Report: Manhattan Co-op and Condo Sales Prices Rose for 5th Year in a Row Douglas Elliman's Latest Study Covers Price Trends From 2008 to 2017

By David Chiu 5 February 2018 Buying & Selling Real Estate Trends Finance

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Market wide, sales prices for co-ops and condos in Manhattan have been rising steadily year-over-year for the fifth consecutive year.

That is according to the latest study, 2017 Manhattan Decade Sales Report, released by Douglas Elliman and prepared by Miller Samuel.

Both the average and median sales prices have trended upward since 2013 for co-ops and condos in that particular borough, based on figures from the report:

Average Sales Price

2013: $1,442,753

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Events

Thu, Dec 13, 7:30am – 12:00pm

Bisnow: NYC 2019 Forecast

Thu, Dec 13, 7:30am – 12:00pm add to calendar 13-12-2018 07:30 13-12-2018 12:00 America/New_York Bisnow: NYC 2019 Forecast Neighborhoods in all five boroughs are now included in a new federal program designed to bring investment and development into the region — and savvy investors and city officials are working together to spark economic activity. We will take a deep dive into the current and expected effects of Opportunity Zones, as well as neighborhoods to watch, capital markets, and major projects that will come online in 2019. For information, visit www.bisnow.com. Location TBA MM/DD/YYYY

Bisnow: NYC 2019 Forecast

Neighborhoods in all five boroughs are now included in a new federal program designed to bring investment and development into the region — and savvy investors and city officials are working together to spark economic activity. We will take a deep dive into the current and expected effects of Opportunity Zones, as well as neighborhoods to watch, capital markets, and major projects that will come online in 2019. For information, visit www.bisnow.com.

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Wed, Dec 19, 8:00am – 1:30pm

iGlobal Forum: Breakfast With Real Estate Titans Dealmaker

Wed, Dec 19, 8:00am – 1:30pm add to calendar 19-12-2018 08:00 19-12-2018 13:30 America/New_York iGlobal Forum: Breakfast With Real Estate Titans Dealmaker The new, one-of-a-kind event will feature a unique combination of high-level educational and networking opportunities in a concise format delivering unprecedented access to industry luminaries and 1x1 networking. Keynote speakers will share their strategies in finding real returns in a complex real estate market, playing to win, creating value and sustaining their position as an industry leader. The 1x1 interview-style sessions will be followed by a series of concise and targeted roundtable discussions and 1x1 meetings, where real estate investors, operators and managers will connect and evaluate the potential for mutual business endeavors. For information, visit http://www.iglobalforum.com/RETitans.html. Location TBA MM/DD/YYYY

iGlobal Forum: Breakfast With Real Estate Titans Dealmaker

The new, one-of-a-kind event will feature a unique combination of high-level educational and networking opportunities in a concise format delivering unprecedented access to industry luminaries and 1x1 networking. Keynote speakers will share their strategies in finding real returns in a complex real estate market, playing to win, creating value and sustaining their position as an industry leader. The 1x1 interview-style sessions will be followed by a series of concise and targeted roundtable discussions and 1x1 meetings, where real estate investors, operators and managers will connect and evaluate the potential for mutual business endeavors. For information, visit http://www.iglobalforum.com/RETitans.html.

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Tue, Jan 15, 9:00pm – 12:00am

Homeowners Night

Tue, Jan 15, 9:00pm – 12:00am add to calendar 15-01-2019 21:00 16-01-2019 00:00 America/New_York Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need to: plan for a home renovation or construction project; address an open violation on your property; obtain more information and records about a property; use our online resources including DOB NOW and the Buildings Information System (BIS). Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. For information, visit www1.nyc.gov/site/buildings/homeowner/homeowner.page. Check your borough office MM/DD/YYYY

Homeowners Night

If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need to: plan for a home renovation or construction project; address an open violation on your property; obtain more information and records about a property; use our online resources including DOB NOW and the Buildings Information System (BIS). Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. For information, visit www1.nyc.gov/site/buildings/homeowner/homeowner.page.

Check your borough office map

Thu, Jan 17, 6:30pm – 10:00pm

REBNY 123rd Annual Banquet

Thu, Jan 17, 6:30pm – 10:00pm add to calendar 17-01-2019 18:30 17-01-2019 22:00 America/New_York REBNY 123rd Annual Banquet REBNY's Annual Banquet is New York City's largest real estate networking event, providing a unique and invaluable opportunity to share space with top owners, developers, brokers and major city officials in one room. Bringing together over 2,000 people, this event honors these movers and shakers by presenting seven prestigious industry awards throughout the evening. For information, visit www.rebny.com. New York Hilton Midtown, 1335 6th Ave, New York, NY 10019, USA MM/DD/YYYY

REBNY 123rd Annual Banquet

REBNY's Annual Banquet is New York City's largest real estate networking event, providing a unique and invaluable opportunity to share space with top owners, developers, brokers and major city officials in one room. Bringing together over 2,000 people, this event honors these movers and shakers by presenting seven prestigious industry awards throughout the evening. For information, visit www.rebny.com.

New York Hilton Midtown, 1335 6th Ave, New York, NY 10019, USA map

Tue, Jan 22, 9:00pm – 12:00am

Homeowners Night

Tue, Jan 22, 9:00pm – 12:00am add to calendar 22-01-2019 21:00 23-01-2019 00:00 America/New_York Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need to: plan for a home renovation or construction project; address an open violation on your property; obtain more information and records about a property; use our online resources including DOB NOW and the Buildings Information System (BIS). Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. For information, visit www1.nyc.gov/site/buildings/homeowner/homeowner.page. Check your borough office MM/DD/YYYY

Homeowners Night

Check your borough office map

Wed, Jan 23 – Sun, Jan 27

CAI: Community Association Law Seminar

Wed, Jan 23 – Sun, Jan 27 add to calendar 23-01-2019 00:00 27-01-2019 00:00 America/New_York CAI: Community Association Law Seminar CAI's Community Association Law Seminar is brought to you by the College of Community Association Lawyers (CCAL). The program is developed each year as part of CCAL's commitment to advancing the knowledge and practice of community association law. The Law Seminar provides a unique learning opportunity to discuss emerging trends and legislative issues important to the practice of community association law—as well as excellent opportunities for professional networking. For information, www.caionline.org. New Orleans, LA, USA MM/DD/YYYY

CAI: Community Association Law Seminar

CAI's Community Association Law Seminar is brought to you by the College of Community Association Lawyers (CCAL). The program is developed each year as part of CCAL's commitment to advancing the knowledge and practice of community association law. The Law Seminar provides a unique learning opportunity to discuss emerging trends and legislative issues important to the practice of community association law—as well as excellent opportunities for professional networking. For information, www.caionline.org.

New Orleans, LA, USA map

Tue, Jan 29, 9:00pm – 12:00am

Homeowners Night

Tue, Jan 29, 9:00pm – 12:00am add to calendar 29-01-2019 21:00 30-01-2019 00:00 America/New_York Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need to: plan for a home renovation or construction project; address an open violation on your property; obtain more information and records about a property; use our online resources including DOB NOW and the Buildings Information System (BIS). Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. For information, visit www1.nyc.gov/site/buildings/homeowner/homeowner.page. Check your borough office MM/DD/YYYY

Homeowners Night

Check your borough office map

Thu, Jan 31, 6:00pm – 8:00pm

CAI-LI Chapter Membership Meeting and Seminar

Thu, Jan 31, 6:00pm – 8:00pm add to calendar 31-01-2019 18:00 31-01-2019 20:00 America/New_York CAI-LI Chapter Membership Meeting and Seminar For information, visit www.cai-li.org. Fairfield Properties, 150 Broadhollow Rd, Melville, NY 11747, USA MM/DD/YYYY

CAI-LI Chapter Membership Meeting and Seminar

For information, visit www.cai-li.org.

Fairfield Properties, 150 Broadhollow Rd, Melville, NY 11747, USA map

Tue, Feb 5, 9:00pm – 12:00am

Homeowners Night

Tue, Feb 5, 9:00pm – 12:00am add to calendar 05-02-2019 21:00 06-02-2019 00:00 America/New_York Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need to: plan for a home renovation or construction project; address an open violation on your property; obtain more information and records about a property; use our online resources including DOB NOW and the Buildings Information System (BIS). Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. For information, visit www1.nyc.gov/site/buildings/homeowner/homeowner.page. Check your borough office MM/DD/YYYY

Homeowners Night

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Thu, Feb 7 – Sat, Feb 9

IMN: 2nd Annual Middle Market Multifamily Forum

Thu, Feb 7 – Sat, Feb 9 add to calendar 07-02-2019 00:00 09-02-2019 00:00 America/New_York IMN: 2nd Annual Middle Market Multifamily Forum IMN will build on the success of its rapidly expanding multifamily conference franchise by gathering leading real estate professionals from across the country. Each edition of IMN’s Middle-Market Multifamily franchise attracts an average of over 500 registrants – over 60% of which are categorized as small and mid-sized multifamily owners – and between 30-40 sponsors/exhibitors, ensuring delegates have ample opportunity for networking and business development. For information, visit https://www.imn.org/real-estate/conference/2nd-Annual-Middle-Market-Multifamily-Forum-Northeast. New York Marriott Downtown, 85 West St, New York, NY 10006, USA MM/DD/YYYY

IMN: 2nd Annual Middle Market Multifamily Forum

IMN will build on the success of its rapidly expanding multifamily conference franchise by gathering leading real estate professionals from across the country. Each edition of IMN’s Middle-Market Multifamily franchise attracts an average of over 500 registrants – over 60% of which are categorized as small and mid-sized multifamily owners – and between 30-40 sponsors/exhibitors, ensuring delegates have ample opportunity for networking and business development. For information, visit https://www.imn.org/real-estate/conference/2nd-Annual-Middle-Market-Multifamily-Forum-Northeast.

New York Marriott Downtown, 85 West St, New York, NY 10006, USA map

Thu, Feb 7, 6:30pm – 9:30pm

IREM: Annual Dinner & Awards

Thu, Feb 7, 6:30pm – 9:30pm add to calendar 07-02-2019 18:30 07-02-2019 21:30 America/New_York IREM: Annual Dinner & Awards Honorees: Real Estate Person of the Year: Matt Duthie, Newmark, Knight, Frank; Certified Property Manager of the Year: Erin Leahy, CPM® Cushman & Wakefield; Industry Partner of the Year: JAD Building Maintenance Supplies; mAccredited Management Organization of the Year: Related Management, AMO®. Tickets: $2,500.00 Event Sponsor; $325.00 Per Person; $3,250.00 Per Table. For information, visit www.iremnyc.org. 230 5th Ave, New York, NY 10001, USA MM/DD/YYYY

IREM: Annual Dinner & Awards

Honorees: Real Estate Person of the Year: Matt Duthie, Newmark, Knight, Frank; Certified Property Manager of the Year: Erin Leahy, CPM® Cushman & Wakefield; Industry Partner of the Year: JAD Building Maintenance Supplies; mAccredited Management Organization of the Year: Related Management, AMO®. Tickets: $2,500.00 Event Sponsor; $325.00 Per Person; $3,250.00 Per Table. For information, visit www.iremnyc.org.

230 5th Ave, New York, NY 10001, USA map

Tue, Feb 12, 9:00pm – 12:00am

Homeowners Night

Tue, Feb 12, 9:00pm – 12:00am add to calendar 12-02-2019 21:00 13-02-2019 00:00 America/New_York Homeowners Night If you are a homeowner, tenant, small business owner or building manager, we encourage you to visit your local borough office where Department of Buildings staff can answer your questions and provide the information you need to: plan for a home renovation or construction project; address an open violation on your property; obtain more information and records about a property; use our online resources including DOB NOW and the Buildings Information System (BIS). Permits, construction codes, zoning regulations, sign offs, certificates of occupancy, place of assembly, equipment installations, violations and civil penalties are just a few of the things we can assist you with. For information, visit www1.nyc.gov/site/buildings/homeowner/homeowner.page. Check your borough office MM/DD/YYYY

Homeowners Night

Check your borough office map

Thu, Mar 7, 7:45am – 2:15pm

9th annual Brooklyn Real Estate Summit, presented by JLL

Thu, Mar 7, 7:45am – 2:15pm add to calendar 07-03-2019 07:45 07-03-2019 14:15 America/New_York 9th annual Brooklyn Real Estate Summit, presented by JLL GreenPearl is excited to announce the return of the Brooklyn Real Estate Summit presented by JLL for its 9th year. On March 7th, Brooklyn’s most active developers, investors, owners, and operators gather to explore new opportunities and resolve key obstacles in one of New York City’s most complex real estate markets. For information, visit https://www.eventbrite.com/e/9th-annual-brooklyn-real-estate-summit-presented-by-jll-registration-51987200115. Brooklyn, NY, USA MM/DD/YYYY

9th annual Brooklyn Real Estate Summit, presented by JLL

GreenPearl is excited to announce the return of the Brooklyn Real Estate Summit presented by JLL for its 9th year. On March 7th, Brooklyn’s most active developers, investors, owners, and operators gather to explore new opportunities and resolve key obstacles in one of New York City’s most complex real estate markets. For information, visit https://www.eventbrite.com/e/9th-annual-brooklyn-real-estate-summit-presented-by-jll-registration-51987200115.

Brooklyn, NY, USA map

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News

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Interviews with real estate developers don’t usually involve cavemen and the origins of civilization. But most aren’t Harry Macklowe, the 81-year-old builder whose storied ups and downs are the stuff of New York real estate legend.
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12/6/2018 Kushner Companies pays out $88K in Brooklyn rent stabilization lawsuit - Curbed

The Housing Rights Initiative has announced the preliminary outcome of a class action lawsuit filed against Kushner Companies in August 2017 on behalf of five former tenants of 89 Hicks Street over the illegal deregulation of rent-stabilized units in the building.
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12/6/2018 Amazon has sparked a condo-buying frenzy in Long Island City - NY Post

In January, following a move to Southern California, Edward Jun listed his three-bedroom condo in Long Island City for $2.29 million. Several offers came in: the first at $2.17 million, with the rest dipping even lower. The spread ultimately dropped its price to $2.1 million in May, spending some 300 days on the market.
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12/5/2018 Landlords raise red flags over council's 'green' bill - Crain's New York Business

The lobbying organization for the city's biggest landlords said it would be impossible to comply with a City Council bill that would require them to cut their buildings' carbon emissions twice in the next five years. Moreover, the measure is unfair as written, the group argued.
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12/5/2018 Co-op City at 50 - Curbed

On December 10, 1968, the first handful of families moved into the original—and, at that point, only—high-rise apartment building at Co-op City in the Baychester neighborhood of the Bronx.
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12/4/2018 Madonna loses court battle with co-op board - Daily News

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12/4/2018 Luxury Condos Stay Strong in November, While Single-Family Slides - Property Shark

Top condo transactions for November had two of the fall seasons higher profile sales, both at the newly-opened 520 Park Avenue luxury tower.
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12/4/2018 Former Bear Stearns exec relists palatial Greenwich Village townhouse for $59.5M - Curbed

The positively palatial 16,560-square-foot Greenwich Village townhouse of former Bear Stearns co-president Warren Spector has returned to the market with the equally substantial price tag of $59.5 million.
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12/4/2018 After Amazon workers snagged LIC condos, a senator wants to prevent insider deals - The Real Deal

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12/3/2018 Brooklyn Point’s Rapid Ascent Continues in Downtown Brooklyn - YIMBY

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12/3/2018 Tudor City co-op with vibrant redesign seeks $448K - Curbed

A cozy Tudor City apartment has just hit the market sporting a fresh, new renovation and asking $448,000.
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12/3/2018 4 Things NYC Developers, Landlords and Brokers Think You Should Know Going Into 2019 - Bisnow

It has been a year of milestones for New York City’s commercial real estate market. Coworking entered into unprecedented territory, with WeWork now the biggest private tenant in Manhattan. Amazon caught the industry by surprise, announcing in mid-November that it would bring its HQ2, and 25,000 jobs with it, to the Long Island City waterfront. Many are continuing to work out what kind of impact opportunity zones will have on the market.
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Long Island City is slated for a new wave of residential projects — and the Amazon move may help push more developers toward condominium projects in the rental-heavy neighborhood.
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