A roundup of news and data on the residential market

MANHATTAN

• Inventory contracted as developers filed fewer units than were purchased
• Developers filed six plans with a total of 163 units
• The state approved five plans with 612 units valued at $1.6 billion
• Buyers purchased 171 units valued at $639 million

SUPPLY

MANHATTAN NEW DEVELOPMENT CONDO SUPPLY

MOST EXPENSIVE CONDO PROJECTS APPROVED

DEVELOPER ADDRESS TOTAL SELLOUT UNITS
Fosun Group & J.D. Carlisle 15 East 30th Street $821,525,000 199
LCOR 25 Broad Street (conversion) $395,000,000 308
Trinity Place Holdings 77 Greenwich Street $316,535,000 90
DDG 100 Franklin Street $47,905,000 10

Source: TRData analysis of plans submitted to the NYS Attorney General in April

LARGEST CONDO PROJECTS FILED

DEVELOPER ADDRESS UNITS TOTAL SELLOUT
Clipper Equity 21 West 86th Street (conversion) 108 $203,580,580
Delshah Capital 531-533 East 12th Street (conversion) 26 $37,400,000
Colonnade Group 139 East 23rd Street 14 N/A
Bin Yu Wang & partners 327 East 22nd Street 11 $37,314,717

Source: TRData analysis of plans submitted to the NYS Attorney General in April

DEMAND

MONTHLY TOTAL MANHATTAN

NEW DEVELOPMENT SALES VOLUME

MONTHLY MEDIAN SALES PRICE AND UNIT

VOLUME IN MANHATTAN NEW DEVELOPMENT

MOST EXPENSIVE CONDO SPONSOR UNIT SALES

RECORDED IN APRIL

SPONSOR SALE PRICE ADDRESS UNIT
Vornado Realty Trust $34,365,938 220 Central Park South V-5
Vornado Realty Trust $23,725,225 220 Central Park South 42A
William Macklowe Company
& Goldman Sachs
$23,278,631 21 East 12th Street 3A
Vornado Realty Trust $19,855,875 220 Central Park South 36A

Source: TRData analysis of NYS AG and NYC Dept. of Finance records for units in condo projects that sold in April

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