Monthly Take - September 2025

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SEPTEMBER 2025 MANHATTAN MONTHLY TAKE

Powell Hints at Rate Cut: What Does This Mean for Manhattan Real Estate Fed Chair Jerome Powell signaled the possibility of an interest rate cut, though with no set timeline. Markets rallied on the news, as lower rates could ease borrowing costs. For buyers: A cut could mean lower mortgage rates and greater purchasing power. But waiting may backfire—once rates drop, more buyers will enter the market, driving competition and prices higher. For sellers: Lower rates bring more qualified buyers, improving liquidity and potentially speeding up sales. Powell’s comments suggest relief ahead, but what does this mean for Manhattan’s competitive market?  Meanwhile, the luxury market has sustained itself nicely with the 4th strongest August since 2006, with 92 contracts signed over $4 million*. The best years were 2021 (143 contracts signed), 2015 (97 contracts signed), and 2014 (94 contracts signed)*. We look forward to seeing what happens next…Enjoy the beautiful September weather! *The Olshan Report

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Read on and get our SEPTEMBER Take: ✦ New Development Spotlight: 175 Fifth Avenue Flatiron ✦ Food News: Our Favorite Candy Shops ✦ Celeb Real Estate Buzz ✦ NYC Home & Lifestyle Trends: UES Beauty Favorites Let's talk soon! Stacey and Julie

New Development Spotlight 175 Fifth Avenue Flatiron Building ✦ Developer: Brodsky Organization and Sorgente Group ✦ Designer: Studio Sofield with SLCE Architects ✦ 38-unit luxury condominium ✦ Office-to-residential conversion slated completion 2027 *Photo credits to the building website

🍭 Favorite Candy Shops🍭

✦ Glace Candy Shop: brings a chic, modern twist to classic sweets with beautifully crafted confections; sister shop of Glace ice cream. @1266 Madison Avenue (89th-90th) ✦ Lil Sweet Treats: is a candy wonderland specializing in high-end gummies from Sweden, Spain, Germany and beyond. @184 7th Avenue South (W. 11th) ✦ Economy Candy: is a beloved Manhattan staple, overflowing with nostalgic favorites and treats for every generation. @108 Rivington Street (Ludlow-Essex)

Celeb Real Estate Rundown

✦ Liam Neeson SOLD 28D at 111 West 67th Street for $10.3MM: The residence features 5 bedrooms, 5 baths and floor-to-ceiling windows showcasing sweeping views of Central Park and the Manhattan skyline. ✦ Jake Gyllenhaal SOLD 5J at 443 Greenwich Street for $14MM: The 2,900 square feet 3 bedroom, 3.5 bath home in the famed Tribeca building was sold off market. It features high ceilings, an open kitchen and a loft style great room. ✦ Bill Ackman SOLD 8F at 211 Central Park West for $9.43MM: The Central Park West residence spans about 3,000 square feet with 3 bedrooms, a gas fireplace, and a spacious eat-in kitchen. Located in the historic Beresford Co-op, the home offers classic prewar design and wide views of Central Park.

✨ Upper East Side Beauty Favorites ✨

The Upper East Side offers a variety of beauty essentials and we’ve rounded up a few of our favorite destinations and their respective products that we love. ✦ Aesop - don’t miss the Lucent Facial Refiner mask. It makes your skin smooth and glow. ✦ Jones Road - the face pencil. It works wonders for dark under-eye circles and covers any blemish. ✦ Violet Grey - the ultimate for a vetted group of the best of the best beauty products. Check out Dr. Diamond's "metacine" skincare line.

How is the Luxury Market YTD? Residential Properties In Contract $4MM and above Source: Olshan Report Co-op August 2025: 207 August 2024: 176 Condo August 2025: 638 August 2024: 561 Condop August 2025: 15 August 2024: 14 Townhouse August 2025: 35 August 2024: 95 Total Contracts August 2025: 969 August 2024: 846 Avg. Price Reduction August 2025: 9% August 2024: 10% Avg. Days On Market August 2025: 674 August 2024: 689

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

400 East 67th Street, Apt. 3CD 4 BD | 4 BA | $3,295,000 | Active

Featured In Contract 1 5th Ave, Apt. 5GH 2 BD | 2.5 BA | $4,395,000 | 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 401 East 86th Street, Apt. 15C 2 BD | 2 BA | $1,395,000 | 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 860 5th Avenue, Apt. 11H 2 BD | 2 BA | $4,750,000 | Sold

200 East 79th Street, Apt. 4B 4 BD | 5 BA | $5,395,000 | Sold 430 East 58th Street, Apt. 28A 3 BD | 4 BA | $4,300,000 | Sold 360 East 89th Street, Apt. 31B 3 BD | 4 BA | $4,375,000 | 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

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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