Back to all insights Manhattan February 2025 Market Report-
This report provides an in-depth overview of the Manhattan real estate market, highlighting recent transactions and sales performance metrics while capturing the trends and opportunities shaping the market.
The Manhattan real estate market in February 2025 saw significant growth in transaction volume and dollar value, with a total of 22 transactions, marking a 22% increase compared to the previous year. The total dollar volume surged by 163% to $259.2 million, and the number of units sold rose by 16% to 414. Notably, buildable square footage experienced an extraordinary 1,730% year-over-year increase, reaching 256,210 square feet, highlighting Manhattan’s increased demand for development and redevelopment investment opportunities.
The Midtown, Upper East Side (UES), and Upper West Side (UWS) region accounted for 14 transactions worth $220.67 million, supported by notable development deals like 1653 1st Avenue in Yorkville ($50 million, 122,210 BSF) and 1343-1347 2nd Ave & 242 East 71st St in Lenox Hill ($41.6 million, 82,000 BSF), as well as a significant mixed-use sale at 244 West 72nd Street in Lincoln Square ($40 million, 92 units).
Overall, the Manhattan market demonstrated heightened investor confidence and a resurgence in activity across major submarkets. The sharp increase in BSF transactions signals strong interest in long-term development, while robust sales in mixed-use and multifamily properties reflect ongoing demand for residential and commercial space.
Multifamily, Mixed-Use and Development transactions between $1,000,000 – $50,000,000 from January 1, 2025 – January 31, 2025
Zip Codes: 10002, 10003, 10004, 10005, 10006, 10007, 10009, 10011, 10012, 10013, 10014, 10019, 10021, 10023, 10024, 10025, 10025, 10026, 10027, 10028, 10029, 10030, 10031, 10032, 10033, 10034, 10035, 10037, 10038, 10039, 10040, 10044, 10065, 10069, 10075, 10128, 10280
Neighborhoods: Astor Row, Battery Park City, Carnegie Hill, Central Harlem, Central Midtown, Central Park South, Chinatown, Civic Center, Clinton – Hell’s Kitchen, East Harlem, East Village, Financial District, Flatiron District, Fort George, Garment District, Gramercy Park, Greenwich Village, Hamilton Heights, Harlem, Hudson Heights, Hudson Square, Hudson Yards, Inwood, Kips Bay, Koreatown, Le Petit Senegal, Lenox Hill, Lincoln Square, Little Italy, Lower East Side, Manhattan Valley, Manhattanville, Marcus Garvey Park, Meatpacking, Morningside Heights, Murray Hill, NoHo, NoLIta, Nomad, North Chelsea, SoHo, South Chelsea, St. Nicholas Historic District, Sugar Hill, Sutton Place, Times Square – Theatre District, TriBeCa, Tudor City, Turtle Bay, Two Bridges, Upper East Side, Upper Manhattan, Upper West Side, Washington Heights, West Harlem, West Village, Yorkville
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