OCTOBER 2017 ABSORPTION REPORT MANHATTAN APARTMENTS
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1 OCTOBER 17 ABSORPTION REPORT MANHATTAN APARTMENTS
2 ober 17 Highlights Manhattan had a -month supply of apartments for sale at the beginning of ober, up % from a year ago. At 7. months, the condo absorption rate remains above the co-op rate of. months. Upper Manhattan s absorption rate of. months was Manhattan s lowest. halstead.com WEB# 1775 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. halstead.com WEB# Cover Property, halstead.com WEB# 17551
3 Manhattan Studio Bedroom Bedroom Bedroom Loft All 3,5 7. 3,1.1 3,3. Studio Bedroom Bedroom Bedroom Loft All,719.,95 3.,1. OCTOBER 17 ABSORPTION REPORT Halstead Real Estate 3
4 East Side Generally 59th St. to 9th Street, Fifth Avenue to the East River Studio Bedroom Bedroom Bedroom All Studio Bedroom Bedroom Bedroom All OCTOBER MAY 1715 ABSORPTION ABSORPTION REPORT REPORT Halstead Halstead Real Property Estate
5 West Side Generally 59th to 11th Street, Hudson River to west of Fifth Avenue Studio Bedroom Bedroom Bedroom All Studio Bedroom Bedroom Bedroom All OCTOBER MAY 1715 ABSORPTION ABSORPTION REPORT REPORT Halstead Halstead Real Property Estate 5
6 Midtown East Generally 3th to 59th Street, Fifth Avenue to the East River Studio Bedroom Bedroom Bedroom All Studio Bedroom Bedroom Bedroom All OCTOBER MAY 1715 ABSORPTION ABSORPTION REPORT REPORT Halstead Brown Halstead Harris Real Property Stevens Estate
7 Midtown West Generally 3th to 59th Street, Hudson River to west of Fifth Avenue Studio Bedroom Bedroom Bedroom All Studio Bedroom Bedroom Bedroom All OCTOBER MAY 1715 ABSORPTION ABSORPTION REPORT REPORT Halstead Brown Halstead Harris Real Property Stevens Estate 7
8 Downtown 3th - 1th Street Studio Bedroom Bedroom Bedroom Loft All Studio Bedroom Bedroom Bedroom Loft All OCTOBER MAY 1715 ABSORPTION ABSORPTION REPORT REPORT Halstead Brown Halstead Harris Real Property Stevens Estate
9 Downtown South of 1th Street Studio Bedroom Bedroom Bedroom Loft All 1, Studio Bedroom Bedroom Bedroom Loft All OCTOBER MAY 1715 ABSORPTION ABSORPTION REPORT REPORT Halstead Brown Halstead Harris Real Property Stevens Estate 9
10 Upper Manhattan Generally north of 9th Street on the East Side, and 11th Street on the West Side Studio Bedroom Bedroom Bedroom All Studio Bedroom Bedroom Bedroom All OCTOBER MAY 1715 ABSORPTION ABSORPTION REPORT REPORT Halstead Brown Halstead Harris Real Property Stevens Estate 1
11 OFFICES MANHATTAN PARK AVENUE 99 Park Avenue New York, NY EAST SIDE 77 Lexington Avenue New York, NY WEST SIDE Columbus Avenue New York, NY VILLAGE 31 Broadway New York, NY SOHO 51 West Broadway New York, NY HARLEM 19 Frederick Douglass Boulevard New York, NY WASHINGTON HEIGHTS 19 West 17th Street New York, NY RIVERDALE RIVERDALE JOHNSON 3531 Johnson Avenue Riverdale, NY BROOKLYN BROOKLYN HEIGHTS 1 Montague Street Brooklyn, NY NORTH SLOPE 7 Seventh Avenue Brooklyn, NY PARK SLOPE 1 7th Avenue Brooklyn, NY COBBLE HILL 1 Court Street Brooklyn, NY BEDFORD STUYVESANT 31 Stuyvesant Avenue Brooklyn, NY BEDFORD STUYVESANT 1191 Bedford Avenue Brooklyn, NY 111 N/A SOUTH SLOPE 11 th Avenue Brooklyn, NY FORT GREENE 75 Fulton Street Brooklyn, NY CONNECTICUT DARIEN 71 Boston Post Road Darien, CT NEW CANAAN - ELM STREET 13 Elm Street New Canaan, CT NEW CANAAN - SOUTH AVENUE South Avenue New Canaan, CT 3,9.777 ROWAYTON 1 Rowayton Avenue Rowayton, CT GREENWICH 15 Mason Street Greenwich, CT STAMFORD 199 High Ridge Road Stamford, CT WESTPORT 379 Post Road East Westport, CT 3.1. WILTON 1 River Road Wilton, CT FOREST HILLS 1-3 Ascan Avenue Forest Hills, NY Main #: NEW JERSEY HOBOKEN Washington Street Hoboken, NJ MONTCLAIR 35 Valley Road, Montclair, NJ HAMPTONS EAST HAMPTON Newtown Lane East Hampton, NY SOUTHAMPTON 31 Main Street Southampton, NY CORPORATE COMMERCIAL SALES 77 Lexington Avenue New York, NY DEVELOPMENT MARKETING 5 Park Avenue New York, NY Prepared by Lisa Rae Castrigno, VP of Research. 17 by Halstead Property, LLC. All Rights Reserved. This information may not be copied, commercially used or distributed without Halstead s prior consent. While information is believed true, no guaranty is made of accuracy. RIVERDALE MOSHOLU 5 Mosholu Avenue Riverdale, NY HUDSON VALLEY HUDSON 5 Warren Street Hudson, NY QUEENS LONG ISLAND CITY 7-1 Vernon Boulevard Queens, NY GLOBAL SERVICES 77 Lexington Avenue New York, NY MANAGEMENT COMPANY 77 Lexington Avenue, 7th floor New York, NY, Visit halstead.com for access to all of our reports, listings, neighborhood information and more.
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