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GARMENT DISTRICT A quarterly analysis of residential sales in Garment District, Manhattan 2nd Quarter 2018
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Residential Market Report, 2nd Quarter 2018 Garment District, Manhattan
SUMMARY MEDIAN SALE PRICE
NO. OF TRANSACTIONS
MEDIAN PRICE/SQ.FT.
MANHATTAN MEDIAN SALE PRICE
$2.32M
19
$2,080
$1.08M
33% YoY
90% YoY
49% YoY
-8% YoY
NEIGHBORHOOD BOUNDARIES
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RESIDENTIAL STATS Median Sale Price by Quarter $2.5M
$2.3M
$2.0M $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
2013 14 17 18 11
2014 9 10 11 21
20
2015 8 3 9 9
2016 10 10 3 12
2017 5 10 7 8
2018 9 19
19
15
9
10 5 0 Q1
Q2 2016
Q3 2017
Q4
2018
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Median Sale Price per Square Foot $3,000 $2,500 $2,080
$2,000 $1,500 $1,000 $500
$
RESIDENTIAL SALES BREAKDOWN Type of Residential Properties Sold Property Type Median sale price Condos $2,557,500 Coops $990,000 Houses -
Y-o-Y 97% -59% -
Median sale price/sqft $2,084 $1,058 -
Y-o-Y 18% 13% -
Transactions 17 2 0
Number of Sales by Building Type 11%
Condos Coops Houses
89%
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LIST OF TRANSACTIONS Address 16 W 40th St #23A 16 W 40th St #21A 16 W 40th St #18A 16 W 40th St #19A 16 W 40th St #23B 16 W 40th St #17C 16 W 40th St #21B 16 W 40th St #17B 502 Ninth Ave #10B 16 W 40th St #18D 16 W 40th St #17D 353 W 39th St #12N 100 W 39th St #38E 400 Fifth Ave #44C 100 W 39th St #37G 100 W 39th St #41B 502 Ninth Ave #4D 30-34 W 40th St #4G
BBL 1-00841-1033 1-00841-1025 1-00841-1013 1-00841-1017 1-00841-1034 1-00841-1011 1-00841-1026 1-00841-1010 1-00762-1137 1-00841-1016 1-00841-1012 1-00763-0008 1-00814-1033 1-00838-1101 1-00814-1025 1-00814-1059 1-00762-1115 1-00841-0069
Sale date 22-Jun-18 29-Jun-18 1-Jun-18 27-Apr-18 8-Jun-18 21-Jun-18 22-Jun-18 18-Apr-18 8-May-18 14-Jun-18 27-Apr-18 30-Apr-18 7-May-18 13-Apr-18 9-Apr-18 9-May-18 4-Jun-18 5-Apr-18
Sale price $4,209,446 $3,950,000 $3,810,000 $3,800,000 $2,850,000 $2,817,850 $2,760,000 $2,685,000 $2,430,000 $2,219,785 $1,932,639 $1,375,000 $1,060,000 $1,045,000 $856,500 $825,000 $747,000 $605,000
Property type Condo Condo Condo Condo Condo Condo Condo Condo Condo Condo Condo Coop Condo Condo Condo Condo Condo Coop
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Sqft
1,391 1,074
1,074 1,164 1,067 1,300 701 464 560 479 486
