Back to all insights Manhattan Q4 2024 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 Manhattan real estate market in Q4 2024 demonstrated strong growth and investor confidence, with total transaction volume reaching $717.78 million—a 34% increase year over year. The number of transactions rose by 25%, reflecting heightened activity across multifamily, mixed-use, and development properties. Mixed-use properties led the market with $496.34 million in sales, while multifamily transactions totaled $205.12 million, indicating steady demand for residential investments. Development site activity was limited but still saw over 52,000 buildable square feet sold, highlighting selective but strategic investment in future projects. These trends underscore Manhattan’s resilience and continued appeal as a premier investment destination, driven by high-value transactions, strong rental demand, and ongoing development potential. The report reinforces Manhattan’s position as a key player in the New York City real estate market, with sustained momentum across asset classes.
Multifamily, Mixed-Use and Development transactions between $1,000,000 – $50,000,000 from October 1, 2024 – December 31, 2024
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
Contact us for more information.