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MARCH 2026 MANHATTAN MONTHLY TAKE |
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| Despite February’s significant snowstorm, buyers began transacting ahead of the traditional spring market, most notably in the luxury segment. Contracts for properties priced at $10 million+ increased meaningfully, an early indicator that typically signals a strong season ahead.
February closed with 123 contracts signed, slightly above 114 in February 2025, and the total dollar volume surged to $1.38B versus $955M last year, driven by several high-priced deals (Olshan Report).
Key macro factors supporting this momentum include: The 10-year Treasury has dipped below 4%, easing mortgage rates. Bonus season, larger tax refunds, and modest wage growth are improving liquidity. Equity markets remain near record highs, reinforcing buyer confidence.
While geopolitical tensions, particularly the war with Iran, create global uncertainty, NYC’s housing market continues to demonstrate notable resilience.
We will soon see what the spring will bring... |
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Want to learn more about the market? |
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Read on and get our MARCH Take: |
| ✦ New Development Spotlight: 126 East 57th Street ✦ Food News: 🍽️ Our Team’s Favorite NYC Restaurants 🍽️ ✦ Celeb Real Estate Buzz ✦ NYC lifestyle: 💋 Keep Your Lips Soft 💋
Let's talk soon! Stacey and Julie |
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New Development Spotlight |
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| | 126 East 57th Street (btwn Lexington and Park Avenue) |
| ✦ Developer: MRR Development ✦ Architect: ODA Architecture ✦ 28-story ✦ 147-unit luxury condominiums ✦ Studio-3 Bedrooms ✦ 10’+ ceiling height and outdoor spaces ✦ Amenities: roof terrace, gym, basketball, lounges & playroom ✦ Estimated date of completion Spring of 2026
*Photo credits to the building website |
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🍽️ Our Team’s Favorite NYC Restaurants 🍽️ |
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| | ✦ Manhatta: Perched sixty stories above and famed for truly breathtaking panoramic views seen from floor to ceiling windows, Danny Meyer's USHG Group brings a fine dining experience with a focus on local ingredients. 28 Liberty Street (btwn Nassau and William Street)
✦ Cafe Carmellini: James Beard award-winning chef Andrew Carmellini blends Italian and French cooking with a classic New York feel. The space is spectacular and highlights the landmark building's original neoclassical architecture with maximalist style. It features two grand sculptural trees, a carefully curated art collection and dining balconies. 250 5th Avenue (btwn 28th and 29th Street)
✦ The Pool: With its 20 foot ceilings, central pool and chain curtains, this iconic NYC institution has been home to the City's most storied parties and events for over half a century. The accompanying "The Grill" dining room serves refined American cuisine specializing in seafood and prime meats. 99 E 52nd Street (btwn Lexington and Park Avenue) |
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| Celeb Real Estate Rundown |
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✦ Francisco Lindor PURCHASED PH5 at 200 East 75th Street for $21.2M: A 6-bed, 6.5-bath, 5,300 sf UES penthouse with 11-foot ceilings and arched windows, offering seamless indoor-outdoor living with sweeping skyline views.
✦ The late Giorgio Armani's NYC apartment at 760 Madison Avenue, 6B LISTS for $9.95M: This 2-bed, 2.5-bath, 2,005 sf residence with bespoke Armani/Casa interiors has a semi private elevator landing which opens to a grand entrance gallery clad in Gascogne Beige honed limestone slab flooring.
✦ Ron Perelman SOLD 36 East 63rd Street for $46.75M: A 10 bed, 10.5‑bath, 15,875 sf 40 ft wide townhouse with over 3000 sf of outdoor space (garden and roof). The house also has 2 large elevators, a private and a service, a special feature rarely found in townhouses. |
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How is the Luxury Market YTD? Residential Properties In Contract $4MM and above |
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| | | February 2026: 50 February 2025: 48 |
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| | | February 2026: 144 February 2025: 144 |
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| | | February 2026: 6 February 2025: 3 |
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| | | February 2026: 33 February 2025: 28 |
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| | | February 2026: 233 February 2025: 223 |
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| | | February 2026: 7% February 2025: 9% |
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| | | February 2026: 649 February 2025: 721 |
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Which Kanbar Kopel Team Listing is your Favorite? |
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| | 2 BD | 2 BA | $849,000 | Active |
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| | | 2 BD | 2 BA | $1,250,000 | In Contract |
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| | | | 2 BD | 2 BA | $7,995 | Rented |
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| | | 3 BD | 4 BA | $6,200,000 | Sold |
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| | | | 2 BD | 2 BA | $4,650,000 | Sold |
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| | 4 BD | 4 BA | $4,500,000 | Sold |
| | | 2 BD | 3 BA | $3,700,000 | Sold |
| | | 3 BD | 3 BA | $2,395,000 | Sold |
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| | | | 2 BD | 3 BA | $4,250,000 | Sold |
| | | 3 BD | 2 BA | $2,600,000 | Sold |
| | | 2 BD | 3 BA | $2,195,000 | Sold |
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| | | 2 BD | 2 BA | $1,695,000 | Sold |
| | | 2 BD | 2 BA | $1,395,000 | Sold |
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| | | | 2 BD | 2 BA | $1,525,000 | Sold |
| | | 3 BD | 2 BA | $1,350,000 | Sold |
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| | | 1 BD | 1 BA | $749,000 | Sold |
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| | | | 1 BD | 1 BA | $535,000 | Sold |
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| | | 6 BD | 12 BA | $16,000,000 | Sold |
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| | | 8 BD | 10 BA | $12,000,000 | Sold |
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| | | | 4 BD | 5 BA | $4,999,999 | Sold |
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| | | 3 BD | 4 BA | $4,375,000 | Sold |
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| | | | 3 BD | 4 BA | $4,300,000 | Sold |
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| | | 4 BD | 4 BA | $4,250,000 | Sold |
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| | | | 4 BD | 4 BA | $3,712,500 | Sold |
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| | | 3 BD | 3 BA | $2,500,000 | Sold |
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| | | | 2 BD | 2 BA | $2,475,000 | Sold |
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| | | 3 BD | 3 BA | $2,395,000 | Sold |
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| | | | 2 BD | 2 BA | $2,275,000 | Sold |
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| | | 1 BD | 1 BA | $1,900,000 | Sold |
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| | | | 2 BD | 2 BA | $1,850,000 | Sold |
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| | | 3 BD | 2 BA | $1,400,000 | Sold |
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| | | | 2 BD | 3 BA | $1,325,000 | Sold |
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| | | 2 BD | 2 BA | $1,300,000 | Sold |
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| | | | 1 BD | 1 BA | $499,000 | Sold |
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Want to see more listings? |
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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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