Monthly Take - November 2025

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NOVEMBER 2025 MANHATTAN MONTHLY TAKE

New York’s housing market shows a sharp divide. While the city faces an affordable housing crisis demanding experienced leadership and practical solutions, Manhattan’s luxury real estate remains strong. As per Olshan’s report of $4M+ contracts, 37 contracts were signed last week in Manhattan. It was the third week in a row of 30 or more contracts. The higher end of the market, driven by Wall Street gains rather than mortgage rates, continues to fuel demand for high-end properties in Manhattan and surrounding regions. Despite political claims of an exodus, data show the rich are staying and investing. The city’s next mayor must pair deep housing expertise with policies that expand affordability without stifling a luxury market that remains a cornerstone of New York’s economic vitality.

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Read on and get our NOVEMBER Take: ✦ New Development: The Strathmore 400 East 84th Street ✦ Food News: 🍴 The Best Thanksgiving Bites in Town 🍴 ✦ Celeb Real Estate Buzz ✦ NYC lifestyle: ✨Fun & Luxe Home Accessories Under $300✨ Let's talk soon! Stacey and Julie

New Development 400 East 84th Street "The Strathmore" (btwn First and York Avenue) ✦ Developer: Related Companies ✦ Designer: Architect Costas Kondylis and Ingrao Inc. ✦ 43 stories ✦ 178 condop units (144 for-sale and 36 rental units) ✦ Prices begin at $945,000 ✦ The resort-style amenities featuring a private dining room, lounge, fitness center, 50-foot lap pool, sports court, children's playroom, and optional private parking. *Photo credits to the building website

🍴 The Best NYC Thanksgiving Dinners 🍴 ✦ Jupiter: a great spot for a quintessential NYC view of the Rock Center Ice Rink specializing in handmade pastas, bold regional wines, and seasonal antipasti (plus a special Thanksgiving pre-fix menu). 20 West 50th Street (btwn 5th and 6th Avenue) ✦ Gramercy Tavern: a long standing neighborhood gem blends contemporary American flavors with farm-fresh ingredients for a delicious Thanksgiving feast offered both in the dining room and the more casual Tavern section. 42 East 20th Street (btwn Broadway and Park Avenue South) ✦ Ci Siamo: serving rich and classic Italian food cooked over a live fire in a beautiful and inviting space for a holiday meal plus a special sundae bar for the kids. 44 W. 33rd (btwn 5th Avenue and Broadway)

Celeb Real Estate Rundown

✦ Ricky Gervais SOLD 9B at 140 East 63rd Street for $1.4M: A 1-bed, 1.5-bath, 799 SF condo with hardwood floors, bright north-facing views, and building amenities that include a screening room, private party room and catering kitchen. ✦ Bill Cosby LISTS at 18 East 71st Street for $29M: A 6-bed, 12-bath, 13,000 SF, 25 FT wide townhouse featuring an original mahogany and bronze elevator, 11 fireplaces and 20 foot vaulted ceilings. ✦ Supermodel Gisele Bundchen LISTS at 42 Barrow Street for $16.99M: A 4-bed, 7-bath, 5,316 SF west village townhouse with two levels of beautiful outdoor space, soaring ceilings, and designer interiors.

✨Fun, Luxe Home Accessories Under $300✨

Elevate your space without the splurge-Bring sculptural style, soft comfort, and polished charm to any room. ✦ Eli Bubbled Chrome Pendant Light: a sleek, layered chrome pendant that instantly elevates an entryway or dining space with its modern silhouette, $199. ✦ Terry Stripe Slippers: Plush terry-cloth slippers with vibrant stripes and cushioned foam soles, designed for cozy, stylish lounging, $48. ✦ Bellure Bowl: a sculptural stoneware bowl finished with a reactive glaze, marrying organic form with everyday functionality, $75.

How is the Luxury Market YTD? Residential Properties In Contract $4MM and above Source: Olshan Report Co-op October 2025: 247 October 2024: 194 Condo October 2025: 767 October 2024: 644 Condop October 2025: 17 October 2024: 14 Townhouse October 2025: 132 October 2024: 108 Total Contracts October 2025: 1,163 October 2024: 960 Avg. Price Reduction October 2025: 9% October 2024: 9.97% Avg. Days On Market October 2025: 681 October 2024: 654

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 175 East Broadway, Apt. 4C 2 BD | 2 BA | $1,695,000 | Active 403 East 62nd Street, Apt. 7C 1 BD | 1 BA | $749,000 | Active

Featured In Contract 40 East 66th Street, Apt. 4B 3 BD | 4 BA | $6,500,000 | In Contract 1 5th Avenue, Apt. 5GH 2 BD | 3 BA | $4,395,000 | In Contract 211 West 84th Street, Apt. 6E 2 BD | 3 BA | $3,675,000 | In Contract 215 West 88th Street, Apt. 3E 3 BD | 3 BA | $2,395,000 | In Contract 315 Riverside Drive, Apt. 11B 2 BD | 2 BA | $1,525,000 | In Contract 401 East 86th Street, Apt. 5C 2 BD | 2 BA | $1,435,000 | In Contract 14 East 92nd Street, Apt. 4 2 BD | 2 BA | $1,250,000 | In Contract 304 West 88th Street, Apt. 4B 1 BD | 1 BA | $525,000 | In Contract

Featured Transactions

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 235 West 71st Street, Apt. 6A 4 BD | 4 BA | $4,500,000 | Sold 860 5th Avenue, Apt. 11H 2 BD | 2 BA | $4,650,000 | 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 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 33 West 67th Street, Apt. 6FE 3 BD | 2 BA | $2,600,000 | 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

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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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