦ 20-story, 57-unit luxury condominium ✦ Prewar inspired with floor-to-ceiling living room windows ✦ Amenities will include a key to the park ✦ Project expected to be completed by 2027 *Photo credits to the building website

Fall Bites: NYC Openings to Watch!

Here's a taste of what's coming in the Fall! ✦ Phillipe Chow: After closing its UES location after 20 years, PC will be back bringing upscale Chinese dining back to a new flagship location in Midtown East. Stop in for the hand-pulled noodles and iconic Peking Duck. Opening @ 10 E. 52nd St. ✦ Sea Horse: A seafood-forward concept by Mercer Street Hospitality (Lure Fishbar, Bowery Meat Company) which will deliver ocean-inspired plates and seasonal elegance. Opening @ 201 Park Avenue South ✦ Taqueria Condesa: Named after a neighborhood in Mexico City, there will be 13 varieties of tacos at this new Hell's Kitchen hotspot. Opening @ 824 9th Ave.

Celeb Real Estate Rundown

✦ Paul Newman and Joanne Woodward SOLD the PH at 1120 5th Avenue for $14MM: This elegant UES residence soared past its asking price after igniting a bidding war. The home boasts classic prewar design, a spacious outdoor terrace, and stunning views of Central Park. ✦ Actor Elan Zafir LISTS 3D at 210 East 17th Street for $800K: The charming 2-bedroom features oversized windows, a renovated kitchen and views of St. George Church. ✦ Ana de Armas SOLD her loft at 169 Spring Street for $3.495MM: After relaunching the listing earlier this year, the Cuban actress closed on the sale of this chic 2-bedroom loft which includes a chef's kitchen, south-facing windows, and modern updates by Nate Berkus.

Brighten Up Your Home with a Splash of Color!

3 easy ways to bring a little punch of color into your space: ✦ Bold Accent Pieces Add a vibrant statement dish ✦ Art That Pops Introduce a colorful painting or gallery wall ✦ Coffee Table Book Place books with different hues in your space

How is the Luxury Market YTD? Residential Properties In Contract $4MM and above Source: Olshan Report Co-op July 2025: 195 July 2024: 164 Condo July 2025: 571 July 2024: 509 Condop July 2025: 13 July 2024: 12 Townhouse July 2025: 107 July 2024: 88 Total Contracts July 2025: 886 July 2024: 773 Avg. Price Reduction July 2025: 9% July 2024: 10% Avg. Days On Market July 2025: 657 July 2024: 656

Which Kanbar Kopel Team Listing is your Favorite?

Featured Coming Soon Listing

Upper West Side 4 BD | 4 BA

Upper West side 3 BD | 2.5 BA Upper West Side 2 BD | 2 BA

Featured Active Listing 1 5th Ave, Apt. 5GH 2 BD | 2.5 BA | $4,395,000 | Active

400 East 67th Street, Apt. 3CD 4 BD | 4 BA | $3,295,000 | Active 401 East 86th Street, Apt. 15C 2 BD | 2 BA | $1,395,000 | Active 403 East 62nd Street, Apt. 7C 1 BD | 1 BA | $759,000 | Active 304 West 88th Street, Apt. 4B 1 BD | 1 BA | $550,000 | Active

Featured In Contract 860 5th Avenue, Apt. 11H 2 BD | 2 BA | $4,750,000 | In Contract 211 West 84th Street, Apt. 6E 2 BD | 3 BA | $3,675,000 | In Contract 33 West 67th Street, Apt. 6FE 3 BD | 2 BA | $2,600,000 | In Contract 56 Pine Street, Apt. 12E 1 BD | 1 BA | $499,000 | In Contract

Featured Transactions 4 East 77th Street 5 Stories | $16,000,000 | Sold

360 East 89th Street, Apt. 31B 3 BD | 4 BA | $4,375,000 | Sold 430 East 58th Street, Apt. 28A 3 BD | 4 BA | $4,300,000 | Sold 200 East 79th Street, Apt. 4B 4 BD | 5 BA | $5,395,000 | Sold 50 Bridge Park Drive, Apt. 8A 4 BD | 4 BA | $4,250,000 | Sold 325 West End Avenue, Apt. 4A 4 BD | 4 BA | $3,712,500 | Sold 315 Riverside Drive, Apt. 11D 3 BD | 3 BA | $2,500,000 | Sold 91 Central Park West, Apt. 12E 2 BD | 2 BA | $2,475,000 | Sold 125 East 84th Street, Apt. 2A 3 BD | 3 BA | $2,395,000 | Sold 200 East 66th Street, Apt. D1203 2 BD | 2 BA | $2,375,000 | Sold 10 Madison Square West, Apt. 7H 1 BD | 1 BA | $1,950,000 | Sold 201 East 66th Street, Apt. 10M 2 BD | 2 BA | $1,825,000 | Sold 2025 Broadway, Apt. 7AB 3 BD | 2 BA | $1,400,000 | Sold 201 East 17th Street, Apt. 16H 2 BD | 2 BA | $1,340,000 | Sold 515 East 79th Street, Apt. 29B 2 BD | 3 BA | $1,325,000 | Sold 107 West 86th Street, Apt. 16A 2 BD | 2 BA | $1,295,000 | Sold 315 West 99th Street, Apt. 1B 3 BD | 2 BA | $1,200,000 | Sold

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Office: 646-982-0353 Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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