The Real Deal New York

The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

January 20, 2016 02:38PM
By Kyna Doles

Cushman & Wakefield and Brown Harris Stevens

(credit: Cushman & Wakefield and Brown Harris Stevens)

The Bronx’s luxury market picked up in 2015, Manhattan’s leasing activity was down in December and Brooklyn’s average townhouse price per square foot reached a new high.

Residential 

2015 Bronx residential sales: PropertyShark

Luxury sales are picking up in the Bronx. A record-breaking 37 apartments and homes sold for over $1 million last year, including a residence at 4680 Livingston Avenue, which sold for 2.9 million. Read the full report here.

Q4 2015 Brooklyn residential sales: Brown Harris Stevens

Brooklyn’s average townhouse price per square foot set a new record of $411 in the final quarter of the year, and the the average price for an apartment reached $687,701. Read the full report here.

Q4 2015 Manhattan residential sales: Citi Habitats

Manhattan’s median price hit a 10-year high of $1.1 million in Q4. Inventory reached its second lowest level in the past 10 years, and the average price per square foot reached a record high of $1,736. Read the full report here.

Commercial

December 2015 US CMBS delinquency: Trepp

The U.S. CMBS delinquency rate ended the year at 5.17 percent, following three consecutive months of improvement. Read the full report here.

Q4 2015 Manhattan office leasing: Cushman & Wakefield

New leasing activity slipped during the last quarter of the year. Nearly 28 million square feet of new space was leased in the final three months, a 14 percent decrease from 2014. Read the full report here.

November 2015 NYC multifamily sales: Ariel Property Advisors

The multifamily market picked up in November after experiencing sluggish sales in the previous month. Sales totaled $895 million for the month, a 9 percent increase from October and 47 percent rise year-over-year. Read the full report here.

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