The Manhattan residential apartment market recorded 205 closings last week, including 25 high-end transactions that sold for more than $3.9 million. Trophy and boutique condos once again led the top of the market, with sales in prime Downtown neighborhoods such as Tribeca, SoHo, and the West Village, alongside select Upper East and Upper West Side addresses, accounting for many of the most expensive deals.
While the high end remains resilient, the bulk of transactions clustered in the $750,000 to $1.5 million range, where buyers continue to find relative value amid elevated borrowing costs. Co-ops once again drove overall volume, supported by lower price points and more manageable monthlies, particularly in established Upper East and Upper West Side buildings. At the same time, the middle segment between $2 million and $4 million remains relatively quiet.