THE CITYREALTY REPORT QUARTERLY REPORT Q %

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1 THE CITYREALTY REPORT QUARTERLY REPORT Q 4 +.4%

2 Summary Considered the "blue chip" index of New York City residential real estate, The CityRealty is comprised of the top condominium buildings in Manhattan. This report tracks the performance of the index through the first quarter of apartments were sold within the buildings of The CityRealty during the first quarter of the year, with an average price per square foot of $,7. This represents a price increase of 9.4% from the year earlier period. The most expensive sale during this period was for the triplex Penthouse unit at One Madison, a five bedroom, 6,8 sq. ft. apartment that sold for $4M. Average Price / ft +9.4% $,7 ST QUARTER 4 AVG PRICE / FT A M J J A S O N D J F M A M J J A S O N D J F M 4 KEY: AVG PRICE MEDIAN PRICE Transaction Volume -7.% 69 TOTAL SALES ST QUARTER 4 A M J J A S O N D J F M A M J J A O S N D J F M 4

3 Price Summary $4.M$.M $M $M $M $M $4.M KEY MOST EXPENSIVE SALES IN ST QUARTER OTHER ST QUARTER SALES Most Expensive Sales $4.M $.M $4.M One Madison, #PH Approx 6,8 ft ( Beds,. Baths) $6,79 per ft Time Warner Center, #64CE Approx 4,66 ft ( Beds, 6 Baths) $6,87 per ft Central Park West, #7C Approx,76 ft ( Beds,. Baths) $8,69 per ft

4 Historical Performance Since March 4, the average price per square foot of properties in The CityRealty has increased at a Compound Annual Growth Rate of.% per year (non-inflation adjusted). This now lags the S&P, which after several strong years on Wall St has delivered a CAGR of 8.% during the same period (not including dividend re-investments). The performance of other investment markets are highlighted below. Ten Year Price Change of the CityRealty $, AVG PRICE / FT $, $, $, +.% YEAR COMPOUND ANNUAL GROWTH RATE (USD) $ KEY: THE CITYREALTY ALL MANHATTAN CONDOS () Other Investment Markets S & P Oil Gold Euro +8.4% YEAR COMPOUND ANNUAL GROWTH RATE +.6% YEAR COMPOUND ANNUAL GROWTH RATE +.6% YEAR COMPOUND ANNUAL GROWTH RATE +.% YEAR COMPOUND ANNUAL GROWTH RATE ' '4 ' '4 ' '4 ' '4 Data from April, to March, 4. 4

5 Most Expensive Buildings Central Park West $,944 AVG PRICE PER FT (BASED ON THE -MONTH PERIOD ENDING MARCH, 4) +7.8% COMPOUND ANNUAL GROWTH RATE KEY: AVG PRICE Time Warner Center Columbus Circle $4,744 AVG PRICE PER FT Residences at Mandarin Oriental 8 Columbus Circle $4,6 AVG PRICE PER FT One Madison $,84 AVG PRICE PER FT Superior Ink 4 West th Street $,7 AVG PRICE PER FT +8.% +.% +7.8% +7.8% Data from April, to March, 4; for inclusion properties must have or more transactions in the initial and final time periods.

6 Top Price Gainers Trump Tower 7 Fifth Avenue $,8 AVG PRICE PER FT (BASED ON THE -MONTH PERIOD ENDING MARCH, ) +.6% 4 COMPOUND ANNUAL GROWTH RATE KEY: AVG PRICE Essex House Columbus Circle Time Warner Center Columbus Circle The Park Imperial West 6th Street Bristol Plaza East 6th Street $,8 AVG PRICE PER FT $4,744 AVG PRICE PER FT $,68 AVG PRICE PER FT $,46 AVG PRICE PER FT +.8% +.% +9.% +8.% Data from April, to March, 4; for inclusion properties must have or more transactions in the initial and final time periods. 6

7 Top Sales Summary Central Park West, #7C,76 FT ( BEDS,. BATHS) Central Park West, #D,4 FT ( BEDS,. BATHS) Time Warner Center, #64CE 4,66 FT ( BEDS, 6+ BATHS) One Madison, #PH 6,8 FT ( BEDS,. BATHS) Central Park West, #G,46 FT ( BEDS,. BATHS) Time Warner Center, #6A,98 FT ( BEDS, BATHS) Time Warner Center, #67E,4 FT ( BEDS,. BATHS) Central Park West, #6E, FT ( BEDS,. BATHS) The Century, #9R 884 FT ( BED,. BATHS) Residences at the Mandarin Oriental, #7E,6 FT ( BEDS, BATHS) The Century, #7Q 84 FT ( BEDS, BATHS) Trump International, #D,6 FT ( BEDS,. BATHS) The Century, #7O,4 FT ( BED, BATHS) One Beacon Court, #4C,64 FT ( BED,. BATHS) Trump International, #46D, FT ( BEDS,. BATHS) One Madison, #48A, FT (4 BEDS, 4. BATHS) One Madison, #4A, FT (4 BEDS, 4. BATHS) Park Millennium, #9-D,9 FT ( BEDS,. BATHS) 4 Fifth Avenue, #PHS,9 FT ( BEDS,. BATHS) 99 Fifth Avenue, #S 4,7 FT ( BED, 4. BATHS) $8,69 / FT $4.M $7, / FT $7.8M $6,87 / FT $.M $6,79 / FT $4.M $,78 / FT $7.M $,68 / FT $.M $4,68 / FT $6.M $4,4 / FT $9.M $4,44 / FT $.9M $4,6 / FT $6.8M $4,7 / FT $.M $4,6 / FT $8.8M $,94 / FT $4.7M $,9 / FT $4.9M $,46 / FT $7.M $,8 / FT $.7M $,6 / FT $.6M $,4 / FT $4.7M $,78 / FT $.8M $,98 / FT $.M BEDS,. BATHS $4,, APPROX,76 FT $8,69 / FT BED, BATHS $6,8, APPROX,6 FT $4,6 / FT 4 BEDS, 4. BATHS $,79,87 APPROX, FT $,8 / FT The Top sales above are ranked based on square-foot prices for closings from the month period ending Mar, 4. View more sales from the CityRealty at 7

8 Market Snapshot The Time Warner Center apartment once owned by the widow of diet guru Dr. Robert Atkins is back on the market, listed at the bargain price of $4 million or $8, a square foot. The three-bedroom apartment on the 74th floor features,7 square feet of space and 7 feet of frontage providing unobstructed views of Central Park and the skyline. Janet Jackson may soon be able to add the title landlord to her illustrious resume. The music legend is seeking a tenant for her threebedroom, ½-bathroom apartment at Trump International. Renting fully furnished, the 4thfloor,,9-square-foot apartment is listed for a pretty penny - $, a month but residents will have access to the building s hotel facilities, including health club, room service from Jean Georges restaurant, maid and valet service. Not your run-of-the-mill penthouse, the stfloor penthouse at Trump International is now on the market for the princely sum of $4 million, following a gut renovation by SLC Interiors and Hottenroth + Joseph Architects. The glamorous,,-square-foot home features dazzling views, with nearly every room overlooking Central Park. Former all-star hockey player Eric Lindros is looking to score a big return on his investment, listing his,9-square-foot apartment at Morton Square for $6.7 million. The former Ranger purchased the three-bedroom, ½-bathroom apartment for $. million in 4, and is the latest in a string of celebrities to depart the building. Add this one to the record books: PH#S at 4 Fifth Avenue broke a building record, selling for $,79,4. The threebedroom, ½-bathroom penthouse unit features,9 square feet of space and offers picturesque views of Manhattan via a series of uniquely designed diamond angled windows created to enhance the light, air and view of each room. 8

9 Flatiron/Union Square Highlights B C D E F A KEY: ST QUARTER SALES NO SALES IN ST QUARTER A Union Square West C 4 Fifth Avenue E B One Madison D 4 Park Avenue South F Irving Place * Gramercy Park Hotel * A C D B $, $, $, * Avg price / ft data not available AVG PRICE / FT 9

10 SoHo - TriBeCa Highlights F A B E D C G KEY: ST QUARTER SALES NO SALES IN ST QUARTER A The Greenwich Street Project C The Hubert E SoHo Mews G One York Street B West Broadway D Sky Lofts at 4 Hudson F 4 Mercer Street A G E D B F C $, $, $, * Avg price / ft data not available. AVG PRICE / FT

11 West Village Highlights A B C G D F E KEY: ST QUARTER SALES NO SALES IN ST QUARTER A Superior Ink C 7 Perry Street * E 6 Charles Street * G 99 West th Street B The Porter House D 76 Perry Street * F One Jackson Square G F B A $, $, $, * Avg price / ft data not available AVG PRICE / FT

12 Buildings in the CityRealty BUILDING -MONTH PRICE AVG SALES / PAST MONTHS BUILDING -MONTH PRICE AVG SALES / PAST MONTHS Central Park West Time Warner Center Residences at Mandarin Oriental One Madison Park Avenue The Hubert Superior Ink Trump International Millennium Tower Eleventh Avenue One Beacon Court 4 Bond Street The Mayfair The Plaza Trump Tower 99 Fifth Avenue* The Chatham 4 Mercer Street Park Tower East 69th Street The Park Imperial Bristol Plaza Bond Street 4 Fifth Avenue Centurion Laureate Essex House One Lincoln Square The Lucida Caledonia West Broadway Sky Lofts at 4 Hudson Park Millennium The Century The Apthorp East 8th Street The Porter House Trump Park Avenue Devonshire House Eleventh Avenue Linden 78 One Kenmare Square Warren Street Apple Bank Building Morton Square SoHo Mews The Harrison One Jackson Square 99 West th Street 46 West 9th Street $,944 (-9.%) $4,744 (+.%) $4,6 (-.6%) $,84 () $,88 () $,74 () $,7 (+.6%) $,7 (-.%) $,67 () $,6 (+.%) $,46 (-.6%) $,8 (+8.%) $,69 (+6.6%) $,9 (-7.%) $,8 (+6.%) $, () $,967 (+4.%) $,897 (+.%) $,8 () $,7 (+.%) $,68 (-7.6%) $,46 (+4.4%) $,4 (+.%) $,47 (+9.4%) $,4 (-.%) $,87 (-4.7%) $,8 (+.9%) $,7 (+6.7%) $, (+.%) $, (+4.6%) $,97 () $,7 () $,4 (+7.9%) $,4 (+9.%) $, (+.8%) $,9 (-.6%) $,9 (+.9%) $,6 (-4.9%) $, (+.%) $,6 (-6.%) $, () $,7 (+.4%) $,989 (+7.6%) $,98 () $,96 (+.%) $,9 (+.%) $,9 (-.%) $,99 () $,89 (-4.8%) $,87 (+.%) West End Avenue W New York Downtown 4 Fifth Avenue The Grand Millennium Olympic Tower Place 7 Trump Palace 4 Park Avenue South The Siena The Olcott Central Park Place Manhattan House The Aldyn The Empire 49 Fifth Avenue Metropolitan Tower The Park Belvedere Trump World Tower The Park 9 One York Street West 9th Street 7 East End Avenue The Park Laurel Union Square West Lincoln Center Park Avenue Place Sheffield 7 The Rushmore The Centria Museum Tower 66 Perry Street Laurel The Galleria 4 Park Avenue Liberty Lofts The Heritage at Trump Place The Greenwich Street Project The Visionaire The Ritz-Carlton, Battery Park City The Residences at the Ritz Carlton Trump SoHo 66 Perry Street Liberty Lofts 4 Franklin Street 6 Charles Street 79 Central Park West Irving Place HL The Loft Gramercy Park Hotel* $,8 (-.4%) $,844 (+.%) $,86 () $,8 (+.%) $,84 (-.4%) $,86 (+.9%) $,86 (+9.6%) $,8 (-9.%) $,798 (+8.%) $,784 (-4.7%) $,784 (+9.9%) $,76 (+.%) $,7 (+7.%) $,7 () $,74 (-.7%) $,76 (+6.%) $,698 (+.6%) $,698 (+6.%) $,689 () $,688 () $,687 (+.%) $,68 (-.4%) $,66 (-.8%) $,69 (-.8%) $,647 (+8.6%) $,647 (-.%) $,6 (+4.%) $,64 (+6.%) $,66 (+.%) $,7 (-9.7%) $,6 () $, (-.%) $, (+7.%) $, (+.7%) $, () $,44 (-.%) $,4 (+4.%) $,49 (+.%) $,4 (+.6%) Percentage changes based on current -month period, ending March, 4 vs. previous -month period; must have at least transactions in both periods. *Indicates Condop.

13 Details for all listed apartments that comprise The CityRealty are available at Additional transaction details for The CityRealty are available on the CityRealty website, as are other market indices that cover additional areas of Manhattan and Brooklyn. Peter Culliney, CityRealty Director of Research and Analytics, welcomes any questions and comments regarding the CityRealty and the New York City real estate market. He can be reached at or by phone at Visit for more sales information. () Pricing information for "All Manhattan Condos" on page 4 does not include buildings north of 96 th Street on the East Side, above th Street north of Central Park, and above th Street west of the Park. All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no property included in this report shall the number of bedrooms listed be considered a legal conclusion.