LAREB - DIEGO PLAZA

07/14/2023

06/07/2023

June 6th, 2023 NYC RE Market Update:
1- Each month the activity in the NYC RE market has been growing compared to the previous month, since Jan. 2023.
2- The area in Manhattan that has seen the highest increase in sales activity is the Upper East Side.
3- Properties under $3M have been selling faster than anything else. This includes co-ops and condos.
4- Unrenovated co-ops are taking much longer to sell.
5- The Median discount from the last price change is 2.5%,.
6- Days on the market from last price change, are 68 days for co-ops and 56 days for condominiums.
7- The highest number of buyers affected by the increase in interest rates have been people looking in the $1M to $2M range.
Should you have any questions regarding the current RE market in NYC, or would like to discuss your personal RE needs, please do not hesitate to contact me at [email protected] or 917-692-3914. Thank you - Diego Plaza LAREB.

06/04/2023

VIEWS, SPACE, & LOCATION!! Showing today apt 38C at 347 W 57 St, the Colonnade Condominium. 11:30 AM TO 1 PM. Now $2.3M - Convertible 3 bed, 2.5 bath and Balcony! The best deal in the area for a 1,347 SF condo. Bring your buyers!! Call me for an appt. 917-692-3914. ¹¹

06/02/2023

OPEN WATER SEASON IS HERE AGAIN! GREAT SWIM TODAY WITH COACH SHAWN, CRAIG, GORGE, AND PAT! 1.3 MILES IN CALM WATERS AT TOBAY! SOME PALM TREES THERE ALSO!

05/14/2020

April 2020 Douglas Elliman Manhattan Contract Signed Report

Dear Friends,

Attached please find the latest Manhattan Contract Signed Report. This report includes the signed contracts for all DE Manhattan transactions. Key market indicators are represented in trailing thirteen-month graphs.
A comparison of the previous month’s analysis is included in the report. A Brooklyn summary is featured separately.

April ’20 vs April ‘19

FOR COOPS

Average sales price decreased to $1,047,166 from $1,275,600
Median sales price decreased to $705,000 from $840,000
Discount from Original Asking Price remained the same at 10.4%
Discount from Last Asking Price increased to 5.9% from 4.2%
Initial Index offer decreased to 5.22% from 6.05%
Transactions over $1,000,000 decreased to 33% from 40%
Transactions under $1,000,000 increased to 67% from 60%
Median number of days on market to C/S, from last ask price increased to 84 from 71 days
78% of Coop Sales are financed of which 92% are contingent on financing
5% of buyers are international
24% of Coops sold at ask & above the asking price.

FOR CONDOS

Average sales price decreased to $2,949,118 from $3,213,166
Median sales price increased to $2,187,500 from $1,800,000
Discount from Original Asking Price decreased to 8.7% from 11.0%
Discount from Last Asking Price increased to 6.9% from 6.0%
Initial Index offer increased to 10.00% from 5.88%
Transactions over $1,000,000 decreased to 75% from 78%
Transactions under $1,000,000 increased to 25% from 22%
Median number of days on market to C/S, from last ask price decreased to 58 from 67 days
41% of Condo Sales are financed of which 68% are contingent on financing
50% of Condo Sales are New Developments
29% of buyers are international
14% of Condos sold at ask & above the asking price.

Number of Active listings for Coops and Condos on the market decreased by 4.6%.

Overall, there was a 75% decrease in the number of transactions in a year over year comparison. Sales volume is down 80% compared to last year. The discount increased by "only" 6%. 92% of deals are contingent on financing. New Developments offer the biggest discounts. 50% of the contracts signed in April 2020 were in New Developments. The highest number of deals signed were for properties priced lower than $2M. This is the segment of the market that is most active.

If you would like any further information about the state of the RE Market in Manhattan or about a particular piece of RE please do not hesitate to contact me. Thank you

05/14/2020

IN CONTRACT! 55 EAST 87TH ST, APT 7D, $1,7M Beautifully spacious 2 bedroom/2 bathroom, with an easily convertible third bedroom option, located one block from Central Park. The kitchen is fitted with granite countertops and flooring, a subzero fridge, and plenty of open space leading to separate living and dining areas. The apartment boasts wood floors throughout, plenty of natural light, and a large south-facing terrace. The spacious bedrooms are north facing towards an interior courtyard, with light flooding the space during the day. The master bedroom has a newly renovated ensuite bathroom with a large walk-in closet. Both bedrooms have plenty of additional closet and storage space built-in. The Parc is an elegant full-service coop, built in 1963, located between Park and Madison Avenue, with a resident manager and full-time doorman are always on-site. The building is pet friendly, and has convenient amenities including a bike room, on-site garage, and large laundry room. It is situated within blocks of the most notorious museums,

05/14/2020

In Contract! 239 W 148th St, Apt 3U $550,000 Bright and airy two-bedroom, one bath at the Washington, an HDFC co-op in the Historical District of Central Harlem. This wonderful home features two oversize bedrooms, excellent closets, a separate window kitchen with all modern appliances and a water filtration system, a breakfast nook, a modern bathroom, wood floors, lots of brilliant light, and open views. The Washington is an elevator co-op with video intercom security and on-site resident manager. In addition, it offers wheelchair access, two laundry rooms, children playroom, fitness room, bicycle storage, community room, and storage. The maximum allowed household income eligibility for this unit is $234,000. The building is conveniently located near many subway and bus lines, Jackie Robison Park and Recreation Center. There is wonderful shopping and many restaurants nearby. A great find!

05/13/2020

450 East 83rd St, Apt 2F, New York, NY $3,300 per month: One of a kind Jumbo Studio in a white-glove condominium in Manhattan's Upper East Side. Enjoy soaring 11-foot ceilings, wood floors, Oversize windows, full-size kitchen with top of the line appliances, marble bath, WD, and an enormous WIC. This wonderful property faces East and it affords fabulous city views as well a brilliant natural light. The Cielo condominium is full-service bldg. with 24 hour attended lobby, Resident Manager, Fitness Center, Children Playroom, Outdoor terrace, central laundry room, and Parking garage. It is located within easy access to Carl Schurz Park, the East River Promenade as well as easy access to major transportation lines such as the M31 Bus line and Q train nearby. A fantastic find!

05/13/2020

200 East 69th St, Apt 4N, New York, NY. $4,950 per month. Available Furnished or Unfurnished; 1-year lease minimum. Full Size one bedroom with 1.5 baths in Top Upper East Side Luxury Condominium. This wonderful property offers a balcony, guest bath, modern kitchen, large master bedroom and master bath, W/D as well as excellent closet space. 200 East 69th St is a full-service condominium with 24 hour attended lobby, resident manager, fitness center, and on-site parking garage. Sorry no pets.

05/13/2020

GREAT ONE BEDROOM AVAILABLE FOR RENT AT 200 EAST 69TH ST, APT 4N. UNIT FEATURES A PRIVATE BALCONY, 1.5 BATHS, W/D, MODERN KITCHEN AND LARGE MASTER BATH. FULL SERVICE CONDOMINIUM. ASKS $4,950 FURNISHED OR UNFURNISHED. SORRY NO PETS