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GARMENT DISTRICT A quarterly analysis of residential sales in Garment District, Manhattan 1st Quarter 2017
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Residential Market Report, 1st Quarter 2017
Residential Market Report, 1st Quarter 2017 Garment District, Manhattan
SUMMARY MEDIAN SALE PRICE
NO. OF TRANSACTIONS
MEDIAN PRICE/SQ.FT.
MANHATTAN MEDIAN SALE PRICE
$1.15M
5
$1,543
$1.1M
-48% YoY
-50% YoY
-17% YoY
2% YoY
NEIGHBORHOOD BOUNDARIES
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RESIDENTIAL STATS Median Sale Price by Quarter $2.5M
$2.0M $1.5M
$1.1M
$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
14 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 $1,543
$1,500 $1,000
$500 $
RESIDENTIAL SALES BREAKDOWN Type of Residential Properties Sold Property Type Median sale price Condos $1,147,080 Coops Houses -
Y-o-Y -68% -
Median sale price/sqft $1,543 -
Y-o-Y -26% -
Transactions 5 0 0
Number of Sales by Building Type
Condos Coops Houses
100%
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LIST OF TRANSACTIONS Address 400 5 Ave #PH1N 400 5 Ave #53G 502 9 Ave #5C 100 W 39 St #37A 502 9 Ave #7D
BBL 1-00838-1189 1-00838-1166 1-00762-1118 1-00814-1019 1-00762-1127
Sale date 21-Mar-17 26-Jan-17 1-Mar-17 6-Jan-17 27-Jan-17
Sale price $8,349,650 $1,527,375 $1,147,080 $775,000 $750,000
Property type Condo Condo Condo Condo Condo
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Sqft 3,590 779 845 534 486
