ISSUE NO. 06 · 2026
BROADStreet
Twenty residences on the market. Five in contract, five new this month. The range runs from a $775,000 studio to a $3,488,000 three-bedroom — the full spectrum of the building, priced and visible at once.
Median ask among the active fifteen: $1,695,000. The contracts span every layout, studio to three-bedroom, $1.15M to $2.25M. Demand is not concentrated at one tier.
Sixty-nine days on market. Four sellers have already moved their number, one by $400,000. The pricing that clears is the pricing set to last week’s evidence, not last year’s.
Bottom line — A quarter of the building is already spoken for, across every layout. The only number that matters is where a single residence sits against the other nineteen.
Three available, one already in contract. The active set runs $4,500 to $6,500, every unit turning over in early July. The signed lease took the floor of that range without a discount.
Median ask, $5,200. No reductions. The band between listings is tight enough that there is little to negotiate — the price is the price.
Fifteen days to a signature. At that velocity, vacancy is a choice, not a condition.
Bottom line — Fifteen days, no concessions, nothing idle. Priced correctly, a unit here does not sit.
Thirty-four closings, $56.6 million, in a single month. Manhattan has spent the year hesitating. Downtown has not.
The median held at $1,497,500 — $1,425 a foot. Values here are not drifting; they are being set by buyers who have run the numbers and still chose this address. That is the rarest signal a market gives: conviction at price.
Ten months of supply, ninety-six days to close, under three percent between ask and final. The spread is narrow. Precision is rewarded; patience is not required.
Bottom line — The comparable set is unusually disciplined right now. What a single residence is worth against it is a precise figure, not an estimate — and worth knowing before the question becomes urgent.
One hundred twenty-two leases signed last month. Seventy-four more in contract. At 2.7 months of supply, the market is not balanced — it tilts decisively toward the owner.
Median rent, $4,672; average, $5,494. The gap between them is the sound of demand at every tier, studio to the high five figures a month. Breadth, not a single hot segment — the most durable kind of strength.
Twenty-five days to a signed tenant. At that absorption, pricing is the owner’s instrument, and the tenant arrives expecting to meet it.
Bottom line — Windows this favorable to owners close without announcement. The return on a unit renewing or turning in the next two quarters is partly a question of timing — and timing is knowable now.
New York, NY 10003