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GARMENT DISTRICT A quarterly analysis of residential sales in Garment District, Manhattan 2nd Quarter 2017
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Residential Market Report, 2nd Quarter 2017
Residential Market Report, 2nd Quarter 2017 Garment District, Manhattan
SUMMARY MEDIAN SALE PRICE
NO. OF TRANSACTIONS
MEDIAN PRICE/SQ.FT.
MANHATTAN MEDIAN SALE PRICE
$1.74M
11
$1,601
$1.2M
10% YoY
10% YoY
-22% YoY
10% YoY
NEIGHBORHOOD BOUNDARIES
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RESIDENTIAL STATS Median Sale Price by Quarter $2.5M
$2.0M
$1.7M
$1.5M $1.0M
$500K $
Median Sale Price by Year $2.0M $1.8M $1.6M $1.4M $1.2M $1.0M $800K $600K $400K $200K $
$1.7M
Number of Transactions Quarter Q1 Q2 Q3 Q4
2012 20 24 22 21
2013 14 17 18 11
2014 9 10 11 21
2015 8 3 9 9
2016 10 10 3 12
2017 5 11
14 11
12 10 8 5
6 4 2 0 Q1
Q2
2015
Q3
2016
Q4
2017
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Median Sale Price per Square Foot $3,000
$2,500 $2,000 $1,601
$1,500 $1,000
$500 $
RESIDENTIAL SALES BREAKDOWN Type of Residential Properties Sold Property Type Median sale price Condos $1,300,000 Coops $2,400,000 Houses -
Y-o-Y -36% 210% -
Median sale price/sqft $1,773 $934 -
Y-o-Y -14% -
Transactions 7 3 0
Number of Sales by Building Type
30% Condos Coops Houses 70%
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LIST OF TRANSACTIONS Address 400 5 Ave #39E 241-245 W 36 St #14FL 400 5 Ave #49C 356-360 W 36 St #2S 353 W 39 St #9W 400 5 Ave #37H 502 9 Ave #1B 502 9 Ave #9B 100 W 39 St #35F 100 W 39 St #37D
BBL 1-00838-1065 1-00786-0020 1-00838-1137 1-00759-0072 1-00763-0008 1-00838-1054 1-00762-1103 1-00762-1133 1-00814-1008 1-00814-1022
Sale date 19-Jun-17 24-May-17 22-Jun-17 29-Jun-17 3-Apr-17 30-May-17 19-Apr-17 14-Jun-17 25-Apr-17 23-Jun-17
Sale price $3,000,000 $2,900,000 $2,440,000 $2,400,000 $1,775,000 $1,715,000 $1,300,000 $1,165,000 $975,000 $800,000
Property type Condo Coop Condo Coop Coop Condo Condo Condo Condo Condo
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Sqft 1,437 1,168 1,900 776 1,176 859 550 560
