Monthly Take - March 2023

MARCH 2023 MANHATTAN MONTHLY TAKE

The 30-day running total of contracts signed has ticked up into the neutral zone signaling that buyers may not have the upper hand for much longer.* February Luxury Market stats ($4MM+) that support this trend are: ✦ 31 contracts were signed the week of February 13th. This was the largest weekly total since the week of May 9th 2022 when 39 contracts were signed.** ✦ 23 contracts were signed President's Week, only 2 contracts below the 10 year average of 25 contracts.** *Source: Urban Digs **Olshan Report

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Read on and get our MARCH TAKE: ✦ New Construction: The Harper 310 East 86th Street ✦ Food News: Food Tours ✦ Celeb Real Estate Buzz ✦ Home Ideas: A Spring Clean-Out For A Good Cause Let's talk soon! Stacey and Julie

New Development

The Harper 310 East 86th Street (btwn 1st & 2nd) ✦ Developed by IGI-USA ✦ Designed by ODA new York ✦ 21 Stories ✦ 63 two to four bedroom condos ✦ Limestone facade with oversized windows ✦ Amenities include: doorman, fitness center, children's playroom, art room, a music center and a game lounge ✦ Prices begin at $2MM for 2 bedrooms *EXPECTED DATE OF COMPLETION LATE 2023

Food Tours

Food tours are a perfect way to experience delicious food, culture, and amazing people in the city we love.

Michelin-Starred Progressive Food Tour Visit 3 Michelin-Starred restaurants over the course of the evening, from appetizer to entree to dessert, with a few surprises along the way.

Famous Fat Dave Famous Fat Dave is a former cab driver turned foodie tour guide. Endorsed by the late Anthony Bourdain and featured on the Travel Channel and PBS, Dave is the real deal when it comes to delicious and unique food finds.

Underground Donut Tour This fun tour is perfect for the whole family. Visit four donut shops over the course of two hours in Brooklyn or Manhattan. Enjoy!

Celeb Real Estate Rundown

Seattle-based trust connected to Jennifer Gates BUYS 443 Greenwich Street Penthouse for $51M The 8,900-square-foot home, with 3,400 square feet of outdoor space, includes 6 bedrooms, 6 baths, 2 powder rooms, 20-foot-high ceilings, multiple terraces, its own plunge pool and two parking spaces.

Savannah Guthrie LISTS 12 Warren St. for $7.1M The Tribeca loft spans 3,735 sq. ft. with 4 bedrooms, 3.5 bathrooms, and 10" ceilings. Meticulously renovated by AD100 architects Ike Kligerman & Barkley and AD100 designer Monique Gibson.

Journalist Joan Kron LISTS 205 East 63rd Street, 11B for $1.79M Former Allure columnist and co-founder of the NY Times home section is selling her 4 bedroom, 3 bathroom home featuring an eat-in kitchen, expansive living room and a terrace.

Donation Ideas To Motivate Your Spring Cleaning! Cleaning out your closet may be daunting, but perhaps you can be motivated by focusing on how much your wardrobe purge will help others. Start filling your bags!

BOTTOMLESS CLOSET Clean out your closet and help New York City women enter/re-enter the workforce and achieve success with Bottomless Closet. Click here for a list of what they need now! *NEW* Drop off on the UES at M.M.LaFleur @ 1225 Madison Avenue (btwn 88th and 89th) Also, to thank you, M.M. will give you 10% off your next purchase.

Soles 4 Souls Soles4Souls turns shoes and clothing into opportunities for education and employment so they can have a more hopeful future. They make it super easy with a free shipping option thru Zappos or drop off at New Balance on the UES at 1172 Third Avenue (btwn 68th and 69th St.)

Happy Donations Take the things you don't wear anymore and put them towards helping U.S. Veterans. Purge and help others! Happy donations makes it easy with free shipping.

How is the Luxury Market? Residential Properties $4M and Above Contracts Signed YTD Coop 2023 = 47 2022 = 63 Condo 2023 = 122 2022 = 188 Condop 2023 = 6 2022 = 0 Townhouse 2023 = 18 2022 = 19 Total Contracts 2023 = 193 2022 = 270

Key Stats YTD

Avg. Price Reduction 2023 = 6% 2022 = 6.8% Avg. Days on Market 2023 = 601 2022 = 553

Want to learn more about neighborhood-specific market trends? Reach out to chat!

Which Kanbar Kopel Team Listing is your Favorite?

Featured Coming Soon

4 East 77th Street Neo-Renaissance Townhouse just off Fifth Avenue 24' Wide | 5 Stories plus Cellar | Coming Soon

1623 Third Avenue, Apt. 39K 2 BD | 2 BA | Coming Soon

Featured Active Listings

422 East 84th Street 4 BD | 3.5 BA | $5,950,000 | Active

16 Sutton Place, Apt. 19B 4 BD | 4 BA | $1,450,000 | Active

440 East 79th Street, Apt. 15E 2 BD | 2 BA | $1,299,000 | Active 205 East 63rd Street, Apt. 4G 2 BD | 2 BA | $649,000 | Active In Contract

111 Montgomery Street, Apt. 5F 1 BD | 2 BA | $786,000 | In Contract 130 East 94th Street, Apt. 2D 1 BD | 2 BA | $579,000 | In Contract Featured Transactions

50 Bridge Park Drive, Apt. 8A 4 BD | 4 BA | $4,390,000 | Sold

117 East 57th Street, Apt. 38CD 3 BD | 3 BA | $29,500/mo | Rented 2250 Broadway, Apt. 4R 2 BD | 2 BA | $6,995/mo | Rented 33 East 70th Street, Apt. 10/11D 8 BD | 7 BA | Sold 1175 Park Avenue, Apt. 4A 5 BD | 4 BA | Sold 14 East 90th Street, Apt. 9D 3 BD | 3 BA | $3,547,500 | Sold 401 East 86th Street, Apt. 2HJ/3J 5 BD | 6 BA | $3,403,501 | Sold 330 East 75th Street, Apt. 15BC 4 BD | 4 BA | $3,300,000 | Sold 290 West End Avenue, Apt 8A 3 BD | 3 BA | $3,250,000 | Sold 205 East 63rd Street, Apt. 7B 3 BD | 2 BA | $995,000 | Sold

Interested in seeing more of our recent listings and sales? View them here!

Office: 212-913-9058 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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