JANUARY 1 ABSOR P TION R EPORT M A N H AT TA N A PA R T M EN TS
JANUARY 1 Highlights The absorption rate fell to 5.1 months in January, but remained 11% higher than a year ago. At 3.9 months, the absorption rate for co-ops remains well below the.5-month rate for condos. The West Side remains the tightest market in Manhattan, with just a 3.-month supply of apartments for sale. halstead.com WEB# 1779 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# 179 Cover Property, halstead.com WEB# 1713
Manhattan. 5..3..3 5.. 5. 5. 5.1 Jan-1 Studio 19.5 9 133 3. 1-Bedroom 77. 5.1 1. -Bedroom 93.3 13.7 1. 3+Bedroom 93 1. 11 1. 91 9. Loft 1.3 57 9.5 171 5. All 3,1.5 3,5 7.,7. Studio 3.5.9 15.1 1-Bedroom 3 3. 7 3.5 57.7 -Bedroom 3.9 7.5 5 3. 3+Bedroom 5 7.5 3. 71. Loft 15 5.1 3 5.7 17. All,173 3.9,73.5 1,931 3. JANUARY 1 ABSORPTION REPORT Halstead Real Estate 3
East Side Generally 59th St. to 9th Street, Fifth Avenue to the East River.9 5.7..9 7.1. 5. 5.3. 5.3 5. Jan-1 Studio 19 3.5.1 11 1. 1-Bedroom 3 3. 9. 1 3. -Bedroom 1 5. 135.9 19 7.3 3+Bedroom 15 9. 179 1. 159 11. All 3 5. 3 5. 3.1 Studio 59.9 9 3.3. 1-Bedroom 1 3.3 3.7 153.9 -Bedroom 9.9 5 5. 179. 3+Bedroom 5. 31 9. 9 1.5 All 7.7 3 5.3 9.3 JANUARY MAY 115 ABSORPTION ABSORPTION REPORT REPORT Halstead Halstead Real Property Estate
West Side Generally 59th to 11th Street, Hudson River to west of Fifth Avenue 3.3 3..1. 5.3 5.. 3.7.5..1 3. Jan-1 Studio 19. 1 5.3 11.1 1-Bedroom 79.7 9 3.1 75. -Bedroom 11. 15.3.5 3+Bedroom 1.5 15 7. 13 7. All 3.3 3.7 3 5.1 Studio 5 1. 9. 1.3 1-Bedroom 1.9 1 3. 13.3 -Bedroom 1.9 135 3.3 7 1.9 3+Bedroom 9.9 131.1 7.5 All 337 3.1 1 3.. JANUARY MAY 115 ABSORPTION ABSORPTION REPORT REPORT Halstead Halstead Real Property Estate 5
Midtown East 5. 5.7.5.... 5.7... 5. Generally 3th to 59th Street, Fifth Avenue to the East River Jan-1 Studio 5. 3.3 1. 1-Bedroom 13. 1 7. 1 -Bedroom 113. 13 9.1 1 5.7 3+Bedroom 111 1. 13 1.7 19 1. All 3 7.7 37.5 335.1 Studio 9. 9. 5. 1-Bedroom 1 3. 15. 1 3.7 -Bedroom 111. 13.9 97. 3+Bedroom 9 11. 9 1.1 1 All 353.1.9 33. JANUARY MAY 115 ABSORPTION ABSORPTION REPORT REPORT Halstead Brown Halstead Harris Real Property Stevens Estate
Midtown West 7. 7.7 7.. 9..1 7. 7..9. 7.3 7.1. Generally 3th to 59th Street, Hudson River to west of Fifth Avenue Jan-1 Studio 7 3.9 9.1 1 1.7 1-Bedroom 11 5. 15. 1.3 -Bedroom 1 7.5 137.1 13 11.3 3+Bedroom 9 3. 9 5. 5. All 31 7.3 9. 377 7. Studio 19 3.3 19 3. 9.3 1-Bedroom 3 3..1 35 5. -Bedroom 19 5. 7 7..5 3+Bedroom 7. 1 1. 17. All 75.1 9. 9 5. JANUARY MAY 115 ABSORPTION ABSORPTION REPORT REPORT Halstead Brown Halstead Harris Real Property Stevens Estate 7
Downtown 3th - 1th Street 5. 5.3 5.7... 5...9 5.1 5.3 5. Jan-1 Studio 1 3.5.1 1. 1-Bedroom 3. 7 3.3. -Bedroom 137.5 13. 15.7 3+Bedroom 17 1. 157 1.9 155 1. Loft 53 7. 7 9. 5 7. All 39.5 9. 7.1 Studio 3.5 5 3. 1. 1-Bedroom 79.9.9. -Bedroom 7.3 3.. 3+Bedroom 7. 9..3 Loft 5 7. 7. 5 5.3 All 3. 7 3.9 19 3. JANUARY MAY 115 ABSORPTION ABSORPTION REPORT REPORT Halstead Brown Halstead Harris Real Property Stevens Estate
Downtown South of 1th Street. 5..7..5 5.9 5.9 5.....3 Jan-1 Studio 71.3 7.9 5 5. 1-Bedroom 15.9 3 7.5 1 3.9 -Bedroom. 79 1. 1 5. 3+Bedroom 7 11. 9 11. 7 7.7 Loft 19.9 17 9. 113 5. All 955. 1,73 9.3 7 5. Studio 39 3. 3.9 35. 1-Bedroom.5 119 3.1 77. -Bedroom 7 3. 9 3. 7 3. 3+Bedroom.3 3.5 5. Loft 1 5.3 19. 93. All 335 3.5 3. 37 3. JANUARY MAY 115 ABSORPTION ABSORPTION REPORT REPORT Halstead Brown Halstead Harris Real Property Stevens Estate 9
Upper Manhattan 3. 3. 3...7.9..1 3.1..3.. Generally north of 9th Street on the East Side, and 11th Street on the West Side Jan-1 Studio 13.5 15. 7 3. 1-Bedroom 57. 5. 51 3.7 -Bedroom 5. 7. 3.9 3+Bedroom. 7..1 All 1.7.9 17. Studio 1 3. 1 3. 7 1. 1-Bedroom 3. 5 3. 3 1. -Bedroom 5.9 7 3.7.3 3+Bedroom 39 7.5 53 7. 5 3. All 15 3. 19.3 13. JANUARY MAY 115 ABSORPTION ABSORPTION REPORT REPORT Halstead Brown Halstead Harris Real Property Stevens Estate 1
OFFICES MANHATTAN PARK AVENUE 99 Park Avenue New York, NY 1 1.73.1 EAST SIDE 77 Lexington Avenue New York, NY 15 1.317.7 WEST SIDE Columbus Avenue New York, NY 1 1.79.3 VILLAGE 31 Broadway New York, NY 13 1.31.5 SOHO 51 West Broadway New York, NY 11 1.31. HARLEM 19 Frederick Douglass Boulevard New York, NY 1 1.31.57 WASHINGTON HEIGHTS 19 West 17th Street New York, NY 133 1.31.5 BROOKLYN BROOKLYN HEIGHTS 1 Montague Street Brooklyn, NY 111 71.13. NORTH SLOPE 7 Seventh Avenue Brooklyn, NY 1117 71.399. PARK SLOPE 1 7th Avenue Brooklyn, NY 1115 71.7.19 COBBLE HILL 1 Court Street Brooklyn, NY 111 71.13. BEDFORD STUYVESANT 31 Stuyvesant Avenue Brooklyn, NY 1133 71.13. SOUTH SLOPE 11 th Avenue Brooklyn, NY 1115 71.7.1 FORT GREENE 75 Fulton Street Brooklyn, NY 117 71.13. CONNECTICUT DARIEN 71 Boston Post Road Darien, CT 3.55.11 NEW CANAAN - ELM STREET 13 Elm Street New Canaan, CT 3.9.7 NEW CANAAN - SOUTH AVENUE South Avenue New Canaan, CT 3,9.777 ROWAYTON 1 Rowayton Avenue Rowayton, CT 53 3.55.11 GREENWICH 15 Mason Street Greenwich, CT 3 3.9.1 STAMFORD 199 High Ridge Road Stamford, CT 95 3.39.1 WESTPORT 379 Post Road East Westport, CT 3.1. FOREST HILLS 1-3 Ascan Avenue Forest Hills, NY 11375 Main #: 71-5-33 NEW JERSEY HOBOKEN Washington Street Hoboken, NJ 73 1.7.7 MONTCLAIR 35 Valley Road, Montclair, NJ 73 973.7.33 HAMPTONS EAST HAMPTON Newtown Lane East Hampton, NY 11937 31.3.1 SOUTHAMPTON 31 Main Street Southampton, NY 119 31.3.3 CORPORATE COMMERCIAL SALES 77 Lexington Avenue New York, NY 15 1.31.3 Prepared by Lisa Rae Castrigno, SVP of Research. 1 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. BRONX RIVERDALE JOHNSON 3531 Johnson Avenue Riverdale, NY 13 71.7.17 RIVERDALE MOSHOLU 5 Mosholu Avenue Riverdale, NY 171 71.59.11 HUDSON VALLEY HUDSON 5 Warren Street Hudson, NY 153 51..11 WILTON 1 River Road Wilton, CT 97 3.7.11 QUEENS LONG ISLAND CITY 7-1 Vernon Boulevard Queens, NY 111 71.7.1 DEVELOPMENT MARKETING 5 Park Avenue New York, NY 1 1.51.573 GLOBAL SERVICES 77 Lexington Avenue New York, NY 15 1. 31.51 MANAGEMENT COMPANY 77 Lexington Avenue, 7th floor New York, NY, 15 1.5.77 Visit halstead.com for access to all of our reports, listings, neighborhood information and more.