Monthly Take - April 2025

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APRIL 2025 MANHATTAN MONTHLY TAKE

The Luxury Market is on Fire!

45 Manhattan contracts were signed last week in the luxury market ($4mm and above), 14 more than the week before. The last time this many luxury contracts were signed in one week was the 2nd week in December in 2021 when 54 contracts were signed. Another important data point to note is the total dollar volume of a whopping $433,315,8000, which included 12 deals above $10 million. 20 of the 35 condo deals were sold by sponsors in new development buildings at an average of $3,359/ft. It will be interesting to see what the rest of the spring selling market will bring. If this last week is any indication, it appears it will be quite busy!

Want to learn more about the market? Reach out to chat!

Read on and get our APRIL TAKE: ✦ New Development: 118 West 13th Street "The Katharine" ✦ Food News: Bagel Explosion on the Upper East Side ✦ Celeb Real Estate Buzz ✦ NYC Home & Lifestyle Trends: Our Favorite Bedside Essentials Let's talk soon! Stacey and Julie

New Development 118 West 13th Street "The Katharine" (btwn 6th and 7th Avenue) ✦ Architect: BKSK Architects ✦ Developer: Slate Property Group ✦ Designer: Nate Berkus ✦ 7-story, 8-unit boutique condominium ✦ 4 bedrooms, 4.5 bathrooms ✦ Amenities include a 24-hour doorman, gym, and rooftop terrace. ✦ Prices starting at $9.5MM ✦ Delivery is expected in early Summer 2025 Photo credits to: Leonard Steinberg*

Bagel Explosion on the UES

✦ Tomkins Square Bagels: Is a beloved NYC bagel shop known for its chewy, hand-rolled bagels, generous sandwich options, and creative small batch cream cheeses. 1159 Third Avenue (btwn East 67th and 68th Street) ✦ PopUp Bagels: Offers a fresh take on the classic bagel experience, serving up crispy-on-the-inside bagels with gourmet schmears, often available by pre-order. 1457 Third Avenue (btwn East 82nd and 83rd Street) ✦ Modern Bread and Bagel: Is a top-rated, 100% gluten-free, kosher bakery celebrated for its artisanal bagels, fresh baked breads, and diverse selection of pastries. 1427 Third Avenue (btwn East 80th and 81st Street)

Celeb Real Estate Rundown ✦ Broadway producer Jordan Roth LISTS 400 West 12th Street for $20 MM: The 4,100 SF 3 bedroom, 3.5 bath home has floor to ceiling windows with expansive Hudson River views. ✦ Robert De Niro SOLD 88 Central Park West for $18 MM: This nearly 6,000 SF duplex pre-war co-op at the Brentmoore, features 5 bedrooms, Central Park views and grand proportions. ✦ Liam Neeson LISTS 111 West 67th Street for $10.75 MM: This Lincoln Square 4,524 SF residence includes 5 bedrooms, 5.5 bathrooms, Central Park and Hudson River views, and access to luxury condo amenities such as a basketball court and pool.

Bedside Table Essentials: Our Favorite Must-Haves!

Your bedside table is more than just a nightstand—it's a little sanctuary of essentials that make winding down effortless: ✦ A nourishing and calming hand moisturizer ✦ A hydrating lip balm ✦ A pretty tissue box cover ✦ A sleek water decanter for midnight sips ✦ Reading glasses for a cozy bedtime read ✦ Pillow spray for an extra sound sleep

How is the Luxury Market YTD? Residential Properties $4MM and above Source: Olshan Report Co-op Mar. 2025: 72 Mar. 2024: 71 Condo Mar. 2025: 256 Mar. 2024: 215 Condop Mar. 2025: 3 Mar. 2024: 2 Townhouse Mar. 2025: 39 Mar. 2024: 42 Total Contracts Mar. 2025: 370 Mar. 2024: 330 Avg. Price Reduction Mar. 2025: 10% Mar. 2024: 10% Avg. Days On Market Mar. 2025: 767 Mar. 2024: 635

Which Kanbar Kopel Team Listing is your Favorite?

Featured Coming Soon Listings

Upper West Side 3 BD | 2.5 BA Upper West Side 2 BD | 2 BA Financial District 1 BD | 1 BA

Featured Active Listing 1 5th Avenue, Apt. 5GH 2 BD | 2.5 BA | $4,650,000 | Active

400 East 67th Street, Apt. 3CD 4 BD | 4 BA | $3,695,000 | Active 401 East 86th Street, Apt. 15C 2 BD | 2 BA | $1,525,000 | Active

333 East 46th Street, Apt. 17E 1 BD | 1 BA | $598,000 | Active 23 West 73rd Street, Apt. 1405A Studio | 1 BA | $524,900 | Active

Featured In Contract 211 West 84th Street, Apt. 6E 3 BD | 2 BA | $3,675,000 | In Contract

155 East 38th Street, Apt. 12K 3 BD | 3 BA | $2,150,000 | In Contract 10 Madison Square West, Apt. 7H 1 BD | 1 BA | $1,950,000 | In Contract

201 East 66th Street, Apt. 10M 2 BD | 2 BA | $1,825,000 | In Contract 107 West 86th Street, Apt. 16A 2 BD | 2 BA | $1,295,000 | In Contract

Featured Transactions

4 East 77th Street 5 Stories | $16,000,000 | Sold

200 East 79th Street, Apt, 4B 4 BD | 5 BA | $5,395,000 | Sold 1100 Park Avenue, Apt. 9C 4 BD | 4 BA | $4,850,000 | 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

433 East 74th Street, Apt. 3AB/4B 6 BD | 6 BA | 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 201 West 70th Street, Apt. 28B 2 BD | 2 BA | $2,245,000 | Sold

11 Hoyt Street, Apt. 53K 2 BD | 2 BA | $2,060,000 | 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 315 West 99th Street, Apt. 1B 3 BD | 2 BA | $1,200,000 | 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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