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

Manhattan Residential Prices Jump

New Sales Boon to Increased Market Activity

Report: Condo Prices at Trump Properties Take a Hit

Average Sales Price for a Trump Unit Fell 16 Percent Compared to a Manhattan Condo

Report: Manhattan Co-op Market Hits Record High for 3Q 2017

Douglas Elliman Released New Third-Quarter Surveys for Manhattan, Brooklyn and Queens Sales

Events

Thu, Apr 26, 9:00am – 4:30pm

The Cooperator Expo New York

Thu, Apr 26, 9:00am – 4:30pm add to calendar 26-04-2018 09:00 26-04-2018 16:30 America/New_York The Cooperator Expo New York Learn about the latest building services from more than 300 exhibitors, Attend educational seminars, get free advice from industry experts, and network with your peers at this leading real estate trade show in New York. For information and to register, visit www.coopexpo.com. New York Hilton Midtown, 1335 6th Ave, New York, NY 10019, USA MM/DD/YYYY

The Cooperator Expo New York

Learn about the latest building services from more than 300 exhibitors, Attend educational seminars, get free advice from industry experts, and network with your peers at this leading real estate trade show in New York. For information and to register, visit www.coopexpo.com.

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

Sat, May 5, 8:00am – 2:00pm

CAI-LI: Board Leadership Development Workshop

Sat, May 5, 8:00am – 2:00pm add to calendar 05-05-2018 08:00 05-05-2018 14:00 America/New_York CAI-LI: Board Leadership Development Workshop For information, visit <a href="http://www.cai-li.org/">www.cai-li.org</a>. Belfor Property Restoration Conference Room, 60 Raynor Avenue, Ronkonkoma, NY MM/DD/YYYY

CAI-LI: Board Leadership Development Workshop

For information, visit <a href="http://www.cai-li.org/">www.cai-li.org</a>;.

Belfor Property Restoration Conference Room, 60 Raynor Avenue, Ronkonkoma, NY map

Tue, May 8, 10:00am – 5:00pm

BuildingsNY

Tue, May 8, 10:00am – 5:00pm add to calendar 08-05-2018 10:00 09-05-2018 17:00 America/New_York BuildingsNY BuildingsNY is the single source, full product life-cycle solution to safely and cost-effectively operate your buildings with a unique combination of an exhibition, <a href="http://www.buildingsny.com/Education/">no-cost accredited education</a>, partnership opportunities, and networking events. For information, visit http://www.buildingsny.com. Jacob K. Javits Convention Center, 655 W. 34th St, New York, NY 10001, USA MM/DD/YYYY

BuildingsNY

BuildingsNY is the single source, full product life-cycle solution to safely and cost-effectively operate your buildings with a unique combination of an exhibition, <a href="http://www.buildingsny.com/Education/">no-cost accredited education</a>, partnership opportunities, and networking events. For information, visit http://www.buildingsny.com.

Jacob K. Javits Convention Center, 655 W. 34th St, New York, NY 10001, USA map

Wed, May 16, 9:00am – 4:00pm

The Only Brooklyn. Real Estate Conference

Wed, May 16, 9:00am – 4:00pm add to calendar 16-05-2018 09:00 16-05-2018 16:00 America/New_York The Only Brooklyn. Real Estate Conference Since 2010, TerraCRG has hosted the borough’s most engaging and relevant Only Brooklyn.® Real Estate Conference, gathering hundreds of real estate players to discuss the future of one of the most powerful sub-markets in the country. TerraCRG’s Conference features curated panel topics that revolve around current real estate projects, trends and issues happening throughout Brooklyn. For information, visit onlybklyn.com. Brooklyn Academy of Music, 30 Lafayette Ave, Brooklyn, NY 11217, USA MM/DD/YYYY

The Only Brooklyn. Real Estate Conference

Since 2010, TerraCRG has hosted the borough’s most engaging and relevant Only Brooklyn.® Real Estate Conference, gathering hundreds of real estate players to discuss the future of one of the most powerful sub-markets in the country. TerraCRG’s Conference features curated panel topics that revolve around current real estate projects, trends and issues happening throughout Brooklyn. For information, visit onlybklyn.com.

Brooklyn Academy of Music, 30 Lafayette Ave, Brooklyn, NY 11217, USA map

Wed, May 16, 10:00pm – 1:30am

CNYC: Introduction to Co-op Board Responsibilities: An Intensive Seminar for New Directors

Wed, May 16, 10:00pm – 1:30am add to calendar 16-05-2018 22:00 17-05-2018 01:30 America/New_York CNYC: Introduction to Co-op Board Responsibilities: An Intensive Seminar for New Directors In this 2-session class, attorney Marc Luxemburg and property manager Gregory Carlson examine all aspects of operating cooperatives. The class is limited to board members of housing cooperatives. It is jointly sponsored by CNYC, the Federation of New York Housing Cooperatives and Condominiums and the Association of Riverdale Cooperatives, each of whose members attend at the member rate. Advanced registration is required. A light supper is served in the break. The cost is $125 per person if your cooperative is a member of CNYC; ARC or FNYHC, $200 for non-members. Pre- reserve, by phone (212) 496- 7400 or e-mail to workshops@CNYC.coop. Payment sent to CNYC at 250 West 57 Street, Suite 730, NYC 10107 confirms your registration. There is a surcharge of $15 for late payment. TBA MM/DD/YYYY

CNYC: Introduction to Co-op Board Responsibilities: An Intensive Seminar for New Directors

In this 2-session class, attorney Marc Luxemburg and property manager Gregory Carlson examine all aspects of operating cooperatives. The class is limited to board members of housing cooperatives. It is jointly sponsored by CNYC, the Federation of New York Housing Cooperatives and Condominiums and the Association of Riverdale Cooperatives, each of whose members attend at the member rate. Advanced registration is required. A light supper is served in the break. The cost is $125 per person if your cooperative is a member of CNYC; ARC or FNYHC, $200 for non-members. Pre- reserve, by phone (212) 496- 7400 or e-mail to workshops@CNYC.coop. Payment sent to CNYC at 250 West 57 Street, Suite 730, NYC 10107 confirms your registration. There is a surcharge of $15 for late payment.

TBA map

Wed, May 23, 2:00pm – 3:00pm

CAI Webinar: Hit the Road: Private Road Repair in Your Community

Wed, May 23, 2:00pm – 3:00pm add to calendar 23-05-2018 14:00 23-05-2018 15:00 America/New_York CAI Webinar: Hit the Road: Private Road Repair in Your Community How are you going to fix that road? Good Question! For association boards and managers interested in permanently fixing and maintain their roads and driveways, this webinar on the Road Repair Handbook fully explains why roads fall apart and how to repair them. You’ll learn straightforward advice, practical tips, and smart construction strategies for the process and pitfalls inherent in repairing dirt, gravel, concrete, and asphalt roads. For information, visit www.caionline.org.  MM/DD/YYYY

CAI Webinar: Hit the Road: Private Road Repair in Your Community

How are you going to fix that road? Good Question! For association boards and managers interested in permanently fixing and maintain their roads and driveways, this webinar on the Road Repair Handbook fully explains why roads fall apart and how to repair them. You’ll learn straightforward advice, practical tips, and smart construction strategies for the process and pitfalls inherent in repairing dirt, gravel, concrete, and asphalt roads. For information, visit www.caionline.org. ;

Wed, May 23, 10:00pm – 1:30am

CNYC: Introduction to Co-op Board Responsibilities: An Intensive Seminar for New Directors

Wed, May 23, 10:00pm – 1:30am add to calendar 23-05-2018 22:00 24-05-2018 01:30 America/New_York CNYC: Introduction to Co-op Board Responsibilities: An Intensive Seminar for New Directors In this 2-session class, attorney Marc Luxemburg and property manager Gregory Carlson examine all aspects of operating cooperatives. The class is limited to board members of housing cooperatives. It is jointly sponsored by CNYC, the Federation of New York Housing Cooperatives and Condominiums and the Association of Riverdale Cooperatives, each of whose members attend at the member rate. Advanced registration is required. A light supper is served in the break. The cost is $125 per person if your cooperative is a member of CNYC; ARC or FNYHC, $200 for non-members. Pre- reserve, by phone (212) 496- 7400 or e-mail to workshops@CNYC.coop. Payment sent to CNYC at 250 West 57 Street, Suite 730, NYC 10107 confirms your registration. There is a surcharge of $15 for late payment. TBA MM/DD/YYYY

CNYC: Introduction to Co-op Board Responsibilities: An Intensive Seminar for New Directors

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Wed, Jun 6, 3:00pm – 6:00pm

CAI-LI Chapter's 7th Annual Golf Outing

Wed, Jun 6, 3:00pm – 6:00pm add to calendar 06-06-2018 15:00 06-06-2018 18:00 America/New_York CAI-LI Chapter's 7th Annual Golf Outing Shotgun start at 3 pm for nine holes on the sandpiper course; dinner follows at 5:15 p.m. For information. Visit <a href="http://www.cai-li.org/">www.cai-li.org</a>. Spring Lake Golf Club, 30 E Bartlett Rd, Middle Island, NY 11953, USA MM/DD/YYYY

CAI-LI Chapter's 7th Annual Golf Outing

Shotgun start at 3 pm for nine holes on the sandpiper course; dinner follows at 5:15 p.m. For information. Visit <a href="http://www.cai-li.org/">www.cai-li.org</a>;.

Spring Lake Golf Club, 30 E Bartlett Rd, Middle Island, NY 11953, USA map

Thu, Jun 14, 8:00am – 3:00pm

CAI-Hudson Valley: HOA/Condo Board Member Manager Boot Camps

Thu, Jun 14, 8:00am – 3:00pm add to calendar 14-06-2018 08:00 14-06-2018 15:00 America/New_York CAI-Hudson Valley: HOA/Condo Board Member Manager Boot Camps Topics (including but not limited to): roles and responsibilities; ethics; rules; board meetings; budgets and funding reserves; assessment & collections; financial statements; insurance; maintenance bid requests & contract provisions. For information, visit <a href="http://www.associationhelpnow.com/">www.associationhelpnow.com</a>. Homewood Suites, Newburgh-Stewart Airport, 180 Breunig Rd., New Windsor, NY MM/DD/YYYY

CAI-Hudson Valley: HOA/Condo Board Member Manager Boot Camps

Topics (including but not limited to): roles and responsibilities; ethics; rules; board meetings; budgets and funding reserves; assessment & collections; financial statements; insurance; maintenance bid requests & contract provisions. For information, visit <a href="http://www.associationhelpnow.com/">www.associationhelpnow.com</a>;.

Homewood Suites, Newburgh-Stewart Airport, 180 Breunig Rd., New Windsor, NY map

Wed, Jun 20, 2:00pm – 3:00pm

CAI Webinar: How to Reach Your Community: Social Media, Newsletters, Websites, and More

Wed, Jun 20, 2:00pm – 3:00pm add to calendar 20-06-2018 14:00 20-06-2018 15:00 America/New_York CAI Webinar: How to Reach Your Community: Social Media, Newsletters, Websites, and More Learn how to connect, communicate, and enhance community spirit while broadening your reach through print and online channels in your neighborhood. Using an award-winning CAI member community’s example, you’ll examine successful volunteer efforts like converting a newsletter to a magazine, using Facebook and other social media channels for announcements, photos, and videos, emailing residents about current news and event planning, and creating websites to serve residents and prospective residents. For information, visit <a href="http://www.caionline.org/">www.caionline.org</a>. MM/DD/YYYY

CAI Webinar: How to Reach Your Community: Social Media, Newsletters, Websites, and More

Learn how to connect, communicate, and enhance community spirit while broadening your reach through print and online channels in your neighborhood. Using an award-winning CAI member community’s example, you’ll examine successful volunteer efforts like converting a newsletter to a magazine, using Facebook and other social media channels for announcements, photos, and videos, emailing residents about current news and event planning, and creating websites to serve residents and prospective residents. For information, visit <a href="http://www.caionline.org/">www.caionline.org</a>;.

Wed, Jun 27, 6:00pm – 8:00pm

Bisnow: Westchester and Fairfield State of the Market

Wed, Jun 27, 6:00pm – 8:00pm add to calendar 27-06-2018 18:00 27-06-2018 20:00 America/New_York Bisnow: Westchester and Fairfield State of the Market This seminar will provide you with valuable information all first time homebuyers should know in order to make well informed decisions and become an empowered and educated consumer. Learn about the steps to homeownership as well as our vast array of programs and resources available such as grants, mortgage loan products, referral services to lenders, inspectors, attorneys, real estate and insurance agents. For information, visit www.bronxnhs.org. 677 Washington Blvd., Stamford, CT MM/DD/YYYY

Bisnow: Westchester and Fairfield State of the Market

This seminar will provide you with valuable information all first time homebuyers should know in order to make well informed decisions and become an empowered and educated consumer. Learn about the steps to homeownership as well as our vast array of programs and resources available such as grants, mortgage loan products, referral services to lenders, inspectors, attorneys, real estate and insurance agents. For information, visit www.bronxnhs.org.

677 Washington Blvd., Stamford, CT map

Tue, Jul 10, 6:00pm – 8:00pm

Bronx Neighborhood Housing Services: First-Time Homebuyers Seminar

Tue, Jul 10, 6:00pm – 8:00pm add to calendar 10-07-2018 18:00 10-07-2018 20:00 America/New_York Bronx Neighborhood Housing Services: First-Time Homebuyers Seminar This seminar will provide you with valuable information all first time homebuyers should know in order to make well informed decisions and become an empowered and educated consumer. Learn about the steps to homeownership as well as our vast array of programs and resources available such as grants, mortgage loan products, referral services to lenders, inspectors, attorneys, real estate and insurance agents. For information, visit www.bronxnhs.org. 1447 East Gun Hill Road, Bronx, NY MM/DD/YYYY

Bronx Neighborhood Housing Services: First-Time Homebuyers Seminar

1447 East Gun Hill Road, Bronx, NY map

Wed, Jul 25, 7:00pm – 8:00pm

CNYC: Onboarding New Board Members

Wed, Jul 25, 7:00pm – 8:00pm add to calendar 25-07-2018 19:00 25-07-2018 20:00 America/New_York CNYC: Onboarding New Board Members Newly elected board members need solid instruction and training to understand their roles and fiduciary duties. Operating a co-op or condo involves many of the same responsibilities as any other business, yet board members are volunteers who may not have experience in such matters. A proactive approach to onboarding new members sets the tone and positions the entire board for success. Management companies are an important partner in empowering new board members and helping them learn the ropes. Management Executive Dan Wurtzel will walk participants through best practices of onboarding new members .There is no fee for representatives of CNYC, FNYHC, CAI and ARC member cooperatives and condominiums to attend this session ; others are welcome at a fee of $50 if paid in advance or $75 at the door. Advance reservations are required. Call the CNYC office at (212) 496-7400 or send e-mail to workshops@CNYC.coop to reserve your place. Location TBA MM/DD/YYYY

CNYC: Onboarding New Board Members

Newly elected board members need solid instruction and training to understand their roles and fiduciary duties. Operating a co-op or condo involves many of the same responsibilities as any other business, yet board members are volunteers who may not have experience in such matters. A proactive approach to onboarding new members sets the tone and positions the entire board for success. Management companies are an important partner in empowering new board members and helping them learn the ropes. Management Executive Dan Wurtzel will walk participants through best practices of onboarding new members .There is no fee for representatives of CNYC, FNYHC, CAI and ARC member cooperatives and condominiums to attend this session ; others are welcome at a fee of $50 if paid in advance or $75 at the door. Advance reservations are required. Call the CNYC office at (212) 496-7400 or send e-mail to workshops@CNYC.coop to reserve your place.

Location TBA map

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News

4/25/2018 Kazakh president’s brother takes nearly $4M loss on Plaza Hotel condo - NY Post

A Plaza Hotel condo owned by the brother of Kazakh dictator Nursultan Nazarbayev has sold at a loss to a mystery buyer for $14 million, according to city property records.
Read full story

4/25/2018 Kushner Companies’ stalled Jersey City skyscraper once again in trouble - Curbed

One of Jersey City’s biggest proposed residential projects is now “in danger of collapsing,” according to the Associated Press. One Journal Square, one of the many projects that Kushner Companies is developing across the Hudson, has been stalled for close to a year, and “a heated exchange of letters and emails with the city” have made it clear that the two sides may not be able to come to an agreement over its future.
Read full story

4/25/2018 New development agents get stretched thin - The Real Deal

The developers of 111 Murray Street had reason to celebrate this fall after pulling off a $650 million loan that would partially refinance unsold units at the 800-foot condo tower.
Read full story

4/24/2018 Peek Inside Luxury Condos Headed To Brooklyn Bridge Park - Patch

A famed Los Angeles firm will design their first East Coast project with the interiors of the luxury condo building heading to Brooklyn Bridge Park's Pier 6, developers said.
Read full story

4/24/2018 Eric Trump vows to fight ‘rogue’ residents seeking to shed President’s name from Upper West Side condo - Daily News

President Trump's son vows to fight "rogue" residents of an Upper West Side condo who want to yank the Trump brand from their building's facade.
Read full story

4/24/2018 Park Slope co-op with space-saving, transforming design seeks $799K - Curbed

We’ve seen a few so-called “transforming” apartments in New York City over the years: There was the 225-square-foot East Village studio, in which the renter created a bare-bones plywood bed-cum-storage unit that maximized the minimal space available.
Read full story

4/24/2018 Georgette Mosbacher sells Fifth Avenue co-op for $21M - The Real Deal

Socialite Georgette Mosbacher has sold her co-op unit at 1020 Fifth Avenue for $21 million, $8.5 million less than the previous asking price, according to property records filed with the city Monday.
Read full story

4/23/2018 Permits Filed For 144-49 Northern Boulevard, Flushing, Queens - NY YIMBY

Permits filed detail a new, 17-story mixed-use structure coming to Flushing, Queens.
Read full story

4/23/2018 Bjarke Ingels’s twisting High Line condos will soon launch sales - NY Post

Several new details have emerged for the twisty Bjarke Ingels Group-designed buildings next to the High Line, in a recently published New York Times profile on the project. On top of that list of details is the sales launch date for the development: May 7.
Read full story

4/23/2018 Kushner Companies offers to buy Park Ave co-op for $250M - The Real Deal

Kushner Companies has offered to buy the luxury co-op building at 417 Park Avenue for $250 million, a new report claims.
Read full story

4/20/2018 Billionaires’ Row will sprout a 52-story hotel and condo - Curbed

Developer Sheldon Solow is looking to build yet another skyscraper on Billionaires’ Row. His firm, Solow Management, filed plans with the city’s Department of Buildings for a 52-story building that’s set to rise at 12 West 57th Street. YIMBY first reported on the development.
Read full story

4/20/2018 A Central Park West Townhouse, Rooted in History, on the Market for $29 Million - NY Times

The imposing Queen Anne townhouse at 248 Central Park West sits in a prime historic district facing the park, one of just three remaining houses erected in 1887, between 84th and 85th Streets, by the builder William Noble.
Read full story

4/20/2018 NYC neighborhoods where prices are skyrocketing - NY Post

Watch your wallets in these neighborhoods.
Read full story

4/19/2018 River View Co-Op on New York City’s Upper West Side - Variety

Actor, comedian, political commentator and former CNBC talk show host Charles Grodin and novelist Elissa Durwood Grodin have their New York City apartment available at $3.2 million.
Read full story

4/19/2018 Brooklyn condo sellouts reach highest value since 2007 - The Real Deal

Brooklyn condo sellouts have hit their highest value in more than a decade.
Read full story

4/19/2018 Mount Kisco, N.Y.: Affordable, Walkable and Multicultural - NY Times

Good schools, check. Train station no more than an hour’s commute from Manhattan, check. Proximity to parks and forests, check.
Read full story

4/19/2018 Teen jumps to her death from Greenwich Village co-op - NY Post

A 15-year-old girl jumped to her death from the 15th floor of a Greenwich Village co-op late Wednesday afternoon, police said.
Read full story

4/18/2018 Nolita’s new ‘quiet’ condo - The Real Deal

On a clamorous corner along Kenmare Street in Nolita, the Japanese architect Tadao Ando has designed what he calls a “very quiet piece of architecture.”
Read full story

4/18/2018 Is there a link between property tax rates and the rate at which your home appreciates in value? - Washington Post

Nobody likes getting tax bills, especially homeowners who are burdened with ever-escalating local property taxes. Last year, property taxes collected by local and state governments rose by an average 6 percent — $293.4 billion in total — almost three times the annual rate of inflation.
Read full story

4/18/2018 Tompkins County's lack of condos faces pricing, legislative issues - Ithaca.com

In Tompkins County, the answer to the affordable housing crisis has a number of facets that, at face value, have nothing to do with the construction of housing that is inherently affordable.
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