Manhattan Residential Apartment Sales | May 3-9, 2026

The top of the market remained firmly concentrated in prime new development condo product, led by a $32.5 million penthouse closing at Sixteen Fifth Avenue in Greenwich Village, alongside two eight-figure transactions at 520 Fifth Avenue in Midtown. The median condo sale price was approximately $1.75 million, with condo pricing averaging roughly $1,700 per square foot among units reporting square footage, while co-ops once again accounted for the majority of overall transaction volume.

Downtown neighborhoods including Greenwich Village, Tribeca, and SoHo accounted for many of the week’s most expensive closings, with buyers continuing to gravitate toward boutique and design-forward product. At the same time, the overall market’s center of gravity remained on the Upper East Side and Upper West Side, where the concentration of co-op inventory supports transaction velocity. Notably, several new Upper West Side condominium projects including 720 West End Avenue and 250 West 96th Street had multiple closings, signaling continued demand for larger family-oriented layouts.

Overall, resilient demand persists at both the entry-level and trophy ends of the market, while the $2 million to $4 million segment remained relatively quiet.