Discover the Charm of London Terrace: A Journey Through History and Current Market Trends
Welcome to our dedicated page for London Terrace, an iconic residential building in the heart of Manhattan. Browse our collection of historical photos that capture the essence and evolution of London Terrace over the years. Stay updated with the latest market reports, providing detailed insights into recent sales trends and activities within Manhattan’s dynamic real estate market.
This page is a treasure trove for history buffs and potential buyers alike, offering a comprehensive look at London Terrace’s past and present.
Manhattan Weekly Snapshot
MAY 25, 2024 TO MAY 31, 2024
We are pleased to present our summary of Manhattan condo and co-op sales from May 25, 2024 to May 31, 2024.
- Last week, 214 contracts were signed, down 20% week-over-week due to Memorial Day and 4% year-over-year
- Despite the overall annual decline, 11 out of 20 categories posted year-over-year gains in contract activity.
- Financial District & BPC sales doubled versus a year ago, the most significant annual percentage gain of the week.
- This was the first time in seven weeks that there were fewer than 20 contracts signed over $5M in Manhattan.
- The top contract was the 5th floor at Giorgio Armani Residences (760 Madison Avenue) asking $25M ($5,135 PSF).
| 2024 | 2023 | |||||
| Last Week | Previous Week | % Change | Last Year | % Change | ||
| 5/25 to 5/31 | 5/18 to 5/24 | Week-Over-Week | 5/27 to 6/2 | Year-Over-Year | ||
| PRODUCT TYPE | ||||||
| New Development | 34 | 33 | 3% | 37 | -8% | |
| Resale Condo | 50 | 75 | -33% | 64 | -22% | |
| Resale Co-op | 130 | 160 | -19% | 121 | 7% | |
| Total | 214 | 268 | -20% | 222 | -4% | |
| PRICE RANGE | ||||||
| Under $1M | 87 | 129 | -33% | 96 | -9% | |
| $1M to $3M | 94 | 92 | 2% | 83 | 13% | |
| $3M to $5M | 15 | 24 | -38% | 16 | -6% | |
| $5M to $10M | 11 | 16 | -31% | 21 | -48% | |
| $10M to $20M | 4 | 5 | -20% | 4 | 0% | |
| Over $20M | 3 | 2 | 50% | 2 | 50% | |
| Total | 214 | 268 | -20% | 222 | -4% | |
| Subtotal $5M+ | 18 | 23 | -22% | 27 | -33% | |
| SUBMARKET | ||||||
| Upper Manhattan | 10 | 31 | -68% | 24 | -58% | |
| Upper East Side | 58 | 65 | -11% | 46 | 26% | |
| Upper West Side | 42 | 44 | -5% | 39 | 8% | |
| Midtown | 36 | 49 | -27% | 35 | 3% | |
| Downtown | 56 | 68 | -18% | 72 | -22% | |
| Financial District/BPC | 12 | 11 | 9% | 6 | 100% | |
| Total | 214 | 268 | -20% | 222 | -4% | |
| UNIT TYPE | ||||||
| Studio | 31 | 24 | 29% | 30 | 3% | |
| One Bed room | 71 | 100 | -29% | 74 | -4% | |
| Two Bed room | 69 | 83 | -17% | 63 | 10% | |
| Three Bed room | 44 | 44 | -41% | 39 | -33% | |
| Four+ Bed room | 17 | 17 | 0% | 16 | 6% | |
| Total | 214 | 268 | -20% | 222 | -4% | |
| TOP 5 CONDO & CO-OP CONTRACTS SIGNED | ||||||
| BUILDING | UNIT | ASKING PRICE | SQUARE FEET | PPSF | BEDS / BATHS | |
| Giorgio Armani Residences | 5 | $25,000,000 | 4,869 | $5,135 | 4.0 / 4.5 | |
| 50 West 66th Street | 17CD | $24,950,000 | 7,112 | $3,508 | 6.0 / 6.5 | |
| One Central Park | 75A | $21,995,000 | 3,923 | $5,607 | 4.0 / 5.5 | |
| Central Park Tower | 78W | $18,500,000 | 3,073 | $6,020 | 3.0 / 3.5 | |
| Superior Ink | 12C | $15,900,000 | 4,116 | $3,863 | 5.0 / 5.5 | |
Contracts Reported Signed Last 12 Months
All material herein is intended for information purposes only and is from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal
without notice. This is not intended to solicit property already listed. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker located at 590 Madison Ave, NY, NY 10022.
BROOKLYN WEEKLY SNAPSHOT
WEEK OF MAY 18, 2024 TO MAY 24, 2024
We are pleased to present our summary of Brooklyn condo and co-op sales from May 18, 2024 to May 24, 2024.
- 111 contracts were signed last week, up 4% year-over-year and 12% from the previous week
- Weekly sales rose year-over-year for the first time in seven weeks but was only the sixth time so far this year that sales
- increased annually
- While condo sales fell by double-digits annually, co-op activity increased by 50% compared to last year. 60 weekly contracts
was the most for the product type in nearly three years. - Sales under $500K more than doubled versus 2023, primarily due to co-op sales across South Brooklyn.
- Three bedroom contracts rose 46% annually due to sales in Park Slope, Clinton Hill and Prospect Heights.
- Last week’s most expensive sale was a condo at 381 Bergen Street. The Park Slope triplex includes a large roof deck and offers
panoramic views of both Brooklyn and Manhattan.
| 2024 | 2023 | |||||
| Last Week | Previous Week | % Change | Last Year | % Change | ||
| 5/18 to 5/24 | 5/11 to 5/17 | Week-Over-Week | 5/20 to 5/26 | Year-Over-Year | ||
| PRODUCT TYPE | ||||||
| Condo | 51 | 63 | -19% | 67 | -24% | |
| Co-op | 60 | 36 | 67% | 40 | 50% | |
| Total | 111 | 99 | 12% | 107 | 4% | |
| PRICE RANGE | ||||||
| Under $500K | 41 | 26 | 58% | 20 | 105% | |
| $500K to $750K | 15 | 17 | -12% | 28 | -46% | |
| $750K to $1M | 18 | 19 | -5% | 14 | 29% | |
| $1M to $2M | 29 | 18 | 61% | 34 | -15% | |
| $2M to $3M | 6 | 12 | -50% | 10 | -40% | |
| Over $3M | 2 | 7 | -71% | 1 | 100% | |
| Total | 111 | 99 | 12% | 107 | 4% | |
| SUBMARKET | ||||||
| Wsbrg & Grnpt | 5 | 10 | -50% | 22 | -77% | |
| Bk Hts, Cbl, Dmb, Dntw | 14 | 16 | -13% | 13 | 8% | |
| Pk Sp & Gws | 11 | 5 | 120% | 13 | -15% | |
| Ft Gr, Cl Hl, Pct Hts | 16 | 6 | 167% | 16 | 0% | |
| Crl Gds, Bm Hl, RHk | 0 | 6 | -100% | 1 | -100% | |
| Bd-St, Cr Hts, Lf Gd, Bwk | 16 | 15 | 7% | 20 | -20% | |
| Ksgt, Ws Tr, G Hts, Dts, Fb, PPS | 7 | 5 | 40% | 2 | 250% | |
| So. Bk | 42 | 36 | 17% | 20 | 110% | |
| Total | 111 | 99 | 12% | 107 | 4% | |
| UNIT TYPE | ||||||
| Studio | 8 | 2 | 300% | 13 | -38% | |
| One Bed room | 42 | 34 | 24% | 33 | 27% | |
| Two Bed room | 41 | 41 | 0% | 46 | -11% | |
| Three Bed room | 19 | 22 | -14% | 13 | 46% | |
| Four+ Bed room | 1 | 0 | NA | 2 | -50% | |
| Total | 111 | 99 | 12% | 107 | 4% | |
| CONDO & CO-OP CONTRACTS SIGNED ABOVE $3M | ||||||
| ADDRESS | UNIT | ASKING PRICE | SQUARE FEET | PPSF | BEDROOMS | |
| 381 Bergen Street | 2 | $3,400,000 | 1,947 | $1,746 | 3 | |
| 180 Front Street | 19LFRONT | $3,150,000 | 1,630 | $1,933 | 3 | |
Contracts Reported Signed Last 12 Months
All material herein is intended for information purposes only and is from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice.
This is not intended to solicit property already listed. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker located at 590 Madison Ave, NY, NY 10022.