Back to all insights Manhattan January 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.
In January 2025, the Manhattan real estate market saw a 39% decline in both transaction and unit sales, with 20 deals and 371 units sold. However, total dollar volume remained stable at $231.3 million, down just 1% year-over-year. Buildable square footage (BSF) sales surged 131% to 100,400 BSF.
The top sale was a $34 million mixed-use property in Lenox Hill, followed by a $30 million development site in the Theatre District. Mixed-use properties dominated, with notable transactions in East Harlem and Yorkville. Midtown, the Upper East Side, and the Upper West Side led with $158.66 million in sales, averaging $693 per square foot. Downtown Manhattan saw $14 million in transactions at $988 per square foot, while Upper Manhattan recorded $30 million in sales at $365 per square foot.
Despite year-over-year declines, investor confidence remains strong for all asset types.
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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