Monthly Take - August 2023

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AUGUST 2023 MANHATTAN MONTHLY TAKE

Manhattan Real Estate Stats End of July 2023 Source: Urban Digs Supply Condos: -6.7% from last yr Co-ops: -7.3 from last yr Townhouses : +1.3% from last yr Monthly Contracts Condos: -4.3% from last yr Co-ops: -6.6% from last yr Townhouses: +23.1% from last yr Price Per Sq Ft Condos: $1617/SF -2.8% from last yr Co-ops: $943/SF -5.2% from last yr Townhouses: $1298/SF -16.7% from last yr

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Read on and get our AUGUST TAKE: ✦ New Development: 1491-93 First Avenue ✦ Food News: Best Iced Coffee on the UES ✦ Celeb Real Estate Buzz ✦ NYC Home & Lifestyle Trends: Barbie Inspired home decor Let's talk soon! Stacey and Julie

New Development

1491-93 First Avenue (SW corner of 1st Avenue and 78 St.) ✦ Designed by Hill West Architectures (also did: The Rockwell / UWS) ✦ Developed by Carmel Partners ✦ 209 ft tall building with 94 condo apartments ✦ Average apartment size 1,900 sq ft ✦ 7,120 sq ft of ground-floor retail space ✦ Completion date scheduled for Spring 2026

Best Iced Coffee on the UES Drink up!

✦787 Coffee: Run, don't walk! Grown, processed & roasted in their own coffee farm in Puerto Rico. Iced coffee served in these cool pouches. (228 E. 80th St.) ✦Eat Pretty Coffee & Kitchen: A hidden gem serving specialty coffee. Chill with neighbors over iced coffee at tables outside. (501 1/2 E. 83rd St.) ✦Butterfield Market: The whipped iced coffee is both a pick me up and dessert all in one! (1114 Lexington Ave. location only)

Celeb Real Estate Rundown

✦ Peter Brant & Stephanie Seymour LIST (again): Historic 9,590SF townhouse at 67 East 93rd St. for $23M ✦ Angelina Jolie LEASES: Andy Warhol's building at 57 Great Jones St. for her new venture Atelier Jolie, a fashion hub for artisans, pattern makers and tailors ✦ Steven Sondheim LISTS: 5,690SF townhouse at 246 East 49th St. for $7M

Barbie Inspired Home Decor

It may not be your forever decor but have fun while it lasts! ✦Campaign 2-Drawer Desk: The perfect place to study(Dormify $269) ✦Smeg 50's Electric Kettle: Add some color to your kitchen(Amazon $189.95) ✦Barbie Dreamworld Rug: Pretty for any room(Ruggable $109 - $729) How is the Luxury Market? Residential Properties $4MM and above Source: Olshan Report

Co-op 2023: 185 2022: 197 Condo 2023: 545 2022: 619 Condop 2023: 17 2022: 2 Townhouse 2023: 86 2022: 97 Total Contracts 2023: 833 2022: 915 Avg. Price Reduction 2023: 11.2% 2022: 4.9% Avg. Days On Market 2023: 588 2022: 529

Which Kanbar Kopel Team Listing is your Favorite?

Featured Active Listings 4 East 77th Street Neo-Renaissance Townhouse (just off Fifth Avenue) 24' Wide | 5 Stories plus Cellar | $25,000,000 | Active

Featured In Contract

433 East 74th Street, Apt. 3AB/4B 6 BD | 5.5 BA | In Contract 1100 Park Avenue, Apt. 9C 4 BD | 4 BA | $4,895,000 | In Contract 16 Sutton Place, Apt. 19B 4 BD | 4 BA | $1,595,000 | In Contract 40 East 84th Street, Apt. 16A 1 BD | 2 BA | $1,595,000 | In Contract

360 East 72nd Street, Apt. B1501 2 BD | 2 BA | $1,575,000 | In Contract 184 East 2nd Street, Apt. 4G 2 BD | 1 BA | $995,000 | In Contract

440 East 79th Street, Apt. 14K 2 BD | 1 BA | $769,000 | In Contract 205 East 63rd Street, Apt. 4G 2 BD | 2 BA | $595,000 | In Contract

Featured Transactions

145 East 84th Street, Apt. 11DEFG 6 BD | 6 BA | $4,975,000 | Sold 150 East 77th Street, Apt. 6F 2 BD | 2 BA | $1,425,000 | Sold 33 East 70th Street, Apt. 10/11D 8 BD | 7 BA | Sold 1175 Park Avenue, Apt. 4A 5 BD | 4 BA | Sold

50 Bridge Park Drive, Apt. 8A 4 BD | 4 BA | $4,390,000 | Sold 14 East 90th Street, Apt. 9D 3 BD | 3 BA | $3,547,500 | Sold

1623 3rd Avenue, Apt. 39K 2 BD | 2 BA | $1,490,000 | Sold 440 East 79th Street, Apt. 15E 2 BD | 2 BA | $1,280,000 | Sold

Want to see more listings? 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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