Monthly Take - January 2026

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JANUARY 2026 MANHATTAN MONTHLY TAKE

The 2025 luxury market, which includes sales at $4M and above, had a very strong year with 1,436 contracts signed and nearly $12B in sales, an 11% increase from 2024. This was the 2nd biggest year since 2006, only behind 2021, the post Covid rebound year that saw record sales totaling almost $16B. Buyer activity was likely fueled by a 4% decrease in average asking prices from last year while, at the same time, another strong Wall Street performance year. This is noteworthy, despite higher mortgage rates, tariffs, foreign wars and a NYC mayoral election that brings some uncertainty. Once again, condos outsold co-ops more than 3 to 1 and half of the condos sold in 2025 were in new development projects. The trophy market of $10M and above, boasted 284 deals, 6 more than last year. Wishing all our clients, friends and family a healthy, safe, and happy 2026!

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Read on and get our JANUARY Take: ✦ New Development Spotlight: 500 East 81st Street ✦ Food News: ☕ Hot Chocolate Decadence ☕ ✦ Celeb Real Estate Buzz ✦ NYC lifestyle: ❄️ Our Team’s Fave Slippers of the Season! ❄️ Let's talk soon! Stacey and Julie

New Development Spotlight 500 East 81st Street (btwn York and East End Avenue) ✦ Developer: Rybak Development ✦ Architect: Zproekt Architecture, S20M as design architect ✦ 10-story condominium with 10-12’ ceilings ✦ Full-floor residences and terraces ✦ Building will have 3 parking spots ✦ Estimated date of completion 2026 *Photo credits to the building website

☕ Hot Chocolate Decadence ☕ ✦ L.A. Burdick Handmade Chocolates: This charming Soho spot serves 3 varieties of premium cocoa, including white chocolate, milk chocolate, and a dark chocolate blend. Each cup is made with chocolate shavings and steamed milk. 156 Prince Street (btwn W. Bdwy and Thompson) ✦ Glace by Noglu: famous for its rich, over-the-top hot chocolate with elaborate and Instagrammable toppings like a burnt marshmallow halo, whipped cream, caramel, fudge drizzles, and an optional gelato scoop. 1266 Madison Avenue (btwn 90th and 91st Street) ✦ Hani's Bakery: This East Village bakery creates a delicious hot chocolate, which combines milk and heavy cream infused with Valrhona and topped with a layer of vanilla bean custard. 67 Cooper Square (btwn 2nd and 3rd Avenue)

Celeb Real Estate Rundown

✦ Bill Cosby's NYC townhouse SOLD at 18 East 71st Street for $28M: This 6‑bed, 10.5‑bath, 13,000‑SF limestone clad townhouse sold after just two months on the market. ✦ Randy Lerner's PH SOLD at 40 Fifth Avenue for $19M: The duplex co-op features 4-beds, 4.5-baths and offers generous proportions, sweeping city views, and classic Village charm. ✦ Joe Farrell SOLD Apt. 12 at 510 Park Avenue for $5.49M: This 5‑bed, 4.5‑bath Park Avenue corner residence blends grand entertaining spaces, oversized windows, and custom finishes with modern upgrades.

❄️ Our Team’s Fave Slippers of the Season! ❄️

✦ EMU Australia Women's Sandal: Stacey loves these easy slip-on and cozy, lightweight sheepskin slides - perfect to keep warm at home or a quick step outside. $69.95 ✦ Eberjey Plush Faux Fur Mule Slippers: Julie loves these soft and stylish Eberjey slippers - and faux fur too! $98 ✦ UGG Classic Slip-On: Nick’s fave is these effortless suede slip‑on UGGs with fur lining and a lightweight sole, perfect for lounging or quick errands. $120

How is the Luxury Market YTD? Residential Properties In Contract $4MM and above Source: Olshan Report Co-op December 2025: 299 December 2024: 271 Condo December 2025: 924 December 2024: 902 Condop December 2025: 24 December 2024: 19 Townhouse December 2025: 163 December 2024: 139 Total Contracts December 2025: 1,410 December 2024: 1,331 Avg. Price Reduction December 2025: 9% December 2024: 10.1% Avg. Days On Market December 2025: 684 December 2024: 675

Which Kanbar Kopel Team Listing is your Favorite?

Featured Active Listing

400 East 67th Street, Apt. 3CD 4 BD | 4 BA | $2,995,000 | Active

Featured In Contract 211 W 84th St, Apt. 6E 2 BD | 3 BA | $3,675,000 | In Contract 215 W 88th St, Apt. 3E 3 BD | 3 BA | $2,395,000 | In Contract 175 E Broadway, Apt. 4C 2 BD | 2 BA | $1,695,000 | In Contract 315 Riverside Dr, Apt. 11B 2 BD | 2 BA | $1,525,000 | In Contract 300 E 71st St, Apt. 9G 3 BD | 2 BA | $1,350,000 | In Contract 14 E 92nd St, Apt. 4 2 BD | 2 BA | $1,250,000 | In Contract 403 E 62nd St, Apt. 7C 1 BD | 1 BA | $749,000 | In Contract

Featured Transactions

40 E 66th St, Apt. 4B 3 BD | 4 BA | $6,200,000 | Sold 860 5th Ave, Apt. 11H 2 BD | 2 BA | $4,650,000 | Sold 235 W 71st St, Apt. 6A 4 BD | 4 BA | $4,500,000 | Sold 1 5th Ave, Apt. 5GH 2 BD | 3 BA | $4,250,000 | Sold 33 W 67th St, Apt. 6FE 3 BD | 2 BA | $2,600,000 | Sold 155 W 68th St, Apt. 34E 2 BD | 3 BA | $2,195,000 | Sold 401 E 86th St, Apt. 15C 2 BD | 2 BA | $1,395,000 | Sold 304 W 88th St, Apt. 4B 1 BD | 1 BA | $535,000 | Sold 4 East 77th Street 6 BD | 12 BA | $16,000,000 | Sold 33 East 70th Street, Apt. 10D/11D 8 BD | 10 BA | $12,000,000 | Sold 200 East 79th Street, Apt. 4B 4 BD | 5 BA | $4,999,999 | 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 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 | $2,275,000 | Sold 10 Madison Square West, Apt. 7H 1 BD | 1 BA | $1,900,000 | Sold 201 East 66th Street, Apt. 10M 2 BD | 2 BA | $1,850,000 | 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 201 East 17th Street, Apt. 16H 2 BD | 2 BA | $1,300,000 | Sold 56 Pine Street, Apt 12E 1 BD | 1 BA | $499,000 | 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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