December 2018 Absorption Report Manhattan Apartments
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1 ember 01 Absorption Report Manhattan Apartments
2 ember 01 Highlights The Manhattan absorption rate dipped from last month, to a 7.3-month supply of available units At. months, condo absorption rates remained well above the co-op level of. months. With a 5.3-month supply of units for sale in ember, Upper Manhattan was the tightest market. BrownHarrisStevens.com WEB# 1973 Definitions Listings: Number of active listings transmitted through the Real Estate Board of New York s listing service at the beginning of the month. Absorption Rate: How many months it would take to sell all active listings in a given market. We calculate it by dividing the number of listings by the average number of closings over the prior months. Historically, an absorption rate between 9 months indicates a balanced market. BrownHarrisStevens.com WEB# Cover Property: BrownHarrisStevens.com WEB#
3 Manhattan BrownHarrisStevens.com WEB# Studio Bedroom , Bedroom 1,03.5 1,0 9. 1, Bedroom 1, , , Loft All 3,55. 3, , BrownHarrisStevens.com WEB# Studio Bedroom 1, , Bedroom Bedroom Loft All 3,70. 3,513 7.,703.5 DECEMBER 01 ABSORPTION REPORT Brown Harris Stevens 3
4 East Side Generally 59th Street to 9th Street, Fifth Avenue to the East River BrownHarrisStevens.com WEB# Studio Bedroom Bedroom Bedroom All BrownHarrisStevens.com WEB# Studio Bedroom Bedroom Bedroom All 1, , DECEMBER 01 ABSORPTION REPORT Brown Harris Stevens
5 West Side Generally 59th to 110th Street, Hudson River to West of Fifth Avenue BrownHarrisStevens.com WEB# Studio Bedroom Bedroom Bedroom All BrownHarrisStevens.com WEB# Studio Bedroom Bedroom Bedroom All DECEMBER 01 ABSORPTION REPORT Brown Harris Stevens 5
6 Midtown East Generally 3th to 59th Street, Fifth Avenue to the East River BrownHarrisStevens.com WEB# Studio Bedroom Bedroom Bedroom All BrownHarrisStevens.com WEB# Studio Bedroom Bedroom Bedroom All DECEMBER 01 ABSORPTION REPORT Brown Harris Stevens
7 Midtown West Generally 3th to 59th Street, Hudson River to West of Fifth Avenue BrownHarrisStevens.com WEB# Studio Bedroom Bedroom Bedroom All BrownHarrisStevens.com WEB# Studio Bedroom Bedroom Bedroom All DECEMBER 01 ABSORPTION REPORT Brown Harris Stevens 7
8 Downtown 3th - 1th Street BrownHarrisStevens.com WEB# Studio Bedroom Bedroom Bedroom Loft All Studio Bedroom Bedroom Bedroom Loft All DECEMBER 01 ABSORPTION REPORT Brown Harris Stevens
9 Downtown South of 1th Street BrownHarrisStevens.com WEB# Studio Bedroom Bedroom Bedroom Loft All 1, , , BrownHarrisStevens.com WEB# Studio Bedroom Bedroom Bedroom Loft All DECEMBER 01 ABSORPTION REPORT Brown Harris Stevens 9
10 Upper Manhattan Generally North of 9th Street on the East Side, and 110th Street on the West Side BrownHarrisStevens.com WEB# Studio Bedroom Bedroom Bedroom All Studio Bedroom Bedroom Bedroom All DECEMBER 01 ABSORPTION REPORT Brown Harris Stevens 10
11 Contact us Prepared by Lisa Rae Castrigno, SVP of Research. Madison Avenue 790 Madison Avenue Caroline E. Y. Guthrie 019 by Brown Harris Stevens. All Rights Reserved. This information may not be copied, used or distributed without Brown Harris Stevens consent. While information is believed true, no guaranty is made of accuracy. East Side West Side 19 Broadway Kevin Kovesci, EVP CENTRAL PARK WEST CENTRAL PARK 5TH AVENUE 5 Park Avenue Bess Freedman, CEO Hall F. Willkie, President Ruth McCoy, EVP Neil M. Laurine, EVP BHS Residential Management Paul J. Herman, President Residential Management LLC Park Slope 100 Seventh Avenue Camille Logan, EVP Downtown 130 Fifth Avenue Stephen Klym, EVP Brown Harris Stevens Development keting 5 Park Avenue Stephen Kliegerman, President, Development keting Brooklyn Heights 19 Montague Street Christopher Thomas, EVP Park Slope Fifth Avenue Camille Logan, EVP Tribeca 3 North Moore Stephen Klym, EVP
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