7

CENTRAL MIDTOWN

A quarterly analysis of residential sales

in Central Midtown, Manhattan

1st Quarter 2019

Residential Market Report, 1st Quarter 2019Multifamily Market Report, 3rd Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: Contact@TheRatnerTeam.com

3% YoY

MANHATTAN

MEDIAN SALE PRICE

4% YoY

MEDIAN PRICE/SQ.FT.

34% YoY

NO. OF TRANSACTIONS

15% YoY

MEDIAN SALE PRICE

Residential Market Report, 1st Quarter 2019

Central Midtown, Manhattan

SUMMARY

$1.55M 71 $1,419 $1.12M

NEIGHBORHOOD BOUNDARIES

Multifamily Market Report, 3rd Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: Contact@TheRatnerTeam.com

2014

74

94

94

94

2015

66

94

2019

71

2018

53

73

70

76

2017

60

124

79

97

2016

98

91

98

74

96

90

Quarter

Q1

Q2

Q3

Q4

Number of Transactions

Median Sale Price by Year

Median Sale Price by Quarter

RESIDENTIAL STATS

$1.5M

$

$200K

$400K

$600K

$800K

$1.0M

$1.2M

$1.4M

$1.6M

$1.8M

$1.3M

$

$200K

$400K

$600K

$800K

$1.0M

$1.2M

$1.4M

$1.6M

$1.8M

71

0

20

40

60

80

100

120

140

Q1 Q2 Q3 Q4

2017 2018 2019

Multifamily Market Report, 3rd Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: Contact@TheRatnerTeam.com

Y-o-Y

-14%

-8%

-

Transactions

39

31

0

-10%

-15%

-

Median sale price/sqft

$1,779

$858

-

Property Type

Condos

Coops

Houses

Median sale price

$2,362,500

$598,000

-

Y-o-Y

Number of Sales by Building Type

Type of Residential Properties Sold

Median Sale Price per Square Foot

$1,419

$

$500

$1,000

$1,500

$2,000

$2,500

RESIDENTIAL SALES BREAKDOWN

56%

44% Condos

Coops

Houses

Multifamily Market Report, 3rd Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: Contact@TheRatnerTeam.com

Coop

Coop

864

566

950

Coop

Condo

Coop

Condo

Coop

Coop

6-Feb-19

26-Feb-19

$970,000

$849,000

$765,000

$695,000

$692,000

$655,000

$630,000

$599,000

5-Feb-19

29-Mar-19

26-Feb-19

23-Jan-19

22-Mar-19

3-Jan-19

245 E 54th St #10L

222 E 58th St #20E

1-01270-0020

1-01309-1138

1-01271-0021

1-01271-1404

1-01327-1003

1-01331-1203

1-01328-0021

1-01331-1203

24 W 55th St #7CD

135 E 54th St #5K

27 W 55th St #72

77 W 55th St #14D

211 E 53rd St #9L

222 E 58th St #11C

1,490

973

777

1,250

1,230

1,277

1,253

1,052

Coop

Coop

Coop

Condo

Condo

Coop

Condo

Condo

Condo

Coop

Coop

Condo

$1,390,000

$1,350,000

$1,300,000

$1,150,000

$1,100,000

$1,055,000

$1,750,000

$1,580,000

$1,562,500

$1,547,500

$1,500,000

$1,425,000

21-Feb-19

28-Feb-19

8-Feb-19

15-Mar-19

14-Feb-19

4-Feb-19

28-Jan-19

21-Feb-19

27-Mar-19

12-Feb-19

6-Feb-19

10-Jan-19

1-01311-0065

1-01330-0004

1-01330-0004

1-01269-1172

1-01329-1025

1-01331-1203

1-01331-1307

1-01279-1022

1-01327-1221

1-01330-0004

1-01312-0069

1-01292-1017

110 E 57th St #10FG

200 E 57th St #10A

200 E 57th St #11N

15 W 53rd St #34C

235 E 55th St #40C

222 E 58th St #17B

207 E 57th St #6A

5 E 44th St #18

250 E 54th St #20F

200 E 57th St #3B

475 Park Ave #5C

725 Fifth Ave #31H

1,287

1,034

1,230

1,741

1,129

1,034

1,034

1,034

1,900

1,741

1,465

1,831

Coop

Condo

4,003

4,653

4,653

2,016

1,212

Condo

Condo

Condo

Condo

Condo

Condo

Condo

Condo

Condo

Condo

Condo

Condo

Condo

Condo

Condo

Condo

Coop

Condo

Condo

Condo

Condo

Condo

Condo

Condo

$2,121,913

$2,120,710

$2,118,000

$1,927,243

$1,775,000

$1,750,000

$2,500,000

$2,400,000

$2,325,000

$2,202,170

$2,180,787

$2,156,349

$3,770,275

$3,488,220

$3,200,000

$2,950,000

$2,800,000

$2,500,000

7-Feb-19

28-Jan-19

$15,000,000

$9,300,000

$9,300,000

$5,426,968

$4,381,225

$4,350,678

$4,000,000

$3,900,000

31-Jan-19

24-Jan-19

9-Jan-19

4-Feb-19

30-Jan-19

30-Jan-19

29-Mar-19

26-Mar-19

4-Jan-19

22-Jan-19

22-Feb-19

14-Jan-19

15-Mar-19

8-Feb-19

22-Feb-19

25-Feb-19

7-Jan-19

26-Mar-19

19-Feb-19

9-Jan-19

9-Jan-19

25-Feb-19

14-Jan-19

22-Mar-19

1-01307-1129

1-01307-1125

1-01287-1115

1-01307-1119

1-01331-1203

1-01331-1307

1-01307-1114

1-01312-1229

1-01263-1146

1-01307-1127

1-01307-1131

1-01307-1133

1-01307-1181

1-01307-1175

1-01274-0057

1-01312-1069

1-01292-1098

1-01312-1077

222 E 58th St #17FG

207 E 57th St #5A

1-01292-1357

1-01294-1056

1-01294-1056

1-01307-1174

1-01307-1126

1-01307-1124

1-01272-1041

1-01274-1513

100 E 53rd St #19B

100 E 53rd St #20B

100 E 53rd St #18B

100 E 53rd St #16B

641 Fifth Ave #36C

100 E 53rd St #12B

721 Fifth Ave #42A

115 E 57th St #29A

100 E 53rd St #9A

115 E 57th St #48A

18 W 48th St #34A

100 E 53rd St #17B

33 W 56th St #15A

1 Central Park S #905

100 E 53rd St #46B

100 E 53rd St #42B

24 Central Park S #2W

115 E 57th St #28A

432 Park Ave #35B

500 Park Ave #37A

500 Park Ave #37B

100 E 53rd St #42A

100 E 53rd St #17A

100 E 53rd St #16A

Property type

Condo

Condo

Condo

Condo

Sqft

8,038

3,952

3,974

1,202

Sale date

14-Feb-19

29-Jan-19

14-Mar-19

8-Mar-19

Sale price

$75,000,000

$30,691,657

$29,000,000

$19,600,000

Address

432 Park Ave #64A

432 Park Ave #95

1 Central Park S #2003

1 Central Park S #605

BBL

1-01292-1412

1-01292-1456

1-01274-1632

1-01274-1480

LIST OF TRANSACTIONS

Multifamily Market Report, 3rd Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: Contact@TheRatnerTeam.com

1,458

600

450

385

Coop

Coop

Coop

Coop

Condo

Coop

$230,000

$24,544

$470,000

$435,000

$410,000

$405,000

$350,000

$320,000

13-Mar-19

6-Mar-19

14-Mar-19

19-Mar-19

29-Mar-19

7-Feb-19

1-01290-1232

1-01270-0020

1-01327-1003

1-01327-1003

1-01312-0028

1-01328-0030

1-01327-0037

1-01328-0017

153 E 57th St #6C

240 E 55th St #3B

220 E 54th St #6F

231 E 54th St #3A

2 E 55th St #1035

24 W 55th St #VESTI

650

440

211 E 53rd St #10H

211 E 53rd St #9H

8-Mar-19

7-Jan-19

Coop

Coop

Coop

Coop

Coop

Coop

Sqft

400

540

$505,000

$486,499

$480,000

$477,000

Property type

Coop

Coop

Coop

Condo

Coop

8-Feb-19

23-Jan-19

12-Feb-19

6-Feb-19

Sale price

$598,000

$575,000

$560,000

$521,000

$510,000

1-01328-0030

1-01328-0030

1-01311-0005

1-01328-0021

Sale date

13-Feb-19

18-Jan-19

8-Feb-19

25-Jan-19

21-Feb-19

240 E 55th St #7E

240 E 55th St #7D

111 E 56th St #412

245 E 54th St #18J

BBL

1-01331-0014

1-01312-1302

1-01312-0028

1-01271-0701

1-01312-0028

Address

227 E 57th St #3B

465 Park Ave #24S

153 E 57th St #9E

77 W 55th St #7A

153 E 57th St #19G

Multifamily Market Report, 3rd Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: Contact@TheRatnerTeam.com

T E R TNER TE

Jessie TorresNYC Condo, Co-op &

New Development Expert

David atner Commercial & esidential

Brooklyn xpert

Meet the power team for assisting you in selling, buying, renting, and investing in NYC real

estate

Connect with the leading team for selling, buying, and investing in NYC real estate

The atner Team at Warren Lewis Sotheby's International are your personal NYC real estate

contacts for getting what you want most out of your next transaction.

Sales & ental of Homes, Townhouses & Brownstones

NYC Condo Sales, urchases & entals

New Developments & Development Sites

Commercial roperty Multifamily Buildings, Mixed se, ffice Buildings, etail & Land

FF Market Investment roperties in Brooklyn and Manhattan

ead more ead moreead more

Eiffel DelRosarioResidential Sales &

Rentals Specialist

Multifamily Market Report, 3rd Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: Contact@TheRatnerTeam.com

C L I E N T R E V I E W S"I asked David & his Team to find a tenant for my building. Could not have asked for a more

professional and effective service.” Joseph Fellner

"David, I can't express enough how grateful I am for all your hard work with selling my Cobble

Hill Townhouse! You did an amazing job and achieved a record that I didn't even expect, to be

honest. From now own any real estate related work is yours. Keep up the good work and I am

looking forward working with you again! “ David.K

"David & his Team was incredibly professional and responsive throughout our apartment search

process. He responded to emails promptly and ensured we felt secure about the lease and

apartment. Can't recommend him highly enough. “ Grace. G

"It was a pleasure working with Dave & his Team. Very professional, knowledgable and kept us

informed throughout the proccess. We have used their services before and will do so again in

the future. Halina and Jack (Local Landlords)”

"First and foremost, David is a good guy to deal with. More often then not, it's hard to find a

realtor who's easy going. David is professional, diligent and a good listener. He also doesn't BS.

He tells it like it is when he's creating a strategy for you, yet a smooth-talker with the landlords.

The bottom line is, he has your best interests in mind because he knows that a happy client is a

repeat client- and that will definitely be the case with me.” Spencer Zabiela

"David just recently landed me an amazing place in NYC. I was under a very limited amount of

time to find a new home and David was able to find me an awesome new apartment for a

great price and in an ideal location for work. The man knows how operate in times of pressure

and I'm proud to call him my friend after going through the moving process with him. The man

is honestly among the best of the best in the industry and I'd highly recommend him to anybody

who is serious about finding the right home. “ Tyler Clinton

READ MORE REVIEWS

Multifamily Market Report, 3rd Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: Contact@TheRatnerTeam.com

Multifamily Market Report, 3rd Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: Contact@TheRatnerTeam.com

1031 Qualified Intermediary Estate Planing

Interior Designers Restoration SpecialistsAppraisers & Inspectors Expediters

RoofersArchitects Exterminators

Rubbish Removal CompaniesArtist & Artisans Fences & Gates Specialists

Ironwork Professionals

Kitchen & Bathroom Specialists

Landscape Design School ConsultantsAttorneys Fireplaces

Landscapers & GardenersBankers Floor & Carpet Professionals Spiritual Experts

Stair Building & Repair Specialists

Cabinets Furniture

Lighting Experts Stone & Tile ProfessionalsGarage & Driveway

Locksmith Structural EngineersGeneral Contractors

Mortgage Professionals Surveyors

Carpenters

Chimney & Fireplace Specialists

Cleaners Glass & Shower Doors

Moving & Storage Experts Title CompaniesCloset Design

Wealth ManagersCO Experts

Plumbing Contractors Window ProfessionalsDecks & Patios Specialists

Handymen

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Specialists

Home Security Professionals Property Compliance Wine CellarsDemolition Experts

Home Stagers Property Managers Zoning & Land Use ExpertsDoor Experts

Hvac Professionals Renewable Energy SpecialistsElectricians

Insurance Agents Renovation Professionals

www.RatnerTeamVendors.com

Painters & Plasterers

Lawn & Sprinklers Experts

Multifamily Market Report, 3rd Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: Contact@TheRatnerTeam.com

THE BROOKLYN MADE SHOWrom T e Ratner Team t s s t e roo n ade odcast a s ow a o troo n rea estate entre rene rs s nesses and t e ro ess ona s e ndone o t e ottest rea estate mar ets n t e wor d.

T e roo n ade ow s a one sto s o or an one nterested n ewor Rea state ntre rene rs and s ness. n t e s ow o earna a e ns ts rom ew or s nd str eaders.

tate to date w t t e atest oca rea estate and s ness news. o owmar et trends sten to e c t n oca stor es and m c more

ac mont o r s ow w eat re oca entre rene rs ro ess ona s and reaestate e erts t at we are ea er or o to meet.

www. roo n ade. o odcast

Multifamily Market Report, 3rd Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: Contact@TheRatnerTeam.com

O U R P R E F E R R E D V E N D O R S

SPARTAN RENOVATIONS

Multifamily Market Report, 3rd Quarter 2018

Warren Lewis Sotheby's International Realty

The RATNER Team Market Reporto: 718-747-8215 | c: 347-501-0860 | e: Contact@TheRatnerTeam.com