Scorecard: Brooklyn and Queens new development condo sales spike to start the year

TRD New York /
Mar.March 21, 2017 07:30 AM
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From the March issue: Resales of Manhattan condominiums were going for a median price of $1.38 million at the end of January, up from $1.33 million during January of the previous year, a TRD analysis of recorded sales found. 

In Brooklyn and Queens the median resales price in January stood at $800,000, the highest monthly price since September, when it hit $859,000.

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As for the more volatile new-development market, the median Manhattan sales price dropped dramatically to $2.13 million in January from almost $3 million a month earlier.

Brooklyn and Queens median new development prices also slid in January, but the month also marked the most individual unit sales in more than a year at more than 200 transactions.

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