Monthly Take - June 2025

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JUNE 2025 MANHATTAN MONTHLY TAKE

With the exception of the luxury market, which has shown great strength in the last few months, what we are seeing lately is a hesitation among many homebuyers. These buyers are taking a "wait and see" approach due to factors like interest rates, economic uncertainty, and pricing. However, this pause creates opportunity for others, especially those focused on quality and long-term value, and the ability to capitalize in an environment with less competition. Construction and renovation costs are rising, with upcoming new developments priced significantly higher tha existing inventory, making today's homes comparatively more affordable. On a broader level, New York City continues to assert its global dominance. It was ranked the #1 city in the world for 2025 by Oxford Economics' Global Cities Index, evaluated across exonomics, humanl capital, quality of life, environment, and governance.

Want to learn more about the market? Reach out to chat!

Read on and get our JUNE Take: ✦ New Development Spotlight: 200 West 88th Street ✦ Food News: Best Smoothie Spots in Manhattan ✦ Celeb Real Estate Buzz ✦ NYC Home & Lifestyle Trends: Gardening in Manhattan Let's talk soon! Stacey and Julie

New Development Spotlight 200 West 88th Street (btwn Broadway and Amsterdam Ave) ✦ Developer: Nortco Development ✦ Designer: Robert A. M. Stern Architects ✦ 18-story, 37-unit condominium ✦ Anticipated completion date: Spring 2027 Photo credits to their website

Best Smoothie Spots in Manhattan

✦ Sunlife Organics: This cult-favorite from Malibu serves nutrient-dense smoothies packed with superfoods, adaptogens, and organic ingredients. Don't miss the Purple Rain - banana, mixed berries, coconut milk, and house-made almond butter. 482 West Broadway (btwn Prince and Houston) ✦ Pura Vida: Originally from Miami, Pura Vida brings tropical vibes to Manhattan with its clean, all-day café concept. Enjoy refreshing smoothies and wholesome bites in a bright, beachy atmosphere. Various downtown locations and coming soon to UES - 1598 2nd Avenue (@83rd) ✦ No Pulp: A lower East Side gem, No Pulp specializes in fresh, made-to-order smoothies, juices, and açaí bowls. Their minimalist approach lets the natural flavors of high-quality ingredients shine. 193 Orchard Street (btwn Staton and E Houston)

Celeb Real Estate Rundown ✦ Media Mogul Byron Allen SOLD 220 Central Park South for $82.5MM: The 6,600 SF full-floor condo features 5 bedrooms, 7 bathrooms, a wine room, and 2 balconies—each offering breathtaking views of Central Park. ✦ Amy Lau's Apartment at 180 West 58th Street LISTED for $1.6MM: This elegantly renovated 1,000 SF prewar co-op features high ceilings, restored hardwood floors, and a blend of classic architectural details with modern finishes. ✦ 'Shark Tank' star Barbara Corcora IN CONTRACT 1158 5th Avenue for $12MM: The 4 bedroom, 6 bathroom 4,600 SF duplex penthouse, which went into contract in less than 24 hours, includes a glass-ceilinged solarium, and a rooftop terrace with Central Park views.

Gardening in Manhattan!

NYC outdoor space is not rambling, but with a little creativity, your balcony or terrace can become a lush urban retreat or a pretty space to look at. A few ideas perfect for city living... ✦ Container Gardening: It is flexible and versatile, growing plants in pots or containers, permitting you to move as needed to catch sunlight or protect from harsh weather. Perfect for cultivating a variety of plants, from flowers to vegetables. ✦ Herb Corners: Create a culinary oasis in a corner of your balcony or terrace with an herb garden. Grow herbs like basil, mint, rosemary, etc fresh ingredients for your kitchen and also for greenery and a fragrant outdoor space. ✦ Pollinator-Friendly Plants: Support urban biodiversity and incorporate plants that attract pollinators such as bees and butterflies. Flowers like lavender, coneflowers, and black-eyed Susans, not only beautify your space, but also contribute to the health of local ecosystems.

How is the Luxury Market YTD? Residential Properties In Contract $4MM and above Source: Olshan Report Co-op May 2025: 144 May 2024: 119 Condo May 2025: 440 May 2024: 379 Condop May 2025: 11 May 2024: 7 Townhouse May 2025: 76 May 2024: 68 Total Contracts May 2025: 671 May 2024: 573 Avg. Price Reduction May 2025: 10% May 2024: 10% Avg. Days On Market May 2025: 681 May 2024: 686

Which Kanbar Kopel Team Listing is your Favorite?

Featured Coming Soon Listing

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

Featured Active Listing

1 5th Avenue, Apt. 5GH 2 BD | 2.5 BA | $4,395,000 | Active 400 East 67th Street, Apt. 3CD 4 BD | 4 BA | $3,495,000 | Active

401 East 86th Street, Apt. 15C 2 BD | 2 BA | $1,525,000 | Active 403 East 62nd Street, Apt. 7C 1 BD | 1 BA | $784,900 | Active

304 West 88th Street, Apt. 4B 1 BD | 1 BA | $599,000 | Active 56 Pine Street, Apt. 12E 1 BD | 1 BA | $549,500 | Active

333 East 46th Street, Apt. 17E 1 BD | 1 BA | $568,000 | Active 23 West 73rd Street, Apt. 1405A Studio | 1 BA | $500,000 | Active

Featured In Contract

211 West 84th Street, Apt. 6E 3 BD | 2 BA | $3,675,000 | In Contract 125 East 84th Street, Apt. 2A 3 BD | 3 BA | $2,395,000 | In Contract

201 East 17th Street, Apt. 16H 2 BD | 2 BA | $1,340,000 | In Contract 62 East 87th Street, Apt. 5AB 2 BD | 2 BA | $995,000 | In Contract

Featured Transactions

4 East 77th Street 5 Stories | $16,000,000 | Sold 200 East 79th Street, Apt. 4B 4 BD | 5 BA | $5,395,000 | Sold

1100 Park Avenue, Apt. 9C 4 BD | 4 BA | $4,850,000 | 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 433 East 74th Street, Apt. 3AB/4B 6 BD | 6 BA | 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

201 West 70th Street, Apt. 28B 2 BD | 2 BA | $2,245,000 | Sold 11 Hoyt Street, Apt. 53K 2 BD | 2 BA | $2,060,000 | 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 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

Want to see more listings? View them here!

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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